Vikas Oberoi and his wife Gayatri were involved in a supercar crash in Italy when their Lamborghini smashed into a camper van. Both were rushed to the hospital and survived the crash.
The property magnate is rounding off a busy week. He has just returned from a series of roadshows with investors around the world: Hong Kong, Singapore, New York, Boston and London. Now, seated in his tastefully done-up office at the Westin in Mumbai, Oberoi, 44, shares a measured perspective on luxury.
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.
In this edition of Prime Property on CNBC-TV18, Oberoi Realty chairman and managing director Vikas Oberoi rubbishes claims of being overconservative and adds that he in talks with landowners for projects in the NCR (National Capital Market).
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.
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.
Property developer Oberoi Realty plans to expand its land holdings in key cities as debt-laden rivals struggling with rising costs and slowing sale look to cut assets, its managing director said on Tuesday.
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.