Luxury homes are flying off the shelves, with growing demand across cities like Delhi, Mumbai, Pune, and Bengaluru—and now even in Thane. Oberoi Realty, one of India’s top developers, achieved a new milestone by selling flats worth Rs. 1,348 crore within three days of opening bookings for its latest project in Thane.
The company launched the first phase of its ambitious “Oberoi Garden City Thane” on October 18, 2024. As per the company’s announcement to the stock exchange, these bookings covered 5.65 lakh square feet of carpet area.
75-Acre Township with Premium Amenities
Spread across 75 acres, the Oberoi Garden City in Thane promises a luxurious lifestyle. It will feature more than 30 world-class amenities, including a 5-star deluxe JW Marriott Hotel and an Oberoi International School within the premises. In the first phase, five residential towers will be developed, with bookings for two towers already sold out.
Company Shares Surge Amid Strong Demand
Following the booking success, Oberoi Realty’s shares witnessed a surge on the stock market. As of Monday afternoon, the stock was trading at Rs. 2,010 on the BSE, up 4.09%. The company’s shares are close to their 52-week high of Rs. 2,067.65, showing the market’s positive sentiment.
CMD Vikas Oberoi on the Customer Response
Vikas Oberoi, Chairman and Managing Director of Oberoi Realty, expressed gratitude for the overwhelming customer response. “The trust shown in our new Thane project strengthens our commitment to providing a premium lifestyle. This development sets a new benchmark for luxury living,” he said.
With this success, Oberoi Realty continues to expand its footprint in the Mumbai Metropolitan Region (MMR), where it has already completed 49 projects.
