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Oberoi Realty
BSE: 533273|NSE: OBEROIRLTY|ISIN: INE093I01010|SECTOR: Construction & Contracting - Real Estate
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« Mar 12
Chairman's Speech (Oberoi Realty) Year : Mar '13
Dear Shareholder''s
 
 Success of a company primarily depends on its ability to consistently
 grow in a sustainable way. We, at Oberoi Realty, are committed to
 building a financially prudent, sustainable and a transparent company;
 one which will last its lifetime and continue to create value for its
 stakeholders for many years to come.
 
 The journey is long and our challenges could be global or local, macro
 or micro, from within or outside the sector. This very nature of the
 business brings phases of market cyclicality, which in turn present
 opportunities to our company. Whatever the situation, we will continue
 to follow our philosophy of ''aggression with caution''. Our growth will
 also depend on our ability to attract the best capital, investors and
 talents for the company. And for that, our competition is not just
 within the sector. Therefore, we continue to learn from leading
 organisations globally, adapt best practices and evolve as an
 organisation.
 
 We believe that our customers'' faith in our brand is one of the key
 reasons for our growth. Currently, the preference of buyers in the real
 estate sector in India, especially in Mumbai, is undergoing a
 transformation as they are becoming progressively more aware of what''s
 happening around the world. The modern urban Indian buyers are earning
 more, travelling the world and as a consequence, their desire for
 quality is increasing. In a city like Mumbai, which has a huge demand
 for quality housing, the consumer is willing to pay a premium for a
 better quality home and amenities that upgrade his lifestyle. Besides,
 factors like easy access to capital, higher disposable income, a
 growing economy and, most importantly, aspirations of a better life are
 the key drivers for the demand of premium housing. These factors,
 coupled with the traditional Indian mindset of considering investment
 in real estate to be a prudent decision, continue to fuel demand for
 housing. Additionally, we have witnessed that consumers are willing to
 put their money on developments, which are at the right location and
 the right price by a trusted developer.
 
 At Oberoi Realty, there is a significant alignment of our business
 model with these emerging trends of our consumers. We have consciously
 selected locations to create premium developments and we partner with
 leading international consultants and contractors to plan and execute
 them. As an organisation, we constantly focus on making Oberoi Realty,
 a knowledge-driven, customer-centric and innovative company which
 provides for tomorrow''s conveniences today.
 
 We will continue our journey of value creation for all our stakeholders
 over the long run with your continuous support and faith in us. I thank
 you for resting your trust on me and providing me the opportunity to
 lead your company in this very dynamic industry.
 
 Best wishes,
 
 Vikas Oberoi
Source : Dion Global Solutions Limited
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