India, June 29 -- A leading Mumbai-headquartered real estate developer came into focus this week after announcing its entry into the National Capital Region with an ultra-luxury residential project, marking a geographic expansion beyond the city where it has built its entire track record. The launch was disclosed through a press release filed under SEBI's listing regulations rather than a financial filing, which means the project's commercial scale is described in qualitative terms rather than disclosed deal value.

With a market capitalisation of Rs. 63,950.36 crore, the shares of Oberoi Realty Limited closed at Rs. 1,758.80 per share, up 0.55 percent from its previous closing price of Rs. 1,749.20 apiece. It is trading at a P/E of appro...