Oberoi Realty's Bold Move: High-End Luxury Project in Gurugram
Vikas Oberoi, CMD of Oberoi Realty, remains optimistic about the Gurugram real estate market, despite concerns about saturation. The company is set to launch a high-end luxury project in the city, featuring apartments ranging from 5,000 to 8,000 sq ft.
Gurugram Real EstateOberoi RealtyLuxury ProjectHighend ApartmentsReal Estate MarketReal Estate MumbaiJul 30, 2025
Oberoi Realty has all the necessary permissions for its first project in Gurugram and is gearing up for the launch. When asked about the demand for the Gurugram project compared to their successful Mumbai project, Three Sixty West, Oberoi remained optimistic. 'If the story of Gurugram is completely over, then I cannot say anything, I mean, if you say so. But otherwise, I mean, I'm just saying that it is like any other day. We are in our comfort zone, and we will build quality, and I'm sure we'll do it,' he stated.
The company has already started the demolition work at the site and has established its office in Gurugram. 'We are formally and physically present there. Design work is complete. Contracts have been negotiated, ready to be issued—almost likely issued. So, all ready to roll now. And yes, the entire approval process is also complete. Today, we have the license in our name, and the land is in our name. So, the title for the entire property is clear,' Oberoi shared during the call.
Oberoi Realty is known for its stringent evaluation process, reviewing more than 1,000 land proposals every year. 'We have stringent conditions through which we take every proposal. It has to meet all criteria. Once they do that, then we are most happy to go ahead and close the deal,' Oberoi explained. Currently, the company is focusing on Mumbai and NCR. 'We are in no hurry, and we want to establish our sales in Gurugram and then look at something new. And Mumbai, we continue to look at all the good suburbs where you do not have to push a product. There is a pull factor with location, with the quality of the product we make, and then buyers come in. We don't want to go into weak locations,' he added.
In April 2025, Oberoi announced the company's plans to develop a high-end luxury project in Gurugram, featuring apartments ranging from 5,000 to 8,000 sq ft. In November 2023, Oberoi Realty acquired 14.81 acres of land in Sector 58, Gurugram, Haryana, for ₹597 crore. The land has the potential to develop up to 2.6 million sq ft of floor area. 'It is very similar to what we are doing, maybe a smaller version of Three Sixty West. It's high-end, high-quality, and it's very well designed,' Oberoi had said.
Frequently Asked Questions
What is Oberoi Realty's first project in Gurugram?
Oberoi Realty's first project in Gurugram is a high-end luxury project featuring apartments ranging from 5,000 to 8,000 sq ft.
How much land did Oberoi Realty acquire in Gurugram?
Oberoi Realty acquired 14.81 acres of land in Sector 58, Gurugram, Haryana, for ₹597 crore.
What is the potential floor area of the acquired land in Gurugram?
The acquired land in Gurugram has the potential to develop up to 2.6 million sq ft of floor area.
How does the Gurugram project compare to Oberoi Realty's Three Sixty West project in Mumbai?
The Gurugram project is described as a high-end, high-quality, and well-designed project, similar to a smaller version of the Three Sixty West project in Mumbai.
What is Oberoi Realty's focus in the real estate market?
Oberoi Realty is currently focusing on Mumbai and NCR, with a particular emphasis on high-quality projects in strong locations.
Related News Articles
Pune's Commercial Real Estate Boom: A Thriving Metropolis in 2024
Pune's commercial real estate sector is thriving in 2024
Hyderabad's Real Estate Boom: A Promising Future Amidst Challenges
Hyderabad's real estate market is witnessing unprecedented growth, driven by government initiatives and strategic expansions. However, the city faces significant challenges in managing traffic congestion and environmental pollution.
Buying Sovereign Gold Bonds from the Stock Market: A Step-by-Step Guide
Investors can now buy Sovereign Gold Bonds from the secondary market, i.e. the stock exchanges. Here's a 4-point guide to help you invest in SGBs.
Donald Trump Tops the List of Most Influential Billionaires on Instagram
Donald Trump leads the pack of influential billionaires on Instagram, followed by Oprah Winfrey and Mark Zuckerberg. Gautam Adani also makes it to the list.
Godrej Properties Aims to Build ₹9,650 Crore Worth of Housing Projects
Godrej Properties plans to invest ₹9,650 crore in new housing projects, driven by robust market demand and a strategic expansion plan.
Woman and Two Others Extort Rs 36.89 Lakh from 60-Year-Old Real Estate Executive in Mumbai
According to police sources, the 60-year-old man, who works for a prominent real estate company in Mumbai, was in touch with the accused woman for several months. The woman and her accomplices used threats and blackmail to extort a total of Rs 36.89 lakh