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Demand in suburban Mumbai robust, says Oberoi Realty

Vikas Oberoi, chairman and managing director of Oberoi Realty said that the company’s sales and volume growth have remained intact and were not impacted by the macro economic factors. As far as the property demand in Mumbai is concerned, he said that the demand has remained robust in suburban Mumbai.

August 04, 2011 / 14:52 IST
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Oberoi Realty has announced its first quarter (April to June) results. The company has reported a rise of 33% year-on-year in profits. During the period, consolidated net profit of the company increased to Rs 106 crore as against Rs 79.8 crore in the corresponding quarter last fiscal. Consolidated net sales were flat at Rs 159 crore as against Rs 158 crore year-on-year.

Speaking to CNBC-TV18
first published: Aug 4, 2011 11:22 am

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