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Chairman’s Speech at the 20th Annual General Meeting of Oberoi Realty Ltd.


Dear Shareholders,

On behalf of the Board of Directors and the entire team of Oberoi Realty, I extend a warm welcome to you all, to the 20th Annual General Meeting of your company.

Last year we saw the implementation of path breaking initiatives such as GST and RERA which also led to the formalisation of both the economy and the real estate sector. GST revolutionized our tax system by implementing a unified tax structure thereby enabling India to be one of the fastest growing economies. For our sector, RERA which is a balanced regulation for all stakeholders, brought a renewed confidence towards the industry. Together, these two reforms are set to make the operating environment more transparent and benefit developers of repute.

Additionally, the Government of Maharashtra is playing a key role in further strengthening the economy through its continued focus on implementing policies to encourage ease of doing business and executing key infrastructure projects across Mumbai.

Investments into the sector are increasing, credible developers are leading the market and real estate sector is once again regaining consumer trust and confidence. In these changing environments, only organisations, focused on customer centricity will prosper in the long run. We are optimistic about our future as we have always placed our customers needs at the focal point of our organisation. Our emphasis on values, stringent process controls and quality of deliverables have helped us establish as one of the most trusted brands in the sector.

At Oberoi Realty, the year has been exceptional in more ways than one. We are glad to inform you that we have been the recipient of numerous awards and recognitions by multiple industry bodies. The awards we receive continue to be a validation of our work and we are extremely proud of this affirmation conferred upon us by the industry time and again.

With these ground-breaking reforms, it is clear that in times to come, only the agile will thrive. Your Company is a strong believer in adaptability and has already attuned itself to market sentiments. As a Company, our vision is to create spaces that are aspirational and live beyond our lifetime; developments that set benchmarks for the industry and enhance the entire ecosystem that operate in.

I am grateful to you for your support and faith and am confident that you will continue to stand by us as we all move forward.

Wishing you all a successful year ahead!


Thank You.

Regards,

Vikas Oberoi

Chairman & Managing Director

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