There is a continuous increase in the demand for luxury homes. Not only in Delhi, Noida, Gurugram, Mumbai, Pune, Bengaluru, but now in Thane too, there is a tremendous jump in the purchase of luxury homes. Well-known real estate company Oberoi Realty started booking for its new project just 3 days ago and today all its units were sold. The company sold all the luxury flats worth Rs 1348 crore in just 3 days after the booking of its new project started in Thane of Mumbai Metropolitan Region (MMR).

Booking started on 18 October

The company started booking for the 'Oberoi Garden City Thane' project on October 18. This project will be constructed and marketed in a phased manner. Oberoi Realty informed the stock market that it has recorded a total booking value of about Rs 1348 crore for 5.65 lakh square feet (carpet area) in the first 3 days of booking. Let us tell you that Oberoi Realty is one of the leading real estate developers in the country and has completed 49 projects in MMR.

The project includes a 5 star hotel

Spread over 75 acres, the project will include over 30 flats with world-class amenities, a 5-star deluxe JW Marriott Hotel Thane Garden City and an Oberoi International School. The first stage of development will include 5 housing towers and bookings for 2 towers started from October 18, 2024.

Vikas Oberoi was overwhelmed by the response of the customers

Vikas Oberoi, Chairman and Managing Director, Oberoi Realty, said, "We are delighted with the overwhelming response to our new project at Oberoi Garden City Thane. We are extremely encouraged by the trust our customers have shown in our brand and products. This project embodies our vision of providing a holistic, luxurious living experience. We are confident that it will set a new standard for luxury in Thane."

The company's shares saw a strong rise on Monday

On Monday at 02.24 pm, Oberoi Realty shares were trading at Rs 2010.00 on the BSE with a sharp rise of 4.09% (Rs 79.00). Let us tell you that the company's shares are trading very close to their 52 week high. The 52 week high of Oberoi Realty shares is Rs 2067.65 and the 52 week low is Rs 1051.25. The current market cap of this real estate company is Rs 72,664.09 crore.