Oberoi Realty Consortium Secures ₹919 Crore Deal for Hotel Horizon in Mumbai's Juhu
Oberoi Realty Limited, a prominent real estate firm, has announced the approval of its resolution plan by the Committee of Creditors (CoC) of Hotel Horizon Private Limited (HHPL). The consortium, including Shree Naman Developers and JM Financial Properties and Holdings, will pay ₹919 crore for the prime land in Juhu, Mumbai.
Oberoi RealtyHotel HorizonJuhuReal EstateResolution PlanReal Estate NewsJul 14, 2025
The approved resolution plan involves a total payment of ₹919 crore, along with any additional statutory payments, for full and final settlement of outstanding claims and unpaid Corporate Insolvency Resolution Process (CIRP) costs. The payment is to be made within 45 days from the date of approval by the National Company Law Tribunal (NCLT), Mumbai Bench.
Hotel Horizon Private Limited owns a prime 7,500 square metre land parcel overlooking the Arabian Sea in Juhu, Mumbai. This acquisition aligns with Oberoi Realty’s core business strategy and will be executed either directly by the consortium or through a special purpose vehicle (SPV) to be formed. Under the resolution plan, the consortium or SPV will subscribe to ₹1 crore worth of fresh shares, thereby acquiring 100% ownership and control of HHPL, subject to necessary regulatory and NCLT approvals.
The acquisition of this prime land parcel in Juhu is a significant move for Oberoi Realty, further solidifying its position in the Mumbai real estate market. The strategic location, with a view of the Arabian Sea, offers immense potential for high-end residential and commercial developments. This move is expected to enhance Oberoi Realty’s portfolio and contribute to its long-term growth and profitability.
Shares of Oberoi Realty Ltd ended at ₹1,804.55, down by ₹30.95, or 1.69%, on the BSE. Despite the slight dip, the approval of the resolution plan is a positive development for the company, reflecting its strong financial position and strategic acumen in the real estate sector.
Oberoi Realty, known for its high-quality developments and commitment to excellence, has a track record of successful projects in prime locations. This acquisition is a testament to the company’s vision and strategic planning, positioning it for sustained growth in the highly competitive Mumbai real estate market.
The consortium's successful bid for Hotel Horizon Private Limited is a significant milestone in the real estate sector, demonstrating the potential for value creation through strategic acquisitions and redevelopment. It also underscores the importance of collaboration and expertise in navigating complex resolution processes and delivering successful outcomes for all stakeholders involved.
Frequently Asked Questions
What is the total payment for the resolution plan of Hotel Horizon Private Limited?
The total payment for the resolution plan of Hotel Horizon Private Limited is ₹919 crore, along with any additional statutory payments.
Who are the members of the consortium that won the resolution plan?
The members of the consortium that won the resolution plan are Oberoi Realty, Shree Naman Developers, and JM Financial Properties and Holdings.
What is the size of the land parcel owned by Hotel Horizon Private Limited?
Hotel Horizon Private Limited owns a prime 7,500 square metre land parcel overlooking the Arabian Sea in Juhu, Mumbai.
How will the acquisition be executed?
The acquisition will be executed either directly by the consortium or through a special purpose vehicle (SPV) to be formed, subject to necessary regulatory and NCLT approvals.
What is the current stock price of Oberoi Realty Ltd?
The current stock price of Oberoi Realty Ltd ended at ₹1,804.55, down by ₹30.95, or 1.69%, on the BSE.
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