Oberoi Realty Expands to NCR with Strategic Land Acquisition in Gurugram
Mumbai-based Oberoi Realty enters NCR market with 14.81-acre land acquisition in Gurugram, Haryana, marking its foray into the region
Oberoi RealtyNcrGurugramLuxury Real EstateLand AcquisitionReal Estate NewsJun 26, 2024
The acquired land has a development potential of around 2.6 million square feet, and Oberoi Realty plans to develop a luxury group housing project on this land. The company paid a stamp duty of Rs 33.77 crore for the transaction, which took place in November 2023, followed by the execution of the sale deed on May 7, 2024.
This strategic move marks Oberoi Realty's foray into the Delhi NCR region, expanding its presence in the Indian real estate market. The company, known for its luxury residential projects, aims to capitalize on the growing demand for high-end housing in the region.
Information
Oberoi Realty is a leading real estate developer based in Mumbai, with a strong presence in the Indian market. The company has developed several luxury residential projects in Mumbai and is now expanding its footprint to other regions, including NCR.
Oberoi Realty is a renowned real estate developer with a commitment to delivering high-quality residential projects. With a focus on luxury and comfort, the company has established itself as a trusted brand in the Indian real estate industry.
Frequently Asked Questions
What is the location of the acquired land by Oberoi Realty?
The acquired land is located in sector 58, near Southern Peripheral Road (SPR), in Gurugram, Haryana.
What is the development potential of the acquired land?
The acquired land has a development potential of around 2.6 million square feet.
What type of project is Oberoi Realty planning to develop on the acquired land?
Oberoi Realty plans to develop a luxury group housing project on the acquired land.
How much did Oberoi Realty pay for the acquired land?
Oberoi Realty paid Rs 597 crore for the acquired land.
What is the significance of this acquisition for Oberoi Realty?
This acquisition marks Oberoi Realty's foray into the Delhi NCR region, expanding its presence in the Indian real estate market.
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