Oberoi Realty – Clarity On Proposed Worli Transaction Emerges: ICICI Securities

Oberoi Realty Ltd. has issued a clarification to stock exchanges on November 24, 2022 with-respect-to its proposed 50% area buyout in its completed super-luxury 360 West, Worli project for a consideration of up to Rs 40 billion.

While investors have been concerned over a possible rise in the company’s debt levels owing to this proposed transaction, Oberoi Realty has sought to allay these concerns and guides that this will be a cash neutral transaction for the company.

Key risks are a decline in demand for residential properties and weakness in office leasing.