Mumbai-based, listed real estate developer Oberoi Realty has announced that it will redevelop a land parcel measuring 4,706 sq m in South Mumbai’s Nepean Sea Road.

The company has entered into a Development Agreement for the project, and its entitlement to the free-sale component is currently estimated at approximately 1.18 lakh sq ft (RERA carpet area), subject to the Development Control and Promotion Regulations for Greater Mumbai, 2034, and applicable laws, according to a report by The Hindustan Times.

Oberoi Realty in May 2025, had announced the launch of Elysian Tower D at Oberoi Garden City in the Goregaon area of Mumbai.

The project has registered a gross booking value of ₹970 crore for 2.1 lakh sq ft (RERA carpet area), with a total saleable area of 3.25 lakh sq ft, it stated in a regulatory filing.

In July 2024, Oberoi Realty announced that it had entered into an agreement to develop and redevelop a land measuring approximately 2576 sq m located at Carter Road, Bandra (West) in Mumbai.

“The Company expects to currently generate a free sale component of around 40,000 square feet (RERA Carpet area) from the development and redevelopment of the said Land, as per the extant provisions of Development Control & Promotion Regulations for Greater Mumbai, 2034,” the company had said in a regulatory filing.

Oberoi Realty in October had said that it plans to launch its first project in Delhi-NCR’s Gurugram within the current financial year. Chairman and Managing Director Vikas Oberoi stated that most approvals for the project are already in place, and the company anticipates launching it before the end of the fiscal year.

“We have opened our office in Gurugram, which shows our expansion plans for NCR are in place,” Oberoi had said while speaking during the Q2 FY25 earnings conference call.

“On the Gurugram front, you will be happy to know that we have also loaded the entire TDR on the file. So, 100% of this area will be approved at one go. And we are hoping, we are really, really hoping to launch it within this financial year itself,” Oberoi had said during the call.