PRESS RELEASES

Good morning ladies and gentlemen,

The Indian economy has demonstrated remarkable resilience and recorded consistent growth amidst global trade tensions and geopolitical uncertainties. Progressive government policies, RBI’s proactive stance, and continued focus on enhancing manufacturing capabilities are set to bolster India’s position in the global value chain. India continues to remain the fastest growing major economy and is on track to become the fourth largest economy in the world.

Resilient demand in residential real estate segment reflects sustained consumer confidence and economic stability, while the preference for larger homes continues to rise.

I am delighted to inform you that your Company has once again registered strong financial results across all verticals. In FY 2024-25, we recorded healthy profit margins across quarters and our highest ever annual consolidated revenue, driven by robust sales momentum.

The demand for luxury real estate has remained resilient, unaffected by short-term economic shifts. We see discerning consumers continue to purchase apartments that reflect their aspirations and lifestyle.

The residential market has seen exceptional strength, with the luxury segment leading the way. During the year, we launched the first phase of Oberoi Garden City (OGC) Thane in Pokhran, commenced operations at our largest office asset Commerz III and had a soft launch of Sky City Mall in Borivali. The launch of OGC Thane marked our second project in Thane after Forestville in Kolshet and received a phenomenal response. These developments reflect our vision of transforming high-potential locations into integrated lifestyle destinations.

India’s emergence as a Global Capability Centre hub has driven record-high office leasing activity and rising net absorption from international companies, reinforcing our country’s position as a preferred business destination. Our Grade-A office assets at Oberoi Garden City, Goregaon witnessed significant traction in occupancy levels as we welcomed new tenants and continued to see favourable leasing interests. While Commerz and Commerz II are at peak occupancy, our newest offering Commerz III continues to scale up well with multiple corporates on board and strong interest from reputed companies.

The retail segment has maintained its upward trajectory with demand outpacing supply, driven by strong consumer confidence, a preference for experiential shopping and higher footfalls. With the launch of Sky City Mall in Borivali, we have strategically expanded our retail portfolio to complement Oberoi Mall in Goregaon, which continues to record strong operating performance. Sky City Mall has garnered a tremendous response from tenants and shoppers. It has emerged as a vibrant destination, reinforcing our commitment to creating premium retail offerings and redefining shopping experiences.

Our upcoming hotels Mumbai Marriott Hotel Sky City in Borivali, The Ritz-Carlton in Worli and JW Marriott Hotel Thane Garden City in Thane will complement our residential offerings at these locations and further strengthen our overall portfolio by setting new benchmarks in urban hospitality and delivering exceptional experiences. These hotels are strategically located within our integrated developments and construction continues to progress as per the schedule. We remain committed to exploring new opportunities to expand our presence in this segment.

Our social infrastructure vertical continues to perform exceptionally well through both campuses of Oberoi International School at Goregaon and JVLR. Supported by world-class educational infrastructure, our students benefit from international exposure, industry-relevant skills, and cultural adaptability. In response to the growing demand for high-quality education, we have initiated the development of a third campus in Thane - reaffirming our commitment to nurturing future-ready global citizens through holistic and world-class learning experiences.

On the business development front, we entered into new land deals in Alibaug and key Mumbai locations like Worli and Bandra. We continue to actively pursue business opportunities and follow a calibrated approach to launch new projects, ensuring quality and timely execution. Our approach remains measured and strategic - we are deeply focused on evaluating each opportunity with discipline and long-term intent.

Your Company is dedicated to sustainable development through adherence to green building standards, energy-efficient design principles, and the use of eco-friendly construction materials. We recognise our responsibility towards protecting the environment around our project sites and actively support local biodiversity. Initiatives like ‘Vrukshavalli 2025’, in partnership with the Thane Municipal Corporation, reflect this commitment. Our efforts have also been recognised by several respected agencies, reinforcing our dedication to responsible and future-forward development.

At Oberoi Realty, we remain committed to Environmental, Social, and Governance principles by striking a balance between strong business performance, environmental responsibility, social well-being, and safe working conditions. We have enhanced our focus towards ESG initiatives, and we are proud to share that our efforts to become an enterprise that is ready for today and for the future have been recognised by different bodies.

In the fiscal 2025, your Company was certified as a “Great Place to Work,” highlighting our dedication to fostering an exceptional workplace culture built on trust, respect, and collaboration. We were also recognised among India’s Top 25 Safest Workplaces at the Kelp PoSH Awards 2024

Further, your Company was named one of Fortune India’s Top 50 Future-Ready Employers of 2025, affirming our focus on capability building and workforce empowerment. Through a blended learning approach, we continue to invest in technical, behavioural, and leadership development across all levels.

I take this opportunity to thank our Board for their invaluable guidance, our employees for their unwavering commitment, and our stakeholders for their ongoing support. A heartfelt thanks to our shareholders for the trust and confidence they place in us. As we move forward, your Company remains committed to pioneering developments that blend luxury with sustainability, innovation with tradition and ambition with responsibility. Together, we will continue to transform urban living with operational excellence, driving and delivering long-term shared value creation.