Legal17 Sept 2026, 08:20 pm
Oberoi Realty: High Court Continues Allotment Ban on Gurugram Project
AI Summary
Oberoi Realty Ltd has provided an update on its 'Three Sixty North' project in Gurugram. The Hon'ble Punjab and Haryana High Court, in an interim order dated September 16, 2026, has directed that the restriction on making further allotments will continue until the next hearing. This order is a continuation of a previous directive from July 7, 2026, which was temporarily lifted on August 13, 2026. The next hearing is scheduled for September 25, 2026. The company has already allotted approximately 13.16 lakh sq. ft. of RERA carpet area (22.51 lakh sq. ft. saleable area) for ₹7,891 crore, and this interim order does not affect these existing allotments or the ongoing construction.
Key Highlights
- High Court continues interim order restricting new allotments in Gurugram project.
- Order remains in effect until the next hearing on September 25, 2026.
- Existing allotments and construction activities are not impacted.
- Company believes no material adverse impact on business operations.
Price Impact
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