Mumbai-based listed developer Oberoi Realty is set to make its debut in the Delhi-NCR market with a high-end residential project in Gurugram, slated for launch within the current financial year. Chairman and Managing Director Vikas Oberoi said most approvals are already in place, and the company expects to unveil the project before the fiscal-end.

The development, located on a 14.81-acre land parcel in Sector 58, will feature luxury apartments ranging from 5,000 to 8,000 sq ft, designed along the lines of Oberoi’s flagship Three Sixty West project in Mumbai. “It’s high-end, high-quality, and very well designed,” Oberoi said, noting that demand for the project is already strong even before RERA registration, according to a Hindustan Times report.

“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 said during the call.

According to Oberoi, the company has already begun demolishing the existing building. “Hopefully, by early January, we will have our plans in place, including RERA, if possible,” he said.

“I want to just tell you if not for RERA, we have not even firstly advertised (Gurugram project). If not for RERA, I would have collected cheques for both these projects. The kind of demand I see, people are already approaching us and telling us, whenever you open you, let me know, can I pay you now? And I say, no, we cannot because RERA does not permit you to do so. But I will just sum it up by saying this that if there was no RERA we would have like already collected a lot of cheques. So great demand,” he said.

In April 2025, Vikas Oberoi announced that the company would develop a high-end luxury project in Gurugram, featuring apartments ranging from 5,000 to 8,000 square feet.

“It is very similar to what we are doing, maybe a smaller version of Three Sixty West. It’s high-end, high-quality, and it’s very well designed,” Oberoi had said.

In November 2023, the company announced the acquisition of 14.81 acres of land in Sector 58, Gurugram, Haryana, for ₹597 crore. According to the company, the land has the potential to develop up to 2.6 million sq ft of floor area.

Speaking about the launch pipeline for the second half of the current financial year, Oberoi said that several projects are lined up, while the company continues to closely monitor market conditions.

“Gurugram will come in, Worli can come in. There are a few other redevelopment projects that we have signed that will come in. We have one more tower to be launched in Borivali, that can come in. We can launch a new tower in Thane. So there is so much more, we just want to time it correctly. We have a tower in Goregaon, we haven’t launched. There are so many, and we are also watching the market,” Oberoi said.

Speaking about Oberoi Realty’s Sky City project in Mumbai’s Borivali, where apartments have been sold at prices exceeding ₹50,000 per sq ft, including one purchased by Bollywood actor Akshay Kumar, Oberoi said the project has surpassed the company’s own expectations.