Oberoi Realty's 360 North clocks ₹8,000 cr in gross bookings
Oberoi Realty's first NCR project 360 North in Gurugram has sold more than its construction cost, with gross bookings surpassing ₹8,000 crore. All individual allotments are complete.
— 5 earlier stories on Oberoi Realty Ltd. →What's new
- Gross bookings for 360 North exceed ₹8,000 crore, surpassing total construction costs.
- Revenue recognition in Q1 was ₹880 crore, lower due to timing factors, not order book shortfall.
- Management expects to launch Phase 2 next year and Adarsh Nagar by Q3 FY27.
Why this matters
The NCR entry has already paid for itself, removing demand uncertainty. The revenue dip is timing-driven, not a weakness. With margins holding at 51-52% and mall occupancy ramping, Oberoi is executing without margin pressure.
What we're watching
- Whether Phase 2 of 360 North launches on schedule and at similar pricing.
- Adarsh Nagar project approvals and timeline to Q3 FY27.
- Occupancy trajectory at Sky City Mall toward full occupancy.
The full read
Oberoi Realty's maiden NCR project, 360 North in Gurugram, has generated ₹8,000 crore in gross bookings — enough to cover all construction costs for the phase. The milestone removes execution risk from its NCR foray. Residential revenue recognition for the June quarter came in at ₹880 crore, lower than the prior three quarters, but management attributed the dip to payment and possession timing, not demand weakness. Margins remained healthy at 51-52%, driven by project mix. The pipeline is building: Phase 2 of 360 North is slated for next year, and the Adarsh Nagar project could hit the market by Q3 FY27. Sky City Mall has hit 82% occupancy in its first year. The company is building nearly 18 towers of 60-65 floors without sacrificing quality, according to Chairman Vikas Oberoi. With ₹8,000 crore of pre-sales in the bank and a low debt-equity ratio of 0.16, Oberoi Realty has the cash flow and balance sheet to fund further growth.
Questions answered
- How much did 360 North generate in gross bookings?
- Gross bookings surpassed ₹8,000 crore, exceeding the total construction costs for the phase.
- Why was Q1 revenue recognition lower than prior quarters?
- Revenue recognition of ₹880 crore was lower due to timing of payments, possessions, and percentage-of-completion accounting — not due to a shortfall in orders.
- What is the residential margin for the quarter?
- Residential margin stood at 51-52%, driven by project mix and not commodity-cost pressure.
- What are the upcoming launches for Oberoi Realty?
- Phase 2 of 360 North is expected next year, and the Adarsh Nagar project is targeted for Q3 FY27, pending approvals.
- How is Sky City Mall performing?
- Sky City Mall reached 82% occupancy in its first year, and management expects it to move toward full occupancy this year.
- Does the company have enough cash to fund future projects?
- With ₹8,000 crore in pre-sales and a debt-equity ratio of 0.16, the balance sheet is strong enough to support future growth without additional leverage.
Oberoi Realty Ltd.
Latest quarter · Jun 2026
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All notes on OBEROIRLTY →- 20 Jul 2026 · 4:42 PM IST Oberoi Realty's 360 North clocks ₹8,000 cr in gross bookings
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