Oberoi Realty, a well-known Mumbai-based real estate developer, is making its debut in Gurugram with a premium residential project. The upcoming development will feature ultra-luxury apartments ranging from 5,000 to 8,000 sq ft.
The project, expected to launch in the second half of this financial year, is inspired by Oberoi’s iconic “Three Sixty West” in Mumbai, where prices touch ₹1.5 lakh per sq ft. Vikas Oberoi, Chairman and Managing Director of Oberoi Realty, shared that this will be a high-end, well-designed residential project with all necessary approvals already in progress.
In November 2023, Oberoi Realty acquired 14.8 acres of land in Sector 58, Gurugram for ₹597 crore. The land has a potential development area of 2.6 million sq ft.
Experts believe this is a strategic move by Oberoi Realty to expand into the booming Gurugram market, which has seen the highest property sales value in the Delhi-NCR region over the last three years. The area’s growing infrastructure and premium housing demand make it attractive for developers.
Other Projects in the Pipeline:
- Alibaug Villa Project: Oberoi Realty is also planning a luxury villa and hotel project in Alibaug. The project will include a Ritz-Carlton-managed restaurant and branded villas, with a launch expected by the end of 2025.
- Sky City Mall, Borivali (Mumbai): The company recently launched its Sky City Mall in Borivali, Mumbai. It features a leasable carpet area of around 7.24 lakh sq ft and includes high-end retail brands. Rental agreements have reached up to ₹1,000 per sq ft, reflecting strong interest from premium brands.
