Oberoi Realty shares gained 4.6 percent to end the previous session at ₹1,930 following positive developments on its Gurugram project. According to CNBC TV18, the stock has risen 2.5 percent in the past month and 13.8 percent this year, demonstrating strong investor confidence. The latest surge comes after the company received significant relief on its maiden Gurugram project, with the Punjab and Haryana High Court's temporary restriction on the Three Sixty North Project now deemed no longer operative.
The Department of Town and Country Planning (DTCP), Haryana, has provided comprehensive legal relief to Oberoi Realty by rejecting all representations seeking cancellation of the Three Sixty North project's licenses. As per the latest exchange filing, the DTCP passed its order on August 13, 2026, which was received by Oberoi Realty via email on August 17, 2026. The DTCP held that License No. 69 of 2025, dated May 12, 2025, and the June 17, 2025 order approving the change of developer in favour of Oberoi Realty remain legally valid and do not require any action under the Haryana Development and Regulation of Urban Areas Act, 1975. The DTCP also rejected AIPL's April 29, 2026 representation seeking cancellation of Licence No. 69 of 2025, calling the representation without merit.
The Three Sixty North project in Gurugram has demonstrated exceptional commercial success, with the company achieving gross bookings of approximately ₹8,109 crore against a total project value of around ₹16,000 crore. According to CNBC TV18, Oberoi Realty has positioned Gurugram as its next major growth market, with Chairman and Managing Director Vikas Oberoi stating that Gurugram would not be treated as a secondary market and would receive the same attention as Mumbai. The Oberoi 360 North project is spread across approximately 14.8 acres and is planned to feature seven residential towers, landscaped open spaces, Club Three Sixty North and a curated boulevard with retail outlets and cafés. The project recorded bookings for around 13.52 lakh sq ft of RERA carpet area, equivalent to approximately 23.10 lakh sq ft of saleable area.
In the quarter-ending June 2026, Oberoi Realty reported impressive financial results with consolidated net profit increasing by 29% to ₹544 crore from ₹421 crore last year, while revenue from operations was up 31.7% at ₹1,301 crore. As reported by CNBC TV18, the company's EBITDA increased 41.1% to ₹734.1 crore and EBITDA margin expanded to 56.4% from 52.7% in the year-ago period. The latest results show even stronger performance with profit before tax (PBT) climbing to ₹712 crore for the quarter from ₹507 crore year earlier. The company also reported significant improvements in profitability metrics, with operating margin expanding to 56.65% from 52.55% and net profit margin improving to 43.44% from 35.87%. Additionally, debt-to-equity ratio declined to 0.17 from 0.21.
Oberoi Realty shares are currently trading at ₹1,907.30 as of 11:31 am, down 1.34% from the previous close on Tuesday, August 18, 2026. Despite the slight decline, the stock has demonstrated strong long-term performance with gains of 2.5% in the past month and 13.8% this year. The current trading reflects market dynamics following the latest legal developments and quarterly results. The company maintains its position as a leading real estate developer with significant presence in Mumbai and growing footprint in the National Capital Region.
