Realty developer Oberoi Realty has recently entered into an agreement to spearhead the development and revitalization of a significant housing complex sprawling across a prime 3.2-acre plot in the Adarsh Nagar area of central Mumbai’s affluent Worli neighborhood.
The land under lease to the Maharashtra Housing and Area Development Authority (MHADA), currently accommodates seven residential buildings comprising 504 apartments.
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The listed company anticipates generating approximately 6.24 Lakh-SqFt of RERA carpet area for free sale through the development and redevelopment of the aforementioned land, following the prevailing provisions of the Development Control & Promotion Regulations (DCPR) for Greater Mumbai, 2034.
Oberoi Realty has completed 43 projects in Mumbai, encompassing premium developments across residential, office space, retail, hospitality, and social infrastructure sectors.
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