Oberoi Realty Ltd. recorded property sales bookings of around Rs.9,149.69 crore in the September quarter, a sharp increase from the year-earlier period. The company’s first luxury residential project in Gurugram contributed to the higher booking value, according to reports on its quarterly performance.
The increase in bookings points to strong demand for the company’s new offering, although sales bookings should be distinguished from recognised revenue and profit. Investors will need to assess project execution, collections, construction progress and the timing of revenue recognition to understand how the bookings may translate into financial performance.
