Oberoi Realty has entered into a Development Agreement for the redevelopment of land admeasuring 4,706 square meters on Nepean Sea Road, Mumbai. The project’s free sale component is estimated to be around 1.18 lakh square feet (RERA Carpet area). This development aligns with the company’s strategy to expand its presence in prime locations and cater to the luxury residential market.
Nepean Sea Road Project
Oberoi Realty has finalized a Development Agreement concerning a prime property located on Nepean Sea Road in Mumbai. The land parcel, covering approximately 4,706 square meters, is slated for redevelopment, marking a significant addition to the company’s portfolio.
Projected Saleable Area
The project is expected to yield a free sale component of around 1.18 lakh square feet based on RERA Carpet area. This calculation remains subject to the provisions of the Development Control & Promotion Regulations for Greater Mumbai, 2034, and other applicable laws. The agreement, announced on November 26, 2025, signifies Oberoi Realty’s continued focus on luxury developments in strategic locations.
Source: BSE