Oberoi Realty and Aman Group Join Forces for Luxury Hotel and Residences in Worli, Mumbai
Oberoi Realty has announced a strategic partnership through its joint venture, I-Ven Realty, with the Switzerland-based Aman Group SARL for a high-end development on a four-acre land parcel located at Dr. Annie Besant Road in Worli, Mumbai. This collaboration marks a significant step in the luxury real estate and hospitality sectors, aiming to create a premier destination in one of India's most vibrant cities.
The development will feature an ultra-luxury hotel with approximately 80 guest rooms and a residential component offering between 150,000 and 200,000 square feet of carpet area for sale. The project will be marketed under the prestigious 'Aman' brand, renowned for its unparalleled expertise in luxury hospitality and villa management. The hotel is scheduled to begin operations by 31 August 2032, with Aman managing the facilities for an initial 25 years, followed by a possible 10-year extension.
This partnership is backed by Vikas Oberoi, the promoter of Oberoi Realty, and Alpha Wave Ventures II. Vikas Oberoi has a strong track record in the real estate industry, known for developing high-quality residential and commercial projects. The collaboration with Aman Group is expected to elevate the Worli property to new heights, positioning it as a leading luxury destination in India.
Worli, a bustling neighborhood in South Mumbai, is known for its prime location and access to key business districts, cultural landmarks, and entertainment hubs. The area's vibrant atmosphere, combined with the Aman brand's commitment to luxury and excellence, makes it an ideal location for this ambitious project. The development will not only cater to affluent residents and travelers but also contribute to the city's growing luxury real estate market.
The Aman Group, founded in 1988, has established itself as a leader in the luxury hospitality sector, operating a portfolio of hotels and resorts in some of the world's most sought-after destinations. Each Aman property is designed to offer a unique and immersive experience, blending contemporary luxury with local culture and heritage. The group's expertise in creating bespoke, high-end accommodations aligns perfectly with Oberoi Realty's vision for the Worli project.
The residential component of the development will offer a range of luxury apartments and penthouses, designed to meet the discerning needs of high-net-worth individuals. These residences will feature state-of-the-art amenities, including spacious living areas, high-end finishes, and access to world-class facilities such as private spas, fitness centers, and fine dining options.
The project's sustainability and environmental impact are also key considerations. Oberoi Realty and Aman Group are committed to implementing green building practices and sustainable design elements to minimize the ecological footprint of the development. This approach aligns with the growing trend of eco-conscious luxury living, which is increasingly important to today's discerning buyers.
In conclusion, the partnership between Oberoi Realty and Aman Group represents a significant milestone in the luxury real estate and hospitality sectors in Mumbai. The development in Worli is poised to set new standards for luxury living and hospitality in India, offering a unique and unparalleled experience for residents and visitors alike.
