Oberoi Realty Set to Launch Luxury Project in Gurugram, Inspired by Three Sixty West
Mumbai-based Oberoi Realty is set to enter the Gurugram real estate market with a high-end luxury project, featuring apartments ranging from 5,000 to 8,000 sq ft, inspired by their flagship development, Three Sixty West in Mumbai.
Gurugram Real EstateOberoi RealtyLuxury ApartmentsThree Sixty WestHighend DevelopmentReal Estate MumbaiMay 20, 2025
Oberoi said the Gurugram project will be modeled after the company’s flagship luxury development, Three Sixty West, located in Mumbai’s Worli. There, apartments are priced at ₹1.50 lakh per sq ft. During an investment call last week, Oberoi mentioned that the company is focusing on the high-end luxury segment for its Gurugram venture.
“It is very similar to what we are doing, maybe a smaller version of Three Sixty West. It will start with 5,000 (sq ft) or so, and will go up to 7,500, 8,000 (sq ft). So it’s literally that sort of product, it's high-end, high-quality, and it's very well designed,” said Oberoi.
Approval-wise, we constantly keep getting approval (for the Gurugram project), so there is really no challenge. We have got a few approvals in the past, maybe a few weeks ago, and the rest of them are also in place, so we are on a good wicket there,” he added.
In November 2023, the company announced the acquisition of 14.81 acres of land in Sector 58, Gurugram, Haryana, for ₹597 crore. According to the company, the land has the potential to develop up to 2.6 million sq ft of floor area.
Over the past three years, Gurgaon has seen the highest sales value in Delhi NCR, making it a highly attractive market. With limited established local players, Mumbai developers see a clear opportunity to tap into the demand, said Ritesh Mehta, Senior Director and Head (North and West), Residential Services and Developer Initiative at JLL India, a real estate consultancy firm.
For Oberoi Realty, entering the Gurugram market is a strategic move to diversify geographically and establish a presence in a high-growth, premium-driven zone. The city’s evolving buyer profile and robust infrastructure development further enhance its appeal.
In December 2024, Oberoi Realty announced its acquisition of 81 acres of land in the coastal town of Alibaug near Mumbai. The company plans to develop a luxury hotel and branded residence villas as part of the project. Speaking about the project launch, Oberoi stated that it could take place by the end of this year.
“We would try to do it in, maybe the second half of this year also. But here we want to first do the sample villa. We want to do a restaurant, this is the Ritz-Carlton Hotel, and villas. So, we want to do a restaurant managed by Ritz, and then do a show villa, and then call people and all that give them a complete feel and flavour of what they will be buying into,” Oberoi said.
Oberoi Realty has also secured rental deals for space in the Borivali Sky City Mall at a rate of ₹1,000 per sq ft, according to the company. “We have rentals up to Rs1,000 a square foot on carpet area. So, between Rs400 and Rs1,000, it's something like that. So, it all depends on who is coming in, we have got a very nice gold souk, a kind of special area where we have got all the jewellers there. We have got very high-end watches in one segment, so they are very interesting. This is literally one of the best malls I would say in the country, the way it is designed, and the feedback that we get, it's really, really nice. And these are the deals signed at Rs1,000 carpet,” said Vikas Oberoi.
In March 2025, Oberoi Realty held a soft launch for its Sky City Mall in Borivali, marking its second mall in Mumbai after Oberoi Mall in Goregaon East. Sky City Mall, part of the 25-acre mixed-use development named ‘Sky City,’ features a gross leasable area (GLA) of approximately 12.07 lakh sq ft, with a leasable carpet area of around 7.24 lakh sq ft.
Frequently Asked Questions
What is the size range of the apartments in Oberoi Realty's new project in Gurugram?
The apartments in Oberoi Realty's new project in Gurugram will range from 5,000 to 8,000 sq ft.
What is the inspiration behind the new project in Gurugram?
The new project in Gurugram is inspired by Oberoi Realty's flagship development, Three Sixty West, located in Mumbai’s Worli.
When is the new project in Gurugram expected to launch?
The new project in Gurugram is expected to launch in the second half of the current financial year.
How much land did Oberoi Realty acquire in Gurugram for the new project?
Oberoi Realty acquired 14.81 acres of land in Sector 58, Gurugram, for ₹597 crore.
What other projects is Oberoi Realty currently working on?
Oberoi Realty is also developing a luxury hotel and branded residence villas on 81 acres of land in Alibaug near Mumbai, and has secured rental deals for the Borivali Sky City Mall.
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