New Launch31 March 2026 at 01:34 pm
Oberoi Realty Enters Development Agreement for Malabar Hill Land
AI Summary
Oberoi Realty Ltd. has entered into a Development Agreement for the redevelopment of a 1,740 square meter land situated at Malabar Hill, Mumbai. The land, which is proposed to be developed under the cluster development scheme, is expected to yield up to 51,000 square feet of free sale component (RERA Carpet area). This is subject to the provisions of Development Control & Promotion Regulations for Greater Mumbai, 2034 and applicable law.
Key Highlights
- Oberoi Realty has entered into a Development Agreement for a land parcel at Malabar Hill, Mumbai.
- The land, measuring approximately 1,740 square meters, is proposed to be developed under the cluster development scheme.
- The free sale component from the land is estimated to be up to 51,000 square feet (RERA Carpet area).
- The development is subject to the provisions of Development Control & Promotion Regulations for Greater Mumbai, 2034 and applicable law.
- This development could potentially lead to new residential or commercial projects in the Malabar Hill area.