Oberoi Realty has been declared as the highest bidder at the auction of about 25 acres of land parcel owned by Tata Steel and located on the Western Express Highway in Borivali (East), a western suburb in Mumbai. The sale will be concluded after receipt of the requisite approval.
The company has reported 38.61% fall in its net profit at Rs 46.08 crore for third quarter ended December 31, 2013 as compared to Rs 75.06 crore for the same quarter in the previous year. Total income from operations of the company has decreased by 26.38% at Rs 141.77 crore for quarter under review as compared to Rs 192.58 crore for the quarter ended December 31, 2012.
