Oberoi Realty Ventures Into the National Capital Region, Acquires 14.81 Acres of Land in Gurugram for Rs 597 Crore

Oberoi Realty Ventures Into the National Capital Region, Acquires 14.81 Acres of Land in Gurugram for Rs 597 Crore

Oberoi Realty’s groundbreaking Rs. 597 crore investment in Gurugram for providing luxury living in the National Capital Region

Oberoi Realty has set its sights on transforming the real estate landscape of Gurugram by finalising a deal to acquire approximately 14.816 acres of prime land in Sector 58. The transaction, valued at up to Rs. 597 crore, is structured with a unique event/time-linked monetary consideration.

The realty giant, through an agreement with Ire Residences Company and others, promises to build a luxury residential group housing project on this land. This marks Oberoi Realty’s maiden venture into the National Capital Region (NCR), signifying a strategic expansion for the company.

With an eye on the future, the project is estimated to reach up to 2.6 million sq. ft. of floor area ratio. The company plans to allocate a certain area in the project for existing homeowners, ensuring an inclusive approach.

As of September 30, 2023, Oberoi Realty has a net worth of Rs. 12,842.11 crore. The debt–equity ratio is a commendable 0.26, highlighting the company’s financial prudence. The current liability ratio stands at 0.45, total debts-to-total assets at 0.18, operating margin at an impressive 52.42%, and a net profit margin of 36.72%. With this acquisition, the company wishes to expand its portfolio in the luxury living space.