The man known for spotting small, midcap stocks at the right time says more than two dozen themes are yet to be explored.
Adhidev Chattopadhyay, Real Estate Analyst at Elara Capital likes Oberoi Realty, Godrej Projects from Mumbai and Sobha Developers, Prestige and Brigade Enterprises from Bangaluru.
The price range for the Sky City project would be similar or tad lower than the current prevailing prices in the area, said Vikas Oberoi, CMD, Oberoi Realty.
The Reserve Bank of India (RBI) lowered the benchmark repo rate by 50 basis points to 6.75 percent, while keeping CRR and SLR unchanged at 4 percent and 21.5 percent, respectively.
Real estate companies in Mumbai get a boost as the BMC proposes a new 20-year development plan and recommends a substantial increase in FSI to a maximum of 8.
Hope to launch Borivali project on land parcel of 25 acre by March-June, said Vikas Oberoi of Oberoi Realty.
Supreme Court's latest order frees private forest land in Mumbai for real estate projects which will make way for more than 100 real estate projects.
With projects being on track and nil debt will boost results in the coming quarters, believes Oberoi Realty's Vikas Oberoi. He told CNBC-TV18 that the fundamentals of the company continue to remain strong.
The Cabinet cleared controversial Land Acquisition Bill today. In an interview to CNBC-TV18, Vikas Oberoi, chairman of Oberoi Realty says the industry is very clear that unless and until the project is viable, they wouldn‘t get into one. "I am more worried about the bureaucratic red-tapism," he adds.
On the back of a robust order book, Oberoi Realty is optimisticly looking forward to FY13.
Aashiesh Agarwaal, real estate analyst at Edelweiss, said that the developers are likely to face many issues like affordability and cost pressures once new land acquisitions become a lot more expensive after the final bill is rolled out.
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.
In an interview with CNBC-TV18, Vikas Oberoi, chairman and managing director of Oberoi Realty said that the company is currently having the best quarter in the year.