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Below is quote on Buy rating for Oberoi Realty By Mr. Yash Gupta, Equity Research Analyst, Angel One Ltd

Oberoi Realty is a real-estate company, focusing on the MMR region. Company having business vertices of residential and commercial real-estate. Company has reported a strong set of numbers in Q2FY22, we expect residential real-estate growth momentum to continue for the next couple of quarters as in Q3FY22 company has launched Elysian Tower B in Goregaon along with this upcoming launch of Thane. With a diversified revenue mix, the company owns Oberoi Mall (0.5 msf), Commerz (1.1 msf) and the west in hotel (269 room keys). We expect occupancy levels to improve in CY2022. Company having Robust launch pipeline in FY23, company expects to launch Thane residential project in Q4FY22 along with this Borivali project. Consolidation in Real-estate, we have seen good consolidation across India towards top-10 players. Top-10 players now hold 11.2% market share as compared to 5.4% in 2017. We believe that top-10 players will continue to gain market share. We have a buy rating on Oberoi Realty.

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