Mumbai-based Oberoi Realty has acquired an anticipated 14.81 Acres of land in Gurugram, Haryana, for an estimated INR 597 Crore. The land parcel, located in Sector 58 near the Southern Peripheral Road (SPR), is surrounded by luxury residential projects.
Oberoi Realty purchased this land from a consortium, including Delhi NCR-based developer Ireo Residences and other firms. The developer plans to construct a luxury group housing project on this land. The development potential of the project is estimated to be around 2.6 Million-SqFt.
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Furthermore, it underscores the company’s commitment to enhancing its luxury housing portfolio. The prime location of the land adds substantial value, positioning Oberoi Realty to strengthen its presence in the luxury real estate market.
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