Oberoi Realty Clarifies Court Order on Gurugram Project
Oberoi Realty Ltd has issued a clarification regarding media reports about a Punjab and Haryana High Court order concerning its 'Three Sixty North' project in Gurugram. The court, in a July 7, 2026 order, directed the Director, Town and Country Planning to decide a complaint by July 20, 2026, or within two weeks thereafter. Crucially, the court ordered that no further allotments or third-party rights be created until the complaint is decided. Oberoi Realty stated this order does not impact existing sales or construction and believes it has no adverse material impact on the company's business and operations.
Key Highlights
- Court order restricts new allotments in Gurugram project pending complaint decision.
- Order does not affect existing sales or ongoing construction activities.
- Company believes no adverse material impact on business operations.
- Oberoi Realty will pursue necessary legal actions.
Price Impact
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