Latest news with #Oberoi
Hindustan Times
27 minutes ago
- Business
- Hindustan Times
Jab jaaago tab sawera, tension ki koi baat nai hai: Vikas Oberoi on Gurugram real estate market
Vikas Oberoi, CMD, of Oberoi Realty, while reacting to a question about the saturation of the Gurugram real estate market, said that 'Jab jaago tab sawera hota hai, koi tension ki baat nai hain' (It's morning when you get up, there is nothing to worry). The company has purchased land prudently for its first project in Delhi NCR, Oberoi said during the Q1FY26 conference call on July 22. Vikas Oberoi, CMD, said in April 2025 that Oberoi Realty plans to develop a high-end luxury project in Gurugram, featuring apartments ranging from 5,000 to 8,000 sq ft. (Oberoi Realty) Oberoi said the company has all the permissions for its first project in Gurugram and is getting ready for the launch. Speaking about whether the Gurugram project will have demand similar to their Mumbai's Three Sixty West Project, Oberoi said, "If the story of Gurugram is completely over, then I cannot say anything, I mean, if you say so. But otherwise, I mean, I'm just saying that it is like any other day. We are in our comfort zone, and we will build quality, and I'm sure we'll do it." Also Read: Oberoi Realty plans to come up with a 1.8 mn sq ft mall, a hotel and an office space in Mumbai Work started on the Gurugram site of Oberoi Realty According to Oberoi, the company has started the demolition work at the site and has also started its office in Gurugram. "We are formally and physically present there. Design work is complete. Contracts have been negotiated, ready to be issued -- almost likely issued. So, all ready to roll now. And yes, the entire approval process is also complete. Today, we have the license in our name, and the land is in our name. So, the title for the entire property is clear," Oberoi said during the call. Also Read: Gurugram real estate: Oberoi Realty set to make its debut in Delhi-NCR with luxury project inspired by Three Sixty West Evaluating more than 1,000 land proposals every year During the call, Vikas Oberoi said that the company is evaluating more than 1,000 land proposals every year. "We have stringent conditions through which we take every proposal. It has to meet all criteria. Once they do that, then we are most happy to go ahead and close the deal," Oberoi said. "And we are currently focusing on Mumbai and NCR. We are in no hurry, and we want to establish our sales in Gurugram and then look at something new. And Mumbai, we continue to look at all the good suburbs where you do not have to push a product. There is a pull factor with location, with the quality of the product we make, and then buyers come in. We don't want to go into weak locations," Oberoi said. Also Read: 'Buying a house will never go out of fashion,' says Oberoi Realty's CMD Vikas Oberoi All about Oberoi Realty's first real estate project in Delhi NCR In April 2025, Vikas Oberoi said the company would develop a high-end luxury project in Gurugram, featuring apartments ranging from 5,000 to 8,000 sq ft. In November 2023, the company announced the acquisition of 14.81 acres of land in Sector 58, Gurugram, Haryana, for ₹597 crore. According to the company, the land has the potential to develop up to 2.6 million sq ft of floor area. "It is very similar to what we are doing, maybe a smaller version of Three Sixty West. It's high-end, high-quality, and it's very well designed," Oberoi had said.
The Hindu
3 days ago
- Entertainment
- The Hindu
Tarun Tahiliani's collection at India Couture Week 2025
Within the elegant confines of the Oberoi's ballroom, under the soft glow of lights and the scent of fresh mogra, 95 looks — rich with chikankari, resham, kasheedakari, shaded threadwork, jaali, and zardozi — narrate the story of artisanal techniques. Tarun Tahiliani's collection Quintessence, showcased as part of India Couture Week, is a quiet celebration of craft — textile, form, and finish. Strains of the piano, saxophone, cello, and drums fill the hall as models meander across the different seating areas. The music segues into jazz, classical, Indian and soft rock even, in a way that is symbolic of the diverse moods of today's bride. The silhouettes — in tulle, lace, satin organza, and bandhini — include lehengas, panelled kalidars, concept saris, layered jackets, and structured corsets, created keeping in mind movement, grace, and lightness. The colour palette starts off mellow with subtle shades of ivory, beige and soft gold and graduates to misty rose, blush, almond, pinks and then to reds. For this presentation, the designer chose to ditch the usual runway and do a salon-style viewing. The salon is a kind of runway — just more intimate, says Tarun. 'Couture, by nature, is incredibly detailed. Even I'm often stunned when I see how many thousands of hours go into a single garment,' he says. To honour this craftsmanship, he wanted people to experience the pieces up close, like the original Parisian couture salons where models walked between seated guests. 'Back then, it was about silhouettes. For us, it's about silhouette and the mastery of embroidery — something I believe no one in the world does quite like India. With the subdued colour palette in Quintessence, you need to get close to truly see the finesse,' explains Tarun. The garments teem with delicate florals, abstract foliage, and reimagined Mughal motifs. This collection, in some way, is a reflection of who Tarun is — 'deeply Indian, constantly evolving, thinking in English, dreaming in chikankari'. Quintessence is light and devoid of excesses. It takes a step back from heavy bridal wear. It's an evolution, not a rejection of tradition, Tarun clarifies. Brides today are choosing individuality over convention. They want to own who they are on their big day, not be weighed down by what they're 'supposed' to wear. The market is shifting too and this stems from women becoming more emancipated, educated, and expressive. They want wedding clothes that reflect them, not just societal expectation, he says. The wedding market now has a lot of Gen Z brides. This generation is known to be starkly different from the previous generations of millennials, Gen X, etc. Does the designer take a different approach while designing for them? 'I don't design for generations — I design for now. And 'now' is fluid,' says Tarun, adding, 'Gen Z brides are confident, self-aware, and experimental, but that doesn't mean we discard tradition. Rather, we reinterpret it — like a farshi skirt reimagined as a pleated wrap or chikankari on modern corsetry.' He approaches it by understanding the intention of the bride/groom. Whether someone is seeking minimalism or maximalism, Tarun offers tools to express that identity through cut, fabric, and detail. 'The only rule is authenticity,' he adds. For this show, Tarun once again chose to disperse with the concept of a celebrity showstopper. This goes with his firm belief that clothes must be the showstopper. He says, 'I've said it time and again — craft, karigar, construction: that's the real star. Let the work speak.'
Time of India
6 days ago
- Health
- Time of India
Body of Punjab youth who died of heart attack in Dubai back home
Amritsar: The mortal remains of Dharambir (26), a resident of Lehara village near Garhshankar in Hoshiarpur district, arrived at Sri Guru Ram Dass Jee International Airport, Amritsar, from Dubai on Thursday. SPS Oberoi, managing trustee of philanthropic organisation Sarbat Da Bhala Charitable Trust, said Dharambir had been working as a labourer in Dubai for five years, striving to support his family and secure a better future—much like many other young Indians working abroad. According to the family, Dharambir suddenly fell ill and was admitted to a hospital, where he passed away due to a heart attack on July 17. The remains were received at Amritsar airport by the trust's Punjab team in the presence of the bereaved family. The body was then transported to his native village using the trust's free ambulance service, said Oberoi. Oberoi added the trust had so far facilitated the repatriation of the mortal remains of around 419 youth who died overseas. It was not yet clear whethere the body had been cremated or not. As the family was unable to bring the body back on its own, the trust stepped in after it came to know about their plight. The trust has been carrying out such work across the world for Indians abroad.
Economic Times
23-07-2025
- Business
- Economic Times
Oberoi Realty shares in focus as institutional investor likely to offload 3% stake in $230-million exit
Oberoi Realty shares will be in focus on Wednesday following reports that an institutional investor is likely to offload around 3% stake in the company through a $230 million block deal, sources told CNBC-TV18. ADVERTISEMENT The floor price for the deal has been set at Rs 1,753.2 per share, representing a 4% discount to Tuesday's closing price (22 July). The transaction is said to be a clean-out trade, although the identity of the selling investor has not been disclosed. Also Read: Paytm stock rallies 122% in one year but still 53% below issue price. Can it reclaim its IPO glory? Oberoi Realty Q1 Earnings In Q1FY26, Oberoi Realty reported a 28% year-on-year (YoY) drop in net profit to Rs 421.2 crore, compared to Rs 585 crore in the same period last year. Revenue from operations declined 29.7% YoY to Rs 987.5 crore, down from Rs 1,405 fell 36% YoY to Rs 520.4 crore, with margins narrowing to 52.7% from 58% a year earlier. ADVERTISEMENT The company also announced an interim dividend of Rs 2 per share for FY25-26. The record date is July 25, and the dividend will be paid on or before August Oberoi, Chairman and Managing Director, said the company continues to benefit from strong demand in the luxury housing segment. ADVERTISEMENT 'Demand for luxury homes remains strong, fuelled by rising aspirations and a growing desire for an enhanced lifestyle. We are pleased to report another healthy quarter, driven by the successful tower launch at Elysian, Oberoi Garden City, Goregaon,' he said. Also Read: Apollo Tyres, Brigade Enterprises among 10 small-cap stocks trading below industry PE; may rally up to 43% ADVERTISEMENT Oberoi Realty share price target According to Trendlyne, the average target price for Oberoi Realty stands at Rs 1,873, suggesting a potential upside of nearly 3% from current levels. Of the 24 analysts tracking the stock, the consensus rating remains 'Buy'. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
22-07-2025
- Business
- Economic Times
Oberoi Realty shares in focus after Q1 profit drops 28% YoY to Rs 421 crore; margins shrink
Oberoi Realty shares will be in focus on Tuesday after the company reported a 28% year-on-year decline in net profit to Rs 421.2 crore for the quarter ended 30 June 2025, down from Rs 585 crore in the same period last year. ADVERTISEMENT Revenue from operations fell 29.7% to Rs 987.5 crore from Rs 1,405 crore a year ago. Ebitda dropped 36% to Rs 520.4 crore, with margins narrowing to 52.7% from 58% in the year-ago period. Also Read:7 Nifty500 stocks with highest dividend yields. Do you own any? The company declared an interim dividend of Rs 2 per equity share for FY25-26, representing 20% of the face value of Rs 10. The record date is set as July 25, with payment expected on or before August Oberoi, Chairman and Managing Director, said, 'Demand for luxury homes remains strong, fuelled by rising aspirations and a growing desire for an enhanced lifestyle. We are pleased to report another healthy quarter, driven by the successful tower launch at Elysian, Oberoi Garden City, Goregaon.'He added that the company remains focused on developing vibrant communities through premium residential, retail, hospitality, and sustainable offerings. ADVERTISEMENT Also Read: Apollo Tyres, Brigade Enterprises among 10 small-cap stocks trading below industry PE; may rally up to 43% ADVERTISEMENT According to Trendlyne, the average target price for Oberoi Realty is Rs 1,906, implying a potential upside of nearly 4% from current levels. Of the 24 analysts covering the stock, the consensus rating remains 'Buy. 'So far in 2025, Oberoi Realty shares have declined 19%, though they remain up 74% over the past two years. The company's current market capitalisation stands at Rs 66,739 crore. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
