Oberoi Realty wins Rs 5,400 Cr bid for Bandra East railway land lease
OBEROIRLTY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.8 pts more than Nifty Midcap 150 and 1.5 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Oberoi Realty's bid of Rs 5,400 Crore emerged as the highest in an auction by Railway Land Development Authority (RLDA) for a 99-year lease of about 11 acres (45,371 sq mt) of railway land in Bandra East, Mumbai, adjoining Western Express Highway. The plot has FSI potential of about 19.50 lakh sq ft. Communication from RLDA on the next steps is awaited.
Major land bank addition in prime Mumbai. Awaiting allotment confirmation. Positive for long-term growth pipeline if completed.