Oberoi Realty enters into agreement to develop, redevelop Mumbai’s Tardeo area

28 Sep 2023 Evaluate

Oberoi Realty has entered into development agreement for development and redevelopment of land admeasuring approximately 13,450 square meters, situate at Tardeo, Mumbai City (said Land).

The said Land is adjoining a property already being redeveloped by the Company in joint venture. Currently, there are structures on the said Land which are tenanted by Municipal Corporation of Greater Mumbai in favour of various persons. The Company expects to generate a free sale component of around 2.5 lakh square feet (on carpet area) from the development and redevelopment of the said Land, as per the extent provisions of Development Control & Promotion Regulations for Greater Mumbai, 2023. 

Oberoi Realty is engaged in construction and real estate development, and hospitality. The company’s segments include real estate and hospitality.

Oberoi Realty Share Price

1580.60 -36.60 (-2.26%)
21-Feb-2025 16:59 View Price Chart
Peers
Company Name CMP
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