Mumbai-based real estate firm Oberoi Realty on November 26, announced about signing an agreement for the redevelopment of land measuring 4,706 square metres which is located at Nepean Sea Road, Mumbai. The company's entitlement to a free sale component from the project is currently pegged at about 1.18 lakh square feet (RERA carpet area), subject to the provisions of the Development Control and Promotion Regulations for Greater Mumbai, 2034, and other applicable laws.
In October, it was announced by Oberoi Realty about its expansion in Delhi-NCR's Gurugram region. Vikas Oberoi, Chairman and Managing Director of the company, stated that they plan to launch their first project before the current fiscal year ends, as most key approvals have already been secured.
With the office now opened in Gurugram region, Oberoi Realty's plans to expand are already in place with the goal to launch its first project within this financial year itself.
With Oberoi Realty's redevelopment agreement on Nepean Sea Road, it is setting its footprint into creating a project that provides a lifestyle filled with comfort, sophistication and luxury. This redevelopment mega-project by the company paves way for more recent, modern and premium living experience with access to some of the high-end lifestyle amenities.
Oberoi Realty's exceptional presence in Mumbai's luxury housing market has set a mark because of its unmatched quality and design. Now with its further expansion in Delhi-NCR's Gurugram region, it aims to diversify its portfolio by expanding into other regions to create homes that integrate luxury with comfortable living experience.