Oberoi Realty has executed a Development Agreement for the redevelopment of land measuring approximately ~1,740 square meters located in Malabar Hill, Mumbai. The plan involves cluster development, allowing the company an estimated free sale component of up to ~51,000 square feet (RERA Carpet area). This expansion is subject to the prevailing Development Control Regulations for Greater Mumbai, 2034.
New Development Agreement Finalized
Oberoi Realty Limited announced today, March 31, 2026, that it has entered into a significant Development Agreement concerning real estate development within Mumbai. The agreement pertains to a parcel of land located at Malabar Hill, Mumbai, with a total area measuring approximately ~1,740 square meters.
Cluster Development and Entitlements
The strategy for the said land involves development under a cluster scheme, collaborating with adjoining society/ies. Based on current projections, the Company’s entitlement for the free sale component from this redevelopment is estimated to reach up to ~51,000 square feet, calculated based on RERA Carpet area. This entitlement is strictly governed by the stipulations outlined in the Development Control & Promotion Regulations for Greater Mumbai, 2034, and all applicable laws.
Listing Compliance Disclosure
This information is being disclosed as per regulatory requirements, impacting the company’s equity (Scrip Code: 533273) and debt instruments (Scrip Codes: 976126, 976127, 976128) listed on the BSE, and the stock trading under symbol OBEROIRLTY on the NSE.
Source: BSE
