New Launch16 Mar 2026, 09:21 pm
Oberoi Realty Inks Development Agreement with MHADA for 17.18 Lakh Sq Ft Project in Mumbai
AI Summary
Oberoi Realty Ltd. has signed a development agreement with Maharashtra Housing and Area Development Authority (MHADA) for lands located at Aram Nagar, Versova, Andheri West, Mumbai. The Company anticipates its share of the free sale component to be approximately 17.18 lakh square feet (RERA carpet area) from the development of the Project Land. This excludes its share of the rehab component for existing tenants, subject to statutory approvals and applicable regulations.
Key Highlights
- Oberoi Realty has entered into a development agreement with MHADA for lands at Aram Nagar, Versova, Andheri West, Mumbai.
- The Company's share of the free sale component is expected to be around 17.18 lakh square feet (RERA carpet area).
- The project land development is subject to statutory approvals and applicable regulations.
- The development includes a rehab component for existing tenants.