Credit rating agency, CARE has reaffirmed ‘A1+’ rating to Oberoi Realty’s Proposed short-term Commercial paper issue worth Rs 100 crore. The company has received the said rating on the back of its professional and experienced management, the group’s robust business risk profile marked by its established brand and strong market position in the real estate market of Mumbai, its strong financial risk profile, supported by low leverage and healthy cash accruals
Oberoi Realty is India’s leading real estate development company, headquartered in Mumbai, focused on premium developments in the residential, office space, retail, hospitality and social infrastructure verticals. Oberoi Realty has an established brand and a track record in the real estate industry of developing innovative projects through its emphasis on contemporary architecture, strong project execution and quality construction.
