OBEROI REALTY REPORTS STRONG YOY VOLUME GROWTH ON DEPRESSED BASE
News: Oberoi Realty, in its operational update, said that sales volume at 4.01 lakh sq ft area during Q1FY23, was up 3.6x YoY (with total booking value of | 752 crore. On a QoQ basis, sales volume has declined by 23%
Views: We note that volumes, prima facie, are higher YoY owing to depressed base of Q1FY22 (second wave of covid). Ex- new launches, the sales volumes are a tad lower than sustenance rate, possibly with Worli project volumes not taking off. Going ahead, Thane launch will be key volume growth driver
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