In a remarkable demonstration of market confidence, Oberoi Realty has successfully sold luxury residences worth ₹1,348 crore in just three days following the launch of its new housing project, Oberoi Garden City Thane. This significant achievement comes after the company commenced bookings on October 18 for the first phase of the 75-acre development, which includes five residential towers featuring both 3 BHK and studio apartments, with sizes starting from 1,475 square feet. This rapid sales momentum reflects a strong demand for premium living spaces in Thane, a region increasingly recognised for its appealing blend of urban convenience and residential tranquillity.
The overwhelming response to Oberoi Garden City Thane underscores a growing trend among buyers seeking luxurious and holistic living experiences. As the chairman and managing director of Oberoi Realty remarked, the trust and enthusiasm displayed by customers affirm the company’s commitment to delivering top-tier housing solutions. The project boasts an impressive array of over 30 amenities, including a five-star JW Marriott Hotel, an exclusive private membership club, and an Oberoi International School, catering to the diverse needs of modern families. Such features position Oberoi Garden City as a potential benchmark for luxury living in the Thane region.
Moreover, Oberoi Realty’s financial performance has seen substantial growth. The company reported a staggering 74% increase in booking value for the second quarter of fiscal 2024-25, reaching ₹2,509 crore compared to ₹1,441 crore in the same period last year. This surge is indicative of the robust recovery in the real estate sector and the increasing appetite for high-end properties among consumers. The company’s profit after tax for the first half of FY25 also experienced a commendable 33% rise, further solidifying its standing in the competitive market.
From a sustainability perspective, Oberoi Garden City represents a significant step towards environmentally conscious urban development. The integration of green spaces and modern amenities within the project aligns with the broader objectives of creating sustainable living environments. As cities face escalating challenges related to urbanisation and climate change, developments like Oberoi Garden City Thane offer a model for future projects, promoting eco-friendly practices while enhancing the quality of life for residents. This focus on sustainability not only addresses immediate housing needs but also contributes to the long-term viability of urban living.
