Oberoi Realty

What Oberoi Realty does

Oberoi Realty is a Mumbai-headquartered, publicly listed (NSE: OBEROIRLTY) luxury real estate developer founded in 1998 and led by Chairman and Managing Director Vikas Oberoi. The company develops ultra-luxury and premium residential projects across the Mumbai Metropolitan Region — including Three Sixty West (Worli, partnered with Ritz-Carlton), Oberoi Garden City, Oberoi Sky City, and Oberoi Enigma (Mulund) — and has expanded into Delhi-NCR with the Three Sixty North launch in Gurugram (Rs 6,000 crore commitment across two phases) on June 29, 2026. Beyond residential, the company operates Sky City Mall (10 lakh sq ft retail destination in Borivali, Mumbai) and has entered hospitality through the Rs 460 crore acquisition of a 49.999% stake in Hotel Horizon Private Limited.

The core product is built around integrated luxury developments with branded residences, premium amenities, and large-format land parcels — recent land bank additions include 11 acres in Bandra (Rs 5,400 crore), Tata Steel land in Borivali (Rs 1,200 crore), 1.7 million sq ft of developable area in Versova, and a 17.18 lakh sq ft saleable MHADA development at Aram Nagar, Andheri West. The platform is capital-intensive land aggregation plus EPC execution (L&T secured the Rs 1,000-2,500 crore construction contract for Seven Sixty North's seven residential towers). Technology layer is not differentiated in disclosed materials.

The business model combines one-time residential sales (primary revenue driver — Rs 6,009.06 crore FY26 revenue, up 13.67% YoY) with recurring rental income (e.g., Rs 27.5 lakh/month luxury apartment rents at Three Sixty West) and retail operations. Customer acquisition runs through enterprise field sales targeting UHNIs and HNIs, with limited marketing across brand films, news/PR coverage, and launch events. FY26 pre-sales geographic mix has begun diversifying — Mumbai MMR share dropped to 32% in FY26 from 55% in FY21 as Three Sixty North and other projects ramp. The company is capitalized to fund pipeline via a Rs 4,000 crore NCD program on top of operating cash flow.

Name

Oberoi Realty

Legal name

Oberoi Realty Limited

Website

https://oberoirealty.com

Company type

Public

Founded year

1998

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Oberoi Realty is a Mumbai-headquartered, publicly listed Indian luxury real estate developer building ultra-luxury residential and branded-residence projects (including Ritz-Carlton-partnered Three Sixty West) targeting UHNIs and HNIs across Mumbai MMR and Delhi-NCR.

Ownership category

akta.pro rank

Product category

Luxury Residential Real Estate

SIC

Real Estate Dealers (For Their Own Account) (6532), Investors, Nec (6799)

akta.pro primary industry

Villas & Luxury Estates (THAMAAAC)

akta.pro secondary industries

Ultra-Luxury Villas & Estates (THAMAEAA), Luxury Serviced Residences (THAGAEAJ), Luxury Villa Resorts & Branded Villa Communities (THAMAEAI)

Keywords

• Luxury residential real estate
• Ultra-luxury apartments
• Branded residences
• Integrated township development
• Society redevelopment projects

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Residential Property Sales: Primary revenue stream from sale of luxury and ultra-luxury residential apartments, villas, and penthouses across Mumbai Metropolitan Region and newly entered Delhi-NCR market. Revenue from project completions and handover.
2. Rental Income: Revenue from leased luxury apartments in projects like Three Sixty West in Worli, Mumbai. Example: Rs 27.5 lakh monthly rental for luxury apartments in Three Sixty West.
3. Retail Mall Operations: Revenue from Sky City Mall, a 10 lakh sq ft retail destination in Mumbai, generating footfall and rental income from retail tenants.
4. Capital Raise via NCDs: Board approved raising up to Rs 4,000 crore through non-convertible debentures on a private placement basis for project funding.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Oberoi Realty develops and sells luxury and ultra-luxury residential apartments, villas, and penthouses across the Mumbai Metropolitan Region and, through Three Sixty North, in Delhi-NCR (Gurugram). The company also operates Sky City Mall, a 10 lakh sq ft retail destination in Borivali, and executes society redevelopment projects in prime South Mumbai and Andheri West locations. Residential units range from Rs 18 crore to Rs 100+ crore depending on project, with branded-residence offerings in partnership with The Ritz-Carlton.

Product overview

Oberoi Realty is a Mumbai-based luxury real estate developer operating a portfolio of residential and retail projects across India. The company's product portfolio includes ultra-luxury residential developments such as Three Sixty West (Worli, Mumbai - Ritz-Carlton branded) and Three Sixty North (Gurugram - new NCR entry), premium residential projects like Oberoi Garden City, Oberoi Sky City, and Oberoi Enigma, as well as retail properties including Sky City Mall in Borivali. Recent projects include society redevelopments in South Mumbai (Peddar Road) and development agreements in Versova and Andheri West. The company is expanding geographically with its first project outside Mumbai Metropolitan Region in Gurugram's Delhi-NCR market.

Differentiator

Problem solved

Functional benefit

Brands

• Three Sixty West: Luxury mixed-use residential development in Mumbai's Worli area, managed in partnership with The Ritz-Carlton
• Three Sixty North
• Sky City Mall
• Elysian Towers
• Sky City Tower H and E

Products and services

• Three Sixty North Ultra-luxury residential project in Gurugram's Sector 58 on Golf Course Extension Road. Phase 1 consists of 832 units across six towers with residences ranging from 5,500 to 13,000+ sq ft, priced from Rs 18 crore to Rs 60 crore; total project investment of Rs 6,000 crore across two phases. Aimed at UHNI and HNI buyers.
• Three Sixty West Luxury mixed-use residential development in Worli, Mumbai with Ritz-Carlton-branded residences. Ultra-luxury units priced at Rs 100 crore and above; commands record monthly rentals of Rs 27.5 lakh on leased inventory.
• Oberoi Garden City Large-scale integrated residential development in Mumbai by Oberoi Realty, recognized as one of the company's landmark projects that helped establish its luxury brand in the city.
• Oberoi Sky City Premium residential project by Oberoi Realty in Mumbai, part of the company's core integrated development portfolio.
• Oberoi Enigma

Quantifiable outcome

• Rs 5,447 crore gross bookings in FY26, up 3.14% YoY
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered minor and core.

• Ireo GroupminorStrategic or Co-development Partner · 29 June 2026Three Sixty North Gurugram project built on land previously developed by Ireo Group in Sector 58, Golf Course Extension Road, Gurugram.
• Hotel Horizon Private LimitedminorStrategic or Co-development Partner · 8 May 2026Oberoi Realty completed implementation of resolution plan for Hotel Horizon Private Limited on May 7, acquiring 49.999% stake through Rs 460 crore equity and loan infusion as part of consortium-led acquisition.
• Larsen & Toubro (L&T)coreImplementation/ SI/ Consulting Partner · 23 April 2026L&T secured contract from Oberoi Realty to construct seven high-rise residential towers in Gurugram for the Three Sixty North project. Contract scope includes RCC shell and core construction, earthworks, and piling, classified as 'significant' order in Rs 1,000-2,500 crore range. L&T's Buildings & Factories vertical executes the project.
• Nirmal Lifestyle RealtycoreStrategic or Co-development Partner · 12 April 2026NCLT Mumbai bench approved merger of Nirmal Lifestyle Realty with Oberoi Realty under Sections 230-232 of Companies Act 2013. Nirmal Lifestyle Realty dissolved as wholly owned subsidiary without winding up. No fresh shares issued as consideration. Aims to simplify group structure and improve operational efficiencies.
• MHADA (Maharashtra Housing and Area Development Authority)coreStrategic or Co-development Partner · 17 March 2026Oberoi Realty entered development agreement with MHADA for Aram Nagar redevelopment in Andheri West, Mumbai. Project expected to generate approximately 17.18 lakh square feet of saleable area, pending statutory approvals.
• The Ritz-CarltoncoreStrategic or Co-development PartnerThree Sixty West luxury mixed-use development in Worli, Mumbai is managed in partnership with The Ritz-Carlton. Residences are occupied and managed under this hospitality partnership, providing branded luxury living experience unique in Mumbai market.
• Railway Land Development AuthoritycoreStrategic or Co-development PartnerOberoi Realty acquired 11 acres of Railway land in Bandra for Rs 5,400 crore from Railway Land Development Authority for future development.
• Tata SteelminorStrategic or Co-development PartnerPurchased land from Tata Steel in Borivali for Rs 1,200 crore for development purposes.

Scale indicators15 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Macrotech Developers (Lodha): Macrotech Developers (Lodha Group) is India's largest listed real estate developer with a significant luxury and premium residential portfolio concentrated in Mumbai MMR, including marquee projects like Lodha Malabar, Lodha World Towers, and Trump Tower Mumbai — directly comparable in target market, product category, and luxury positioning to Oberoi Realty.
• DLF Limited: DLF is India's largest real estate developer by market presence, with a substantial luxury and ultra-luxury residential portfolio including The Camellias and The Aralias in Gurugram, directly competing with Oberoi's Three Sixty North launch and serving the same HNI/UHNI buyer segment across Delhi-NCR and Mumbai.
• Godrej Properties: Godrej Properties is a major listed Indian developer with a strong luxury and premium residential portfolio across Mumbai (e.g., Godrej Two Trees), Delhi-NCR, and other metros, targeting similar HNI buyer segments with branded luxury residences.
• Prestige Group: Prestige Group is a leading South India-based listed developer with luxury residential, retail, and hospitality projects (e.g., Prestige Golfshire, One Bangalore Residences) under the same luxury brand and integrated development model as Oberoi Realty.
• Brigade Enterprises: Brigade Enterprises is a listed Indian developer operating luxury and premium residential, commercial, and retail developments across Bangalore, Chennai, and Hyderabad, with comparable integrated mixed-use developments and hospitality partnerships.
• Sobha Limited: Sobha Limited is a listed Indian real estate developer known for premium and luxury residential projects (Sobha Indraprastha, Sobha Hartland) across Bangalore, Gurugram NCR, and other metros, competing directly with Oberoi in the premium residential category.
• Mahindra Lifespace Developers: Mahindra Lifespace is a listed Indian developer (Mahindra Group) operating premium residential projects across Mumbai, Delhi-NCR, Bangalore, and Chennai, with comparable luxury positioning and integrated community developments.
• Hiranandani Group: Hiranandani Group is a prominent Mumbai-focused luxury and township developer with projects like Hiranandani Gardens in Powai and Hiranandani Estate in Thane, directly comparable to Oberoi's Mumbai luxury residential portfolio and integrated mixed-use model.
• Shapoorji Pallonji Real Estate: Shapoorji Pallonji Real Estate operates luxury residential projects across Mumbai (e.g., The Palladians in Dadar) and other Indian metros, competing with Oberoi in the same HNI luxury segment with branded premium developments.

Broad incumbents

• Tata Housing Development Company: Tata Housing is a Tata Group-backed developer with premium and luxury residential projects across India, serving the same HNI buyer base with the added advantage of Tata's diversified conglomerate brand — a broad incumbent competing with Oberoi across multiple cities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Customer concentration

• Xx.com/oberoirealty
• YouTubeyoutube.com/channel/UC4ZJoaZs6xJGm8YLJrDzqJQ
• Facebookfacebook.com/oberoirealtyofficial
• LinkedInlinkedin.com/company/oberoi-realty
• Instagraminstagram.com/oberoirealty

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oberoi Realty