Slum Rehabilitation Authority selects Oberoi Realty as developer for land situated in Mumbai

13 Jan 2025 Evaluate
The Slum Rehabilitation Authority, Brihanmumbai, has appointed Oberoi Realty as the developer in respect of the slum rehabilitation scheme for lands admeasuring around 10,300 sq. mtr. situated at Bandra Reclamation, Mumbai. The said Land is owned by Maharashtra Housing and Area Development Authority.

The Company expects to be entitled to a free sale component of around 3.2 lakh sq. ft. (RERA Carpet area) from the development and redevelopment of the said Land, as per the extant provisions of Development Control & Promotion Regulations for Greater Mumbai, 2034.

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

1759.35 42.25 (2.46%)
30-Jan-2025 16:59 View Price Chart
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