Over the past month, Oberoi Realtys (OBER) share price has corrected over 9%. This, despite the successful launch of the Borivali project (~70%, 0.8mn sqft sold in a month), start of construction in Mulund, and the likely launch of Oasis Worli in 4QFY16E. OBER has defied investor concerns about a weak real estate market with the Borivali launch. We expect a positive surprise in the Worli pre-sales as well.