Mumbai real estate update: Oberoi Realty's bookings fell in FY26 but went up on a quarterly basis, and so did the booking value

Mumbai-based, listed real estate developer Oberoi Realty's annual sales booking for FY26 fell by 24 per cent to 698 units from 929 units in FY25. However, the number of units booked rose 76 per cent in Q4FY26 to 229 from 130 in Q3FY26. On a year-on-year (YoY) basis, the number of units booked also increased by 196 per cent from 78 in Q4FY25, according to a regulatory filing by the company.

According to the filing, the total carpet area booked in FY26 decreased by 10% to 11.47 lakh sq ft from 12.83 lakh sq ft in FY26. In the Q4FY26, as much as 3.57 lakh sq ft was booked compared to 1.86 lakh sq ft in Q3FY26 and 1.37 lakh sq ft in Q4FY25.

In Q4FY25, the booking value stood at ₹853 crore."Oberoi Realty showcased a strong Q4FY26 despite the absence of project launches due to delays. During FY26, the company has secured three project developments across Southern and Western Mumbai, as well as a significant land parcel near Bandra Railway station. Going ahead in FY27E, the company has multiple project launches lined up, which will be a key growth driver over the medium term," ICICI Direct Research said in a note on April 21.

Project acquisitions announced by Oberoi Realty in the recent past

In the first week of April 2026, Oberoi Realty signed a development agreement (DA) for the redevelopment of a 1,740 sq m land parcel in South Mumbai's Malabar Hill area. The company plans to undertake the project under the Maharashtra government's cluster development scheme.

According to the company, the said land is proposed to be developed along with other adjoining society/ies under the cluster development scheme.

On March 28, Oberoi Realty announced inking DA for the redevelopment of two housing societies in the Peddar Road area of South Mumbai. The company, in a regulatory filing, said the project is estimated to have a sale potential of 1.40 lakh sq ft of RERA carpet area. In a note issued on March 30, ICICI Direct Research estimated the gross sales potential at more than ₹1,500 crore.

Earlier in March, Oberoi Realty had inked a deal with the Maharashtra Housing and Area Development Authority (MHADA) for a land parcel in Mumbai's Versova area. The company announced on March 16 that it entered into a development agreement for MHADA-owned land in Aram Nagar, in the Versova area of Andheri West, Mumbai.

In February 2025, Oberoi Realty announced that it emerged as the highest bidder, quoting ₹5,400 crore for the lease of 11 acres of land in Mumbai's Bandra East. The Rail Land Development Authority (RLDA) had floated the bids for the same.