MUMBAI – Oberoi Realty has reported a decrease of 48.7% in net profit for the third quarter, alongside a drop in revenue compared to the previous year. The Mumbai-based developer noted a net profit of Rs 360.15 crore for the quarter, which marks a decline from its performance last year. Revenue for the same period also fell, coming in at Rs 1,082.85 crore.
In the midst of these financial results, Oberoi Realty launched a new tower within its Elysian project at Oberoi Garden City. This launch has been met with a positive response, securing bookings worth approximately Rs 882 crore.
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