THE BEST WAY TO PREDICT THE FUTURE IS TO CREATE IT.
WE CANNOT PREDICT THE FUTURE,
BUT CAN CO-CREATE IT. THAT''S THE DEFINING MESSAGE FROM PETER DRUCKER,
ONE OF THE WORLD''S GREATEST MANAGEMENT THINKERS.
I BELIEVE THE CORNERSTONE OF FUTURISTIC ENTREPRENEURSHIP IS TO TRY TO
DECIPHER EMERGING MEGATRENDS AND CREATE CAPABILITIES TO DERIVE ENDURING
VALUE. IN SHORT, FUTURE READINESS.
I HAVE ALWAYS TRIED TO IMPLANT THIS SPIRIT OF FUTURE READINESS IN THE
WAY WE WORK TODAY AND HELP SHAPE ASPIRATIONS FOR TOMORROW.
The global economic crisis that sent shockwaves across the world in
2008 is not yet a distant memory. Global markets have not yet
stabilised since then and volatilities are palpable. However, there is
an upside to thesevolatilities: it offers interesting business
In fiscal 2011-12, we had to counter the challenges of a moderating
market demand, balance rising costs of an inflationaryeconomywith
higher realisations and manage changes in the regulatory landscape. Yet
deliver on evolving customer expectations unfailingly. Despite
transitory adversities, our business model continues to ensure steady
cash flows for future growth and creates a platform for sustainable
Despite the general perception of a slowdown in the real-estate
I believe there is still a considerable pent-up demand in the market,
which can be catered to. Even today, around 80% of an average Indian''s
savings are meant for purchasing a space he/she can call his/her own.
Besides, rising levels of income and aspirations have created a demand
for architectural innovation in line with global standards.
Global trends are constantly transforming the ''mindscape'' of
discerning customers. Therefore, a clear insight of emerging trends is
a business imperative at Oberoi Realty. We are attracting and
acquiring the best global talent for key positions to leverage
international best practices and knowledge. We combine local expertise
with global insight to create innovative realty solutions.
Our products representa significant emotional value for a customer,
sometimes even passed down across generations and cherished with pride.
At Oberoi Realty, we respect this human emotion and focus on creating
Every single unitwith meticulous planning and execution. We don''tjust
sell realty solutions we offer a vision of an evolved quality of life.
We strive to make evolving customer aspirations immediate business
At Oberoi Realty, our business model delivers scalability and stability
on the foundation of robust financials and prudent monetisation of
assets. In consonance with our financial acumen, we took a cautious
approach towards new project launches, owing to non- clarity on some
regulations. We have been proactive, and will continue to be proactive,
in calibrating the pace of construction, launches and on-going sales of
our projects in line with market realities.
We believe stakeholder trust breeds long-term success. The way we
operate is determined by a sense of respect, appreciation and
responsibility towards this trust. This element of trust is the ultimate
value creator in our business. As we leverage new business
opportunities and widen our scope of operations, we will continue to
focus on stakeholder trust.
What is considered ''path-breaking'' today can become hopelessly
''pedestrian'' tomorrow. This is true for every aspect of life and
business. The answer to such a dilemma is continuous innovation to
better the best. This is our corporate credo at Oberoi Realty.
I look forward to the support and guidance of all our stakeholders in
strengthening our endeavour.
CHAIRMAN & MANAGING DIRECTOR