Shares of real estate majors Lodha Developers and Oberoi Realty saw a large trade of stake worth Rs 3,400 crore in early session of July 23, reportedly by global investor Invesco, weighing down the realty index by over 2.5 percent.
Bloomberg News reported block deals in both the shares, with Macrotech (Lodha) seeing a large trade of 99.51 lakh shares, representing 1% equity of the company change hands at a price of Rs 1,386/share. Oberoi Realty saw a large trade of 1.11 crore shares, representing 3.1% equity change hands at a price of Rs 1,762/share. Both larges trade weighed down the NSE Realty index by over 2 percent in early, down for a second day, with shares of Oberoi Realty down nearly 4 percent and Lodha Developers' shares down more than 5 percent.
Oberoi Realty's block trade saw shares worth $230 million offloaded at a discount of 4% to the last traded price, while Lodha Developers saw the block trade for stake worth $165 million at a discount of 4% to the CMP. Read More
The selling pressure reflected in the entire real estate pack in trade, will all constituents of Nifty Real Estate in the red, led by Lodha and Oberoi Realty, followed by Brigade Enterprises, Prestige Estates, Raymond Realty and Godrej Properties, all of which were down more than 2 percent.
Shares of Lodha Developers are flat on a YTD basis, while Oberoi Realty shares are down over 22 percent so far this year. While there has been no official word on it, news reports have named Invesco as the seller in the block trades. Moneycontrol is yet to independently verify this.
Oberoi Realty had on July 21 reported a net profit of Rs 421 crore for the June quarter of the financial year 2026, marking a near 28 percent decline compared to a year ago. Revenue from operations declined around 30 percent on-year to Rs 987.55 crore. Lodha Developers has reported a 10 percent on year growth in sales bookings at Rs 4,450 crore for the June quarter on housing demand.
Lodha Developers has targetted FY26 presales ar at Rs 21,000 crore, which is expected to be 20% higher than a year ago, assuming global factors are not unfavourable. The Mumbai real estate market is expected to significantly contribute to the FY26 presales target. The realtor is also targetting a net debt of below 0.5x and an additional GDV of Rs 25,000 crore.
"The consistency and predictability of our business model is showcased by the fact that this was
the fifth consecutive quarter of achieving Rs 4,000 crore or more of presales, which we believe
underlines the fact that our business, by being diversified, presents a predictability which very
few other companies in our sector can present," MD and CEO Abhishek Lodha had said during the March 2025 quarter earnings call.
Oberoi Realty had recorded its 'highest-ever' annual consolidated revenue of Rs 5,286 crore, and highest-ever annual booking value of over Rs 5,281 crore during the June quarter. The management has an enabling resolution for Rs 6,000 crore worth of equity raise which it said it will pursue as and when large business development opportunities emerge.
On the future deal pipeline and foray into newer markets, CMD Vikas Oberoi said, "We are very, very focused, very conscious of what we buy. And that's what we exactly want to continue to do, as far as micro markets like I said, that we have put our foot in Gurgaon. We want to see how this plays out. We want to first start development there, see how the market responses, we are in this for the next 100 years, so I know we have enough time, and we want to do it the right way, and we
want to understand, learn the market, whatever we are not in any big hurry."
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