Oberoi Realty Project 'Three Sixty North' Licence Intact
Oberoi Realty Ltd has received a significant update regarding its 'Three Sixty North, Gurugram' project. The Director, Town and Country Planning Haryana (DTCP), in compliance with a Punjab and Haryana High Court order, has rejected a representation by Advance India Projects Limited (AIPL) seeking cancellation of Oberoi Realty's development licence. The DTCP order dated August 13, 2026, confirms that Licence No. 69 of 2025 and the approval for change of developer in favour of Oberoi Realty are legally sound. Consequently, the restriction imposed by the High Court on further allotments and third-party rights has ceased to be operative. This development is not expected to have any adverse material impact on the company's business and operations.
Key Highlights
- DTCP rejects AIPL's plea to cancel Oberoi Realty's project licence.
- Development licence and change of developer approval remain legally intact.
- Court-imposed restrictions on new allotments are now lifted.
- No adverse material impact on Oberoi Realty's business operations.
- Project 'Three Sixty North, Gurugram' development can proceed.
Price Impact
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