Oberoi Realty sells 2.1 lakh sq. ft. of apartments worth ₹970 crore in Mumbai’s Goregaon

Mumbai-based listed real estate developer Oberoi Realty has announced the launch of Elysian Tower D at Oberoi Garden City in the Goregaon area of Mumbai. The project has registered a gross booking value of ₹970 crore for 2.1 lakh sq ft (RERA carpet area) with a total saleable area of 3.25 lakh sq ft, it said in a regulatory filing.

Spanning across 80 acres, the development offers a variety of 3- and 4-BHK residences, with carpet areas ranging from 2,009 to 3,430 sq. ft.

This mixed-use project includes residential units, Grade-A office spaces, Oberoi Mall, Oberoi International School, and the luxury hotel, The Westin Mumbai Garden City.

“We are truly delighted by the overwhelming response to the launch of Elysian Tower D in Oberoi Garden City, Goregaon. This success not only reflects the enduring strength of the Oberoi Realty brand but also validates our long-term vision of creating integrated urban developments that redefine luxury living,” said Vikas Oberoi, Chairman and Managing Director, Oberoi Realty Limited.

Also Read: ‘Buying a house will never go out of fashion,’ says Oberoi Realty’s CMD Vikas Oberoi

“The track record established by the sales in Elysian Towers A, B and C, and now the exceptional response to Elysian Tower D, is a strong endorsement of the vibrant ecosystem we have built at Oberoi Garden City, Goregaon. As we continue to shape Mumbai’s skyline, our focus remains on delivering sustainable, design-led and future-ready developments that enrich lives and communities for generations to come,” Oberoi added.

Oberoi Realty Ltd. announced its Q4 results for the financial year ended 2024-25 on April 28. According to a Mint report, the company reported a 45% fall in its consolidated net profits for the fourth quarter to ₹433.17 crore, compared to ₹788.03 crore in the same quarter of the previous fiscal year.

The company’s revenue from core operations dropped 12.5% to ₹1,150.14 crore in the fourth quarter of the 2024-25 fiscal, compared with ₹1,314.77 crore in the same period a year ago, the report said.

Also Read: ₹1,348 crore in three days of Thane launch”>Mumbai real estate: Oberoi Realty sells luxury homes worth ₹1,348 crore in three days of Thane launch

What are the most popular residential formats in the Mumbai real estate market?

In 2024, 50% of properties registered in the Mumbai real estate market were smaller than 650 sq ft, with nearly 60% comprising 1 BHK and 2 BHK apartments, highlighting affordability as the key factor influencing apartment sizes, according to registration data from the Maharashtra Real Estate Regulatory Authority (MahaRERA).

Also Read: Nearly 50% of Mumbai properties registered in 2024 smaller than 650 sq ft, 60% are 1 BHK and 2 BHK homes: MahaRERA data

According to MahaRERA data, 36,274 of the 63,244 units launched in the calendar year 2024 were 1 BHK and 2 BHK apartments. Around 15%, or over 10,000 units, were 3 BHK apartments, and around 3% or nearly 2,000 units, were 4 BHK apartments.