Oberoi Realty Consortium Selected for Mumbai’s Hotel Horizon Insolvency Resolution
A consortium led by Oberoi Realty has been chosen by creditors for the insolvency resolution of Mumbai’s Hotel Horizon. The consortium will pay Rs 919 crore to creditors, with the amount potentially rising.
Oberoi RealtyHotel HorizonInsolvency ResolutionReal EstateJuhuReal Estate MumbaiJul 15, 2025
Under the resolution plan, the consortium will pay various creditors a total of Rs 919 crore, although the amount may rise. The consortium will be required to pay to the creditors within 45 days of approval of the resolution plan by the National Company Law Tribunal (NCLT).
Hotel Horizon Private Ltd possesses a 7,500 square metres (around 1.9 acres) land parcel in the upmarket Juhu neighbourhood in Mumbai's western suburb. The hotel has been non-operational, according to official documents part of the resolution process. A land parcel of this size may be lucrative for developers in the area, with residential real estate prices trading above Rs 70,000 per square foot in newer constructions, according to local brokers.
Moneycontrol reached out to Oberoi Realty for a comment on the matter, including the consortium's plans for the land parcel, and the story will be updated once a response is received.
At 2:15 pm, Oberoi Realty's shares on the National Stock Exchange were trading 0.7 percent higher at Rs 1,817.30 apiece.
Frequently Asked Questions
What is the CIRP process?
The Corporate Insolvency Resolution Process (CIRP) is a legal framework under the Insolvency and Bankruptcy Code (IBC) in India that aims to resolve insolvency issues of a company. It involves a time-bound process to either restructure the company's debts or liquidate the company's assets.
Who are the members of the consortium?
The consortium consists of Oberoi Realty, Shree Naman Developers, and JM Financial Properties and Holdings.
How much will the consortium pay to the creditors?
The consortium will pay Rs 919 crore to various creditors, although the amount may rise.
Where is the Hotel Horizon located?
Hotel Horizon is located in the upmarket Juhu neighbourhood in Mumbai's western suburb.
What are the potential plans for the land parcel?
The land parcel, which is approximately 1.9 acres, is located in a prime area of Mumbai. It may be developed for residential or commercial purposes, given the high real estate prices in the area.
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