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.
Related News Articles
Maharashtra Government Approves RRP Electronics Semiconductor Project
The Maharashtra government has approved the RRP Electronics semiconductor project, which is expected to boost the state's economy and create new job opportunities.
Green Building Certifications: Do They Really Boost Property Value?
Discover how green building certifications like LEED can impact property value, operational cost savings, and property tax rebates in the real estate market.
CM's Attendance at Bhutani Event Sparks Protests in Sancoale
Activists and residents of Sancoale boo Chief Minister Pramod Sawant for attending event promoted by Bhutani Group, accused of illegalities and hill cuttings.
Evoq Realtech Teams Up with Hrithik Roshan as Brand Ambassador
Evoq Realtech, a prominent real estate developer based in Mohali, is delighted to announce its partnership with Indian superstar Hrithik Roshan, who will now be the face of their upcoming projects.
Kansai Nerolac Dives into Real Estate with Major Lease on Prime Mumbai Land
Kansai Nerolac Paints secures a significant lease deal on prime land in Lower Parel, Mumbai, for INR 726 crore, capitalizing on the booming real estate market.
Pune's Housing Prices Reach All-Time High, Surging 11% in 2024: Gera Report
In 2022, 1.03 lakh new homes were added. Pune's real estate market reflects the dynamics of a classic boom cycle that began in 2020, with prices continuing to rise sharply.