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Hot Pursuit
19-Dec-20
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Oberoi Realty buys hotel in Worli for Rs 1,040 cr
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Evenstar Hotels, a wholly-owned subsidiary of Oberoi Realty, has purchased a hotel property situate at Dr. Annie Besant Road, Worli, Mumbai, for a consideration of Rs 1040 crore.
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The 221-key '5 Star' hotel will be operated and managed under the Ritz-Carlton brand. Earlier the hotel was owned by Oasis Realty (an association of persons), and is part of the project 'Three Sixty West' developed by Oasis Realty.
Shares of Oberoi Realty fell 3.58% to Rs 539.30 on Friday. The stock has climbed nearly 26% in last three months as against a 34% rise in Nifty Realty index.
Oberoi Realty is a real estate development company headquartered in Mumbai. It is focused on premium developments in the residential, office space, retail, hospitality, and social infrastructure verticals.
On a consolidated basis, Oberoi Realty registered a 0.2% decline in net profit to Rs 137.74 crore on 35.7% drop in net sales to Rs 316.06 crore in Q2 September 2020 over Q2 September 2019.
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Previous News |
Nifty below 18,200; realty shares tumble
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Oberoi Realty Ltd Spurts 1.27%
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Oberoi Realty announces board meeting date
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Oberoi Realty slides after Q1 PAT drops 20% YoY
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Board of Oberoi Realty recommends final dividend
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Oberoi Realty
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Oberoi Realty
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Oberoi Realty Q4 PAT more than doubes to Rs 480 crore
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Oberoi Realty rises after strong Q1 performance
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Oberoi Realty spurts on selling flats worth Rs 787 cr in new Mumbai tower
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Hot Pursuit
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01-Nov-21
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Oberoi Realty to convene AGM
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Corporate News
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07-Sep-20
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