Oberoi Realty inks pact for redevelopment project in Mumbai
The company’s entitlement of free sale component from the project is estimated to be upto 1.40 lakh square feet
Oberoi Realty has entered into a development agreement with two adjacent housing societies situated at M.L. Dahanukar Marg, and Dr. G. Deskhmukh Marg, Peddar Road, Mumbai for redevelopment of lands admeasuring in aggregate around 4,800 square meters (subject to set-back areas).
The company’s entitlement of free sale component from the project is estimated to be upto 1.40 lakh square feet (RERA Carpet area), subject to the provisions of Development Control & Promotion Regulations for Greater Mumbai, 2034 and applicable law.
Oberoi Realty is engaged in construction and real estate development, and hospitality. The company’s segments include real estate and hospitality.
