Joint Venture11 Feb 2026, 09:08 am
Oberoi Realty Ltd's Joint Venture, I-Ven Realty Limited, Signs Hotel and Residences Agreements with Aman Group SARL
AI Summary
Oberoi Realty Ltd's joint venture, I-Ven Realty Limited, has signed a Hotel Management Agreement (HMA) and a Residences Branding and Marketing Agreement (RBMA) with Aman Group SARL. I-Ven Realty Limited holds leasehold rights for a land parcel in Mumbai, where it plans to develop a hotel and residential real estate. The HMA allows Aman to manage and operate the hotel under the 'Aman' brand for an initial term of 25 years, with an automatic extension of 10 years. The RBMA enables the residences to be developed, marketed, and sold using the licensed Aman marks and managed under the 'Aman' brand for the same tenure.
Key Highlights
- Oberoi Realty Ltd's joint venture, I-Ven Realty Limited, signs HMA and RBMA with Aman Group SARL
- The hotel will be managed and operated by Aman for an initial term of 25 years with a possible 10-year extension
- Residences will be developed, marketed, and sold using the licensed Aman marks and managed under the 'Aman' brand for the same tenure
- The land parcel is located in Mumbai and measures approximately 4 acres
- The hotel is expected to be operational by August 31, 2032