Results Update Q3FY25

January 20, 2025

CONTENTS
Financial Update

Investment Properties

Development Properties

1
 Financial Update Investment Properties Development Properties

Balance Sheet – Abstract (Consolidated)

Amount in Rs Lakh
Particulars 9MFY25 9MFY24 FY24

Non-current assets 7,06,668 6,76,068 6,88,749

Current assets 15,48,733 12,78,520 12,74,592

Total 22,55,401 19,54,588 19,63,341

Equity 15,34,508 13,12,942 13,84,441

Non-current liabilities 3,75,352 2,78,000 2,51,570

Current liabilities 3,45,541 3,63,646 3,27,330

Total 22,55,401 19,54,588 19,63,341

Note: Previous period figures have been re-grouped / re-classified wherever necessary to conform to current period’s classification. 2
 Financial Update Investment Properties Development Properties

Cash Flow – Abstract (Consolidated)

Amount in Rs Lakh
Particulars Q3FY25 Q2FY25 Q3FY24 9MFY25 9MFY24

Opening Cash and Bank Balance 1,83,669 1,38,208 1,06,032 1,26,870 83,699

Operating Cash Flows 37,086 84,240 45,399 1,87,738 1,92,570

Investing Cash Flows (1,50,864) (23,656) (37,124) (1,71,256) (73,275)

Financing Cash Flows 1,31,495 (28,823) (54,306) 58,034 (1,42,993)

Closing Cash and Bank Balance* 2,01,386 1,69,969 60,001 2,01,386 60,001

Add: Short-term Liquid Investments 1,43,315 13,700 32,993 1,43,315 32,993

Closing Cash and Bank Balance (incl. Short-

3,44,701 1,83,669 92,994 3,44,701 92,994
term Liquid Investments)
* Includes Rs. 1,875 lakh for Q3FY25/9MFY25, Rs. 3,151 lakh for Q2FY25 and Rs. 2,974 lakh for Q3FY24/9MFY24 shown under other financial assets

Note: Previous period figures have been re-grouped / re-classified wherever necessary to conform to current period’s classification.

3
 Financial Update Investment Properties Development Properties

Assets – Abstract (Consolidated)

Amount in Rs Lakh
Particulars 9MFY25 9MFY24 FY24
Non-current assets
Fixed assets (including CWIP) 6,02,712 5,52,519 5,75,804
Financial assets 35,486 36,575 35,437
Deferred tax assets (net) 14,381 19,991 17,281
Other non-current assets 54,089 66,983 60,227

Total non-current assets 7,06,668 6,76,068 6,88,749

Current assets
Inventories 9,27,709 9,51,640 9,26,124
Financial assets
i) Investments
a) Investments in mutual fund 1,43,315 32,993 48,260
b) Investments - Others - 240 -
ii) Cash and Bank balances 1,99,514 57,030 76,717
iii) Trade receivables 26,002 52,021 20,420
iv) Others 64,690 53,248 59,795
Other current assets 1,87,503 1,31,348 1,43,276

Total current assets 15,48,733 12,78,520 12,74,592

Note: Previous period figures have been re-grouped / re-classified wherever necessary to conform to current period’s classification. 4
 Financial Update Investment Properties Development Properties

Liabilities – Abstract (Consolidated)

Amount in Rs Lakh
Particulars 9MFY25 9MFY24 FY24
Non-current liabilities
Financial liabilities
i) Borrowings 3,15,229 2,38,922 2,19,204
ii) Trade Payables 7,256 8,364 6,086
iii) Others 34,346 19,194 20,699
Provisions 196 148 205
Deferred tax liabilities (Net) 3,973 4,722 44
Other non-current liabilities 14,352 6,650 5,332
Total non-current liabilities 3,75,352 2,78,000 2,51,570

Current liabilities
Financial liabilities
i) Borrowings 38,259 57,163 30,318
ii) Trade Payables 69,512 17,336 50,871
iii) Others 53,083 67,710 60,057
Other current liabilities
i) Advance from customers 5,308 4,589 5,705
ii) Others 1,78,951 2,12,142 1,75,614
Provisions 428 4,706 4,765
Total current liabilities 3,45,541 3,63,646 3,27,330
Note: Previous period figures have been re-grouped / re-classified wherever necessary to conform to current period’s classification.
5
 Financial Update Investment Properties Development Properties

Profit & Loss Account – Abstract (Consolidated)

Amount in Rs Lakh (Except EPS)
Particulars Q3FY25 Q2FY25 Q3FY24 9MFY25 9MFY24
Revenue from Projects 1,09,663 1,04,666 83,983 3,30,770 2,57,574
Revenue from Hospitality 5,345 4,353 4,901 13,880 12,819
Other Operating Revenues 1,559 568 259 3,433 849
Revenue from Rent 22,363 20,291 14,988 59,871 43,219
Property Management Revenues 2,178 2,111 1,233 5,659 3,641
Revenue from Operations 1,41,108 1,31,989 1,05,364 4,13,613 3,18,102
Non Operating Income 4,919 3,873 2,921 12,471 7,919
Total Income 1,46,027 1,35,862 1,08,285 4,26,084 3,26,021
Total Expenses 65,271 57,864 60,571 1,90,052 1,76,178
Profit before share of profit / (loss) of joint ventures
80,756 77,998 47,714 2,36,032 1,49,843
and exceptional items
Share of Profit / (loss) of associates (net) 272 249 219 747 603
Profit Before Tax 81,028 78,247 47,933 2,36,779 1,50,446
Net Profit for the period 61,838 58,944 36,015 1,79,234 1,13,858
Other comprehensive income, net of tax (56) (13) (13) (79) (111)
Total Comprehensive Income for the period 61,782 58,931 36,002 1,79,155 1,13,747
Diluted EPS (Rs.) (not annualised) 17.01 16.21 9.91 49.29 31.31

6
 Financial Update Investment Properties Development Properties

Key Financial Parameters

Particulars 9MFY25 9MFY24

Operating margin 60.08% 50.97%

Net profit margin 42.07% 34.92%

RONW# 16.37% 11.98%

ROCE# 14.97% 10.81%

Gross debt to equity 0.23 0.23

Net debt to equity 0.01 0.15

Current ratio 4.48 3.52

#Calculated on Average Networth and Average Capital Employed

7
 Financial Update Investment Properties Development Properties

Operating Margin Analysis

Amount in Rs Lakh
Property
Particulars Total Residential Rental Hospitality Management
Services
Q3FY25 60.67% 56.55% 91.58% 42.49% -4.40%
Revenues from operations 1,41,108 1,11,009 22,550 5,366 2,183
Operating margin 85,614 62,778 20,652 2,280 (96)

9MFY25 60.08% 56.36% 91.87% 39.67% -8.19%

Revenues from operations 4,13,613 3,33,779 60,215 13,944 5,675
Operating margin 2,48,497 1,88,111 55,319 5,532 (465)

Q3FY24 48.34% 41.32% 95.56% 41.57% -18.24%

Revenues from operations 1,05,364 84,221 14,984 4,923 1,236
Operating margin 50,936 34,798 14,318 2,046 (226)

9MFY24 50.97% 44.90% 96.43% 38.08% -12.70%

Revenues from operations 3,18,102 2,58,343 43,228 12,883 3,648
Operating margin 1,62,130 1,16,004 41,684 4,905 (463)

8
 Financial Update Investment Properties Development Properties

Performance of Scrip (Last 10 years)

1,110.00
1,060.00 ~25% CAGR
1,010.00
960.00
910.00
860.00
810.00
760.00
710.00
660.00
610.00
~17% CAGR
Index

560.00
510.00
460.00
410.00
360.00
~12% CAGR
310.00
260.00
210.00
160.00
110.00
60.00
10.00
4-Jul-17
29-Jul-14

21-Jul-15

12-Jul-16

7-Mar-17

9-Jun-20

1-Jun-21

3-Sep-24
25-Nov-14

17-Nov-15

31-Oct-17

27-Feb-18

23-Oct-18

19-Feb-19

15-Oct-19

11-Feb-20

25-Jan-22

17-Jan-23
24-Mar-15

15-Mar-16

8-Nov-16

26-Jun-18

18-Jun-19

6-Oct-20

2-Feb-21
1-Apr-14

28-Sep-21

20-Sep-22

12-Sep-23

9-Jan-24

7-May-24
24-May-22

16-May-23

31-Dec-24
Sensex BSE Realty Index Oberoi Realty

Note: Opening levels of Sensex and Realty Index as on Apr 01, 2014 was 22,455.23 and 1,471.47 respectively, the same has been indexed to 100.
For Oberoi Realty, the opening price as on Apr 01, 2014 was Rs. 217/-, the same has been indexed to 100.
9
 Financial Update Investment Properties Development Properties

Shareholding Pattern (%)

Category 31-Dec-24 30-Sep-24 30-Jun-24 31-Mar-24 31-Dec-23

Promoter and Promoter Group 67.70% 67.70% 67.70% 67.70% 67.70%

Foreign Institutional Investors (FIIs) 20.24% 18.51% 18.15% 17.09% 17.53%

Domestic Institutional Investors

(Institutional investors other than 10.06% 11.96% 12.29% 12.84% 12.05%
FIIs)

Other public shareholders 2.00% 1.83% 1.86% 2.37% 2.73%

10
 Financial Update Investment Properties Development Properties

Investment Properties - Completed

Carpet Area: 189,250 sqft. Carpet Area: 480,754 sqft. Carpet Area: 23,20,221 sqft.
11
 Financial Update Investment Properties Development Properties

Investment Properties - Completed

The Westin Mumbai
Garden City

Carpet Area: 317,046 sqft. 269 Rooms

12
 Financial Update Investment Properties Development Properties

Commerz
Particulars Q3FY25 Q2FY25 Q3FY24 9MFY25 9MFY24
#
Operating Revenue (Rs. Lakh) 1,223 1,205 1,143 3,370 2,865

EBITDA (Rs. Lakh) 1,015 1,110 1,059 3,013 2,610

EBITDA Margin (%) 83% 92% 93% 89% 91%

* *
Occupancy (%) 96% 84% 52% 85% 56%

Carpet Area Leased (sqft.) 1,81,588 1,59,238 99,214 1,61,686 1,06,717

* The occupancy is the arithmetic average of the occupancy in each quarter

# Operating Revenue is the total of actual rent received and net impact of straight lining of area leased

13
 Financial Update Investment Properties Development Properties

Commerz II
Particulars Q3FY25 Q2FY25 Q3FY24 9MFY25 9MFY24
#
Operating Revenue (Rs. Lakh) 3,555 3,285 2,746 10,152 8,148

EBITDA (Rs. Lakh) 3,350 2,868 2,522 9,310 7,497

EBITDA Margin (%) 94% 87% 92% 92% 92%

* *
Occupancy (%) 97% 93% 87% 94% 83%

Carpet Area Leased (sqft.) 4,64,710 4,47,091 4,16,647 4,52,964 4,00,626

* The occupancy is the arithmetic average of the occupancy in each quarter

# Operating Revenue is the total of actual rent received and net impact of straight lining of area leased

14
 Financial Update Investment Properties Development Properties

Commerz III
Particulars Q3FY25 Q2FY25 9MFY25
#
Operating Revenue (Rs. Lakh) 11,023 9,292 26,896

EBITDA (Rs. Lakh) 9,904 8,205 23,706

EBITDA Margin (%) 90% 88% 88%

*
Occupancy (%) 77% 65% 66%

Carpet Area Leased (sqft.) 17,89,872 15,13,021 15,21,951

* The occupancy is the arithmetic average of the occupancy in each quarter

# Operating Revenue is the total of actual rent received and net impact of straight lining of area leased

15
 Financial Update Investment Properties Development Properties

Oberoi Mall
Particulars Q3FY25 Q2FY25 Q3FY24 9MFY25 9MFY24
#
Operating Revenue (Rs. Lakh) 4,962 4,876 4,427 14,523 11,847

EBITDA (Rs. Lakh) 4,709 4,803 4,205 14,043 11,214

EBITDA Margin (%) 95% 99% 95% 97% 95%

* *^
Occupancy (%) 99% 98% 97% 99% 97%

Carpet Area Leased (sqft.) 3,14,040 3,11,440 3,06,625 3,12,958 3,06,035

* The occupancy is the arithmetic average of the occupancy in each quarter

^ An area of ~ 45,150 sqft. was being remodeled from Q4FY23 to Q2FY24 and hence not considered as part of leasable carpet area in the relevant
periods
# Operating Revenue is the total of actual rent received and net impact of straight lining of area leased

16
 Financial Update Investment Properties Development Properties

The Westin Mumbai Garden City

Particulars Q3FY25 Q2FY25 Q3FY24 9MFY25 9MFY24
Operating Revenue (Rs. Lakh) 5,366 4,375 4,923 13,944 12,884
EBITDA (Rs. Lakh) 2,259 1,631 2,049 5,571 4,913
EBITDA Margin (%) 42% 37% 42% 40% 38%
Number of Rooms 269 269 269 269 269
Average Room Rate (Rs.) 16,396 12,630 13,629 13,750 12,306
Occupancy (%) 79% 82% 82% 81% 83%
RevPAR (Rs.) 12,910 10,407 11,112 11,169 10,156

17
 Financial Update Investment Properties Development Properties

Development Properties

18
 Financial Update Investment Properties Development Properties

Project Till Date Synopsis – Key Development Properties

Revenue
Area Booked Inventory as Booking Value Project
Residential Projects Carpet Area Recognised till
Till Date on Date till Date Completion
Date

(sqft.) (sqft.) (sqft.) (Rs. Lakh) (Rs. Lakh) (%)

Elysian 21,77,157 14,92,704 6,84,453 5,23,501 3,04,492 @

Jardin 11,05,124 5,26,277 5,78,848 1,33,263 - ^

Forestville 11,08,932 2,06,869 9,02,063 40,243 5,705 ^

Eternia 13,49,549 8,72,204 4,77,345 2,20,551 2,18,806 *

Enigma 12,57,392 9,61,257 2,96,135 2,50,488 2,43,717 100%

Sky City 28,54,907 25,17,788 3,37,119 7,12,652 6,12,507 #

Three Sixty West - ORL 5,49,191 1,59,329 3,89,862 2,13,872 1,96,117 100%

Total 1,04,02,252 67,36,428 36,65,825 20,94,570 15,81,344

@ - Project Completion for Elysian T-A is 72%, Elysian T-B is 59% and Elysian T-C is 35%
^ - Project Completion for Jardin and Forestville is yet to reach threshold
* - Part Occupation Certificate received
# - Occupation Certificate received for Sky City A-D and Sky City T-E; Project Completion for Sky City T-F is 67% and Sky City T-G is 48%
19
 Financial Update Investment Properties Development Properties

Quarterly Synopsis – Key Development Properties

Booking Amount Revenue
Area Booked Units Booked
Residential Projects Value for Collected in Recognised
in Q3FY25 in Q3FY25
Q3FY25 Q3FY25 in Q3FY25
(sqft.) (nos.) (Rs. Lakh) (Rs. Lakh) (Rs. Lakh)

Elysian 53,004 29 23,040 22,350 25,839

Jardin 5,26,277 466 1,33,263 18,929 -

Forestville 20,852 25 4,192 3,846 2,176

Eternia 6,166 6 1,937 5,307 1,929

Enigma 31,205 17 10,421 20,539 16,726

Sky City 9,888 9 3,799 12,321 11,161

Three Sixty West - ORL 12,225 2 15,173 56,204 51,830

Total 6,59,617 554 1,91,825 1,39,496 1,09,661

20
 Financial Update Investment Properties Development Properties

Elysian
Project status as on Sep 30, 2024 Project status as on Dec 31, 2024

Tower – A
Tower – A
21
 Financial Update Investment Properties Development Properties

Elysian
Project Till
Particulars Q3FY25 Q2FY25 Q3FY24 9MFY25 9MFY24
Date
Carpet area (sqft.) 21,77,157 21,77,157 15,15,481 21,77,157 15,15,481 21,77,157

Units (nos.) 984 984 719 984 719 984

Area Booked (sqft.) 53,004 83,412 28,788 1,86,269 89,880 14,92,704

Units Booked (nos.) 29 39 16 95 47 666

Area in Inventory (sqft.) 6,84,453 7,37,457 4,95,911 6,84,453 4,95,911 6,84,453

Units in Inventory (nos.) 318 347 255 318 255 318

Booking Value (Rs. Lakh) 23,040 32,438 12,243 75,258 37,460 5,23,501

Amount Collected (Rs. Lakh) 22,350 17,379 9,938 79,963 32,067 2,80,405

Revenue Recognised (Rs. Lakh) 25,839 50,089 19,281 1,06,257 56,415 3,04,492

Average Rate per sqft. (Rs.) 43,468 38,889 42,527 40,402 41,676 35,071

22
 Financial Update Investment Properties Development Properties

Jardin

23
 Financial Update Investment Properties Development Properties

Jardin
Particulars Q3FY25

Carpet area (sqft.) 11,05,124

Units (nos.) 934

Area Booked (sqft.) 5,26,277

Units Booked (nos.) 466

Area in Inventory (sqft.) 5,78,848

Units in Inventory (nos.) 468

Booking Value (Rs. Lakh) 1,33,263

Amount Collected (Rs. Lakh) 18,929

Revenue Recognised (Rs. Lakh) -

Average Rate per sqft. (Rs.) 25,322

24
 Financial Update Investment Properties Development Properties

Forestville
Project status as on Sep 30, 2024 Project status as on Dec 31, 2024

Tower - C
Tower - C
25
 Financial Update Investment Properties Development Properties

Forestville
Project Till
Particulars Q3FY25 Q2FY25 Q3FY24 9MFY25
Date
Carpet area (sqft.) 11,08,932 11,08,932 11,08,932 11,08,932 11,08,932

Units (nos.) 1,257 1,257 1,257 1,257 1,257

Area Booked (sqft.) 20,852 28,776 1,08,775 78,617 2,06,869

Units Booked (nos.) 25 29 116 86 222

Area in Inventory (sqft.) 9,02,063 9,22,915 10,00,157 9,02,063 9,02,063

Units in Inventory (nos.) 1,035 1,060 1,141 1,035 1,035

Booking Value (Rs. Lakh) 4,192 5,640 20,937 15,448 40,243

Amount Collected (Rs. Lakh) 3,846 2,866 1,926 11,913 18,185

Revenue Recognised (Rs. Lakh) 2,176 1,262 - 4,632 5,705

Average Rate per sqft. (Rs.) 20,104 19,600 19,248 19,650 19,453

26
 Financial Update Investment Properties Development Properties

Eternia

27
 Financial Update Investment Properties Development Properties

Eternia
Project Till
Particulars Q3FY25 Q2FY25 Q3FY24 9MFY25 9MFY24
Date
Carpet area (sqft.) 13,49,549 13,49,549 13,49,549 13,49,549 13,49,549 13,49,549

Units (nos.) 1,312 1,312 1,312 1,312 1,312 1,312

Area Booked (sqft.) 6,166 22,330 19,965 50,179 87,956 8,72,204

Units Booked (nos.) 6 21 19 48 84 844

Area in Inventory (sqft.) 4,77,345 4,83,511 5,56,241 4,77,345 5,56,241 4,77,345

Units in Inventory (nos.) 468 474 543 468 543 468

Booking Value (Rs. Lakh) 1,937 6,724 5,941 15,335 26,452 2,20,551

Amount Collected (Rs. Lakh) 5,307 7,719 19,307 21,730 72,404 2,18,780

Revenue Recognised (Rs. Lakh) 1,929 5,402 7,175 14,488 29,141 2,18,806

Average Rate per sqft. (Rs.) 31,420 30,112 29,757 30,562 30,073 25,287

28
 Financial Update Investment Properties Development Properties

Enigma

29
 Financial Update Investment Properties Development Properties

Enigma
Project Till
Particulars Q3FY25 Q2FY25 Q3FY24 9MFY25 9MFY24
Date
Carpet area (sqft.) 12,57,392 12,57,392 12,57,392 12,57,392 12,57,392 12,57,392

Units (nos.) 682 682 682 682 682 682

Area Booked (sqft.) 31,205 62,652 48,502 1,14,913 1,00,532 9,61,257

Units Booked (nos.) 17 33 23 60 48 532

Area in Inventory (sqft.) 2,96,135 3,27,340 4,46,038 2,96,135 4,46,038 2,96,135

Units in Inventory (nos.) 150 167 227 150 227 150

Booking Value (Rs. Lakh) 10,421 19,961 14,342 36,545 29,589 2,50,488

Amount Collected (Rs. Lakh) 20,539 9,789 30,703 37,770 68,590 2,44,780

Revenue Recognised (Rs. Lakh) 16,726 7,322 14,342 30,666 30,232 2,43,717

Average Rate per sqft. (Rs.) 33,395 31,859 29,571 31,802 29,432 26,058

30
 Financial Update Investment Properties Development Properties

Sky City
Project status as on Sep 30, 2024 Project status as on Dec 31, 2024

Tower - F Tower - F
31
 Financial Update Investment Properties Development Properties

Sky City
Project Till
Particulars Q3FY25 Q2FY25 Q3FY24 9MFY25 9MFY24
Date
Carpet area (sqft.) 28,54,907 28,54,907 28,54,907 28,54,907 28,54,907 28,54,907

Units (nos.) 2,734 2,734 2,734 2,734 2,734 2,734

Area Booked (sqft.) 9,888 36,245 45,919 94,892 1,99,995 25,17,788

Units Booked (nos.) 9 30 40 80 173 2,447

Area in Inventory (sqft.) 3,37,119 3,47,007 4,92,758 3,37,119 4,92,758 3,37,119

Units in Inventory (nos.) 287 296 420 287 420 287

Booking Value (Rs. Lakh) 3,799 13,223 14,702 35,794 63,733 7,12,652

Amount Collected (Rs. Lakh) 12,321 18,405 19,659 57,311 82,406 6,03,288

Revenue Recognised (Rs. Lakh) 11,161 28,744 39,685 61,354 94,706 6,12,507

Average Rate per sqft. (Rs.) 38,421 36,481 32,018 37,720 31,868 28,305

32
 Financial Update Investment Properties Development Properties

Highlights
➢ Commenced bookings for Jardin, Oberoi Garden City, Thane

➢ Concluded the transaction through NCLT for acquiring an asset at Mulund

➢ Entered into a development agreement for ~ 81.05 acres in Alibaug

➢ Company raised Rs. 1,500 crore by issuing Non Convertible Debentures

33
 Financial Update Investment Properties Development Properties

Awards
➢ Oberoi Realty has been Great Place To Work® Certified in India
➢ Oberoi Realty Limited has been recognised as one of the Top 25 Safest Workplaces in India at the Kelp
PoSH Awards 2024
➢ Oberoi Realty ranked 2nd in ‘CSR Excellence’ category by GRI Awards India 2024
➢ COMMERZ III ranked 2nd in ‘Commercial Project of the Year’ category by GRI Awards India 2024
➢ Awards received by Oberoi Mall:
o Excellence Award at the Indian Green Building Council Performance Challenge 2024
o Sustainability Leadership Award for Excellence in CSR and Sustainability at the National Awards
for Excellence
o ‘Best Experiential Marketing Campaign’ of the year for Jingle All The Way at the Global Marketing
Excellence Awards
o ‘Marketing Campaign’ of the year for Light Up Luck at the Global Marketing Excellence Awards of
the year for Light Up Luck at the Global Marketing Excellence Awards

34
 Thank You

For any further information please write to ir@oberoirealty.com or contact on (+91 22) 6677 3333

35
 Annexure
Notes

1. The areas of the Investment Properties and Development Properties are the carpet areas as per prevailing law / contractual arrangements.

2. All areas / configurations of projects are based on present estimates and are subject to change based on regulatory requirements and / or design / construction exigencies and
/ or management decisions.

3. Previous period figures have been re-grouped, re-arranged and re-classified wherever necessary to conform to current period’s classification. The classification in this
presentation may vary from classifications under Schedule III to the Companies Act or under Accounting Standards or the financial statements published in the Annual Report.

4. Considering the nature of the business carried on by the Company whereby revenues do not necessarily accrue evenly over the projects period, the revenues of the quarter
and/or the year may not be strictly comparable with the results of the corresponding quarter and/or the year.

Glo ssary /Abbreviat io ns

• Crore = 10 Million • PAT = Profit After Tax
• EPS = Earnings Per Share • PBT = Profit Before Tax
• EBITDA = Earnings before Interest, Tax, Depreciation and Amortisation • RERA = Real Estate (Regulation and Development) Act 2016
• IGAAP = Indian Generally Accepted Accounting Principles (Till March 31, 2016) • ROCE = Return on Capital Employed
• IND AS = Indian Accounting Standards (From April 01, 2016) • RONW = Return on Networth
• Lakh = Hundred Thousand • Rs. = Indian Rupees
• MahaRERA = Maharashtra Real Estate (Regulation and Development) (Registration of real • sqft. = Square Feet
Rules estate projects, Registration of real estate agents, rates of interest and
disclosures on website) Rules, 2017
• nos. = Numbers

36
Disclaimer
This presentation has been prepared by Oberoi Realty Limited (ORL) and does not constitute a prospectus or placement memorandum or an offer to acquire any securities of ORL. This
presentation or any other documentation or information (or any part thereof) delivered or supplied should not be deemed to constitute an offer to subscribe for ORL securities or the total
areas mentioned herein should not be deemed to be the basis for transactions with customers.

No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions
contained herein. The information contained in this presentation is only current as of its date. Certain statements made in this presentation may not be based on historical information or facts
and may be “forward looking statements”, including those relating to general business statements, plans and strategy of ORL, its future financial condition and growth prospects, future
developments in its industry and its competitive and regulatory environment, and statements which contain words or phrases such as ‘will’, ‘expected to’, ‘horizons of growth’, ‘strong growth
prospects’, etc., or similar expressions or variations of such expressions. These forward-looking statements are based on expectations and projections, and may involve a number of risks,
uncertainties and other factors that could cause actual results, opportunities and growth potential to differ materially from those suggested by such statements. These risks and uncertainties
include, but are not limited to risks with respect to its real estate business, economic environment in India and overseas, changes in development regulations, changes in tax laws, changes
in other applicable laws, litigation and labour relations. ORL will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update
these forward-looking statements to reflect subsequent events or circumstances.

ORL may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes. This presentation cannot be
copied and disseminated in any manner.

No person is authorized to give any information or to make any representation not contained in and not consistent with this presentation and, if given or made, such information or
representation must not be relied upon as having been authorized by or on behalf of ORL.

The MahaRERA Rules have been notified on 20th April 2017. All our under construction projects in which sales have commenced have been registered under RERA. The information given in
this presentation in the form of pictures, artistic renders, areas, consideration, project details etc does not purport or tantamount to any disclosure under the MahaRERA Rules and should not
be construed to be or constitute advertisements, solicitations, marketing, offer for sale, invitation to offer, invitation to acquire including within the purview of RERA.

In preparation of these results, the Group has taken into account internal and external sources of information to assess possible impacts of various local and global factors, including but not
limited to assessment of liquidity and going concern, recoverable values of its financial and non-financial assets, impact on revenues and estimates of residual costs to complete ongoing
projects. The Group will continue to monitor any material changes to future economic conditions..

37