Oberoi Realty Wins Rs. 5,400 Cr Bid for Land in Mumbai's Bandra

Oberoi Realty, a Mumbai-based real estate developer, has won the bid for a prime 11-acre land parcel in Bandra East at Rs. 5,400 crore.

The land, located next to the Western Express Highway, is leased from the Railway Land Development Authority (RLDA) for 99 years, offering a floor space index (FSI) potential of around 19.50 lakh square feet.

This acquisition adds to Oberoi’s growing portfolio in one of Mumbai’s premium housing markets, where property rates have been rising.

Key Highlights

• Oberoi Realty wins an Rs. 5,400 crore bid for 11 acres in Bandra East, Mumbai
• The land acquisition provides a floor space index potential of 19.50 lakh square feet
• Q3 FY26 sees 0.68 percent YoY profit growth, with revenue up 5.77 percent and other income growing 40.47 percent

In Q4 FY26, the average property rate in Bandra East stood at Rs. 63,440 per square foot, an increase from Rs. 59,909 the previous year.

For the third quarter of FY26, Oberoi Realty reported a 0.68 percent year-on-year (Y-o-Y) increase in net profit to Rs. 622.64 crore, with revenue rising by 5.77 percent to Rs. 1,492.64 crore. Other income grew by 40.47 percent to Rs. 69.1 crore.

Also Read: Oberoi Realty to Launch Gurugram Project Despite Market Woes

No new projects were launched during this period, but analysts expect upcoming launches, including in Sky City, Borivali, Peddar Road, and Gurugram. These could drive pre-sales to surpass Rs. 6,500-7,000 crore in FY26.