Property29 Jul 2026, 06:41 pm
Oberoi Realty Signs Malabar Hill Redevelopment Deal
AI Summary
Oberoi Realty Ltd has entered into a Development Agreement for the redevelopment of a 2,430 square meter land parcel in Malabar Hill, Mumbai. The company's free sale component from this redevelopment is estimated to be up to 68,000 square feet (RERA Carpet area), subject to development regulations. This move signifies potential expansion and asset enhancement for the company in a prime location.
Key Highlights
- Development agreement signed for Malabar Hill, Mumbai land.
- Redevelopment project covers 2,430 sq meters.
- Estimated free sale component up to 68,000 sq ft.
- Deal subject to development control regulations.
Price Impact
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