In a tough realty market, the company is finding it hard to sell its high-value properties

Last September, we had recommended a buy on the stock of Oberoi Realty at ₹305 as the stock valuation seemed attractive. The stock has rallied about 61 per cent since then. But during this period, the real estate industry also went through a series of challenges — demonetisation, RERA (The Real Estate (Regulation and Development Act, 2016) and the GST (Goods and Services Tax). While the realty m...