Oberoi Realty Share Price Target Kept at Rs 2,090 by Nomura, Which Raises FY27-28 Pre-Sales Estimates
- July 21, 2026
- Posted by: Kunal Singla
- Category: News
Nomura keeps Buy on Oberoi Realty, target Rs 2,090. Raises FY27/FY28 pre-sales estimates 14%/17%. Expects around 40% FY26-28 pre-sales CAGR. Stock trades at 46% premium to NAV.
The Oberoi Realty share price target stands at Rs 2,090 after Nomura reiterated its Buy rating on the Mumbai based real estate developer, raising its FY27 and FY28 pre-sales estimates by 14 percent and 17 percent respectively. The brokerage’s note comes a day after Oberoi Realty reported its Q1 FY27 results, with the stock trading around Rs 1,884.80 on the NSE.
Nomura’s revised Oberoi Realty share price target of Rs 2,090 reflects confidence in the company’s growth trajectory, expecting a compound annual growth rate of around 40 percent in pre-sales between FY26 and FY28, alongside strong cash generation supporting future business development.
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About Oberoi Realty
Oberoi Realty is a prominent Mumbai based real estate developer known for premium residential, commercial, retail, and hospitality projects across the Mumbai Metropolitan Region, with a diversified portfolio that includes annuity generating assets alongside its core residential development business.
The company’s Sky City Mall and hospitality assets contribute annuity income that complements its residential pre-sales business, giving the Oberoi Realty share price target story a mix of steady recurring cash flows and project driven growth potential.
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Oberoi Realty Share Price Target: Key Points From Nomura’s Note
| Aspect | Nomura’s View |
|---|---|
| Rating | Buy (maintained) |
| Oberoi Realty share price target | Rs 2,090 |
| FY27 pre-sales estimate revision | Raised by 14% |
| FY28 pre-sales estimate revision | Raised by 17% |
| Expected FY26-28 pre-sales CAGR | Around 40% |
| Annuity and hotel income growth (FY26-29 CAGR) | 15-20%, on Sky City Mall ramp-up and new hotels |
| Valuation | 46% premium to NAV |
| Key risk flagged | Adverse DTCP Haryana ruling on the 360 North, Gurugram project |
Nomura’s upward revision to pre-sales estimates is a meaningful driver behind the reiterated Oberoi Realty share price target, since pre-sales growth is the primary top line driver for a residential focused developer, and a 40 percent CAGR expectation through FY28 signals strong confidence in Oberoi Realty’s launch pipeline and absorption rates.
Why the Oberoi Realty Share Price Target Reflects Both Growth and Risk
The brokerage specifically called out strong cash generation and balance sheet strength as supporting future business development, a combination that gives Oberoi Realty flexibility to pursue new land acquisitions and project launches without excessive reliance on external financing, a factor that typically supports a premium valuation multiple.
At the same time, Nomura flagged the stock’s valuation at a 46 percent premium to net asset value as worth monitoring, alongside a specific legal risk: an adverse ruling from the Directorate of Town and Country Planning in Haryana concerning the company’s 360 North project in Gurugram. This risk factor tempers what is otherwise a broadly constructive Oberoi Realty share price target thesis.
Annuity Business Growth Behind the Oberoi Realty Share Price Target
Beyond residential pre-sales, Nomura expects annuity and hotel income to grow at a 15 to 20 percent CAGR between FY26 and FY29, driven by the ramp-up of the Sky City Mall and the addition of new hospitality assets. This diversification into recurring income streams is a structural positive that reduces Oberoi Realty’s dependence on the more cyclical residential pre-sales business alone.
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Conclusion
Nomura’s reiterated Buy rating and Rs 2,090 Oberoi Realty share price target, backed by raised FY27-28 pre-sales estimates and an expected 40 percent CAGR through FY28, underscores continued confidence in Oberoi Realty’s growth trajectory, even as the brokerage flags valuation and a specific Gurugram project legal risk. Investors should track the DTCP Haryana matter and Sky City Mall ramp-up progress, and consult a SEBI registered adviser before acting on the Oberoi Realty share price target.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on the Oberoi Realty Share Price Target
What is Nomura’s Oberoi Realty share price target?
Ans. Nomura has kept its Oberoi Realty share price target at Rs 2,090 with a Buy rating, alongside raising FY27 and FY28 pre-sales estimates by 14 percent and 17 percent respectively.
What pre-sales growth does Nomura expect from Oberoi Realty?
Ans. Nomura expects Oberoi Realty to deliver a pre-sales compound annual growth rate of around 40 percent between FY26 and FY28, reflecting strong confidence in the company’s launch pipeline.
What is the key risk flagged in Nomura’s Oberoi Realty note?
Ans. Nomura flagged an adverse ruling from the Directorate of Town and Country Planning (DTCP) in Haryana concerning Oberoi Realty’s 360 North project in Gurugram as a key risk to monitor.
How is Oberoi Realty valued relative to its net asset value?
Ans. According to Nomura’s note, Oberoi Realty stock trades at a 46 percent premium to its net asset value (NAV).
What is driving Oberoi Realty’s annuity income growth?
Ans. Nomura expects annuity and hotel income to grow at a 15 to 20 percent CAGR from FY26 to FY29, driven by the ramp-up of the Sky City Mall and the addition of new hotel properties.
Is Oberoi Realty share price a buy at the current target?
Ans. This article does not constitute investment advice. While Nomura maintains a Buy rating, investors should weigh the flagged valuation and legal risks and consult a SEBI registered adviser before acting on the Oberoi Realty share price target.
Where can I track Oberoi Realty share price target updates?
Ans. You can track Oberoi Realty share price target updates and brokerage ratings live on the Univest app and website, along with real estate sector research alerts.
