Oberoi Realty Invests ₹268.5 Cr in Subsidiary Centerstage

Oberoi Realty Limited has invested ₹268.50 Crore in its wholly-owned subsidiary, Centerstage Realty Private Limited. Centerstage was incorporated to undertake a 99-year lease development project for approximately 45,371 sq. mt. of railway land in Bandra East, Mumbai, secured through a bid with the Railway Land Development Authority (RLDA). This investment fulfills the minimum share capital requirement of ₹268.50 Crore for the Special Purpose Vehicle (SPV) that will manage the project.