Oberoi Realty soars on launching first luxury residential project in Thane
Oberoi Realty is currently trading at Rs. 1390.65, up by 40.85 points or 3.03% from its previous closing of Rs. 1349.80 on the BSE.
The scrip opened at Rs. 1360.05 and has touched a high and low of Rs. 1394.95 and Rs. 1360.05 respectively. So far 38691 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1407.15 on 20-Nov-2023 and a 52 week low of Rs. 790.05 on 27-Jan-2023.
Last one week high and low of the scrip stood at Rs. 1407.15 and Rs. 1239.00 respectively. The current market cap of the company is Rs. 50186.20 crore.
The promoters holding in the company stood at 67.70%, while Institutions and Non-Institutions held 29.45% and 2.85% respectively.
Oberoi Realty has launched first luxury residential project ‘Forestville by Oberoi Realty’ in Kolshet, Thane. Spread across 18 acres; Forestville will consist of 5 residential towers. The company has launched the first phase of this development consisting of 3 towers. The apartments at Forestville will comprise predominantly of spacious 3-bedroom apartments starting from 1090 sq. ft. at around Rs. 1.87 crore onwards.
Forestville draws inspiration from the design principles of Biophilia, through air, water, light and nature, thereby crafting an environment that blends nature and urban living. Marked by lush green landscapes, tranquil water features, and a design philosophy deeply rooted in eco-consciousness, the project intends to connect residents to nature while indulging them in the finer aspects of luxury. Forestville brings the natural environment closer to homes, and also provides a host of amenities for wellness, entertainment, sports and fitness that outline contemporary luxury living.
Oberoi Realty is engaged in construction and real estate development, and hospitality. The company’s segments include real estate and hospitality.