Oberoi Realty to Launch Mega Project in Mumbai's Worli Area
Oberoi Realty plans to develop a massive 1.8 million sq. ft. project in Worli, Mumbai, featuring a mall, hotel, and commercial office space.
Oberoi RealtyMumbaiWorliReal EstateCommercial ProjectReal Estate MumbaiAug 28, 2024
The developer plans to start work on the project within the next two quarters. The project will include a mall spanning between six and seven lakh sq. ft., a small hotel on 80,000 to one lakh sq. ft. area, and the remaining space will be dedicated to office use.
In addition to this project, Oberoi Realty also plans to launch a project in Pokhran Road, Thane, as well as two towers in Borivali and Goregaon.
Interestingly, the Worli plot was sold by Glaxosmithkline Pharmaceuticals to I-Ven Realty, a joint venture between ICICI Venture Funds Management Company and Oberoi Constructions, for over Rs 107 crore in 2013.
About Oberoi Realty Oberoi Realty is a leading real estate developer in India, known for its high-quality residential and commercial projects. The company has a strong presence in Mumbai and is committed to delivering exceptional projects that meet the evolving needs of its customers.
Information Mumbai's real estate market has witnessed significant growth in recent years, driven by increasing demand for residential and commercial spaces. The city's infrastructure development, including the expansion of the metro network and improved connectivity, has made it an attractive destination for investors and developers.
Keywords Oberoi Realty, Mumbai, Worli, Real Estate, Commercial Project, Mall, Hotel, Office Space
FAQs
Q What is the size of the project that Oberoi Realty plans to launch in Worli, Mumbai?
A The project spans over 1.8 million sq. ft.
Q What components will the project comprise?
A The project will include a mall, a hotel, and a commercial office space.
Q When is the developer expected to start work on the project?
A The developer plans to start work within the next two quarters.
Q What other projects is Oberoi Realty planning to launch?
A The company plans to launch a project in Pokhran Road, Thane, as well as two towers in Borivali and Goregaon.
Q Who sold the Worli plot to I-Ven Realty in 2013?
A Glaxosmithkline Pharmaceuticals sold the plot for over Rs 107 crore.
Frequently Asked Questions
What is the size of the project that Oberoi Realty plans to launch in Worli, Mumbai?
The project spans over 1.8 million sq. ft.
What components will the project comprise?
The project will include a mall, a hotel, and a commercial office space.
When is the developer expected to start work on the project?
The developer plans to start work within the next two quarters.
What other projects is Oberoi Realty planning to launch?
The company plans to launch a project in Pokhran Road, Thane, as well as two towers in Borivali and Goregaon.
Who sold the Worli plot to I-Ven Realty in 2013?
Glaxosmithkline Pharmaceuticals sold the plot for over Rs 107 crore.
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