Oberoi Realty to Enter Gurugram before FY-End

Oberoi Realty, one of India’s most trusted and premium developers, is preparing to make its first move into the Delhi-NCR property market. The Mumbai-based company, led by Chairman and Managing Director Vikas Oberoi, plans to launch its first project in Gurugram before the end of the current financial year.

This is a major milestone for Oberoi Realty because, until now, the developer has focused mainly on high-end projects in Mumbai. With Gurugram’s growing demand for luxury homes, the company sees a great opportunity to expand its footprint and connect with a new group of homebuyers and investors. Know more

About Oberoi Realty

Oberoi Realty is a listed real estate company known for creating high-quality and luxury residential projects in Mumbai. Some of its well-known developments include Oberoi Exquisite, Oberoi Sky City, and Three Sixty West.

The company is respected for its design standards, timely delivery, and customer-focused approach. By entering Gurugram, Oberoi Realty aims to bring the same level of trust and quality to North India’s fast-growing real estate market.

Details of the Gurugram Project

Oberoi Realty’s first project in NCR will be developed on a 14.81-acre land parcel in Sector 58, Gurugram. The company purchased this land in November 2023 for ₹597 crore. The site has the potential to develop around 2.6 million square feet of floor area.

According to Vikas Oberoi, the project will feature large luxury apartments ranging from 5,000 to 8,000 square feet. He mentioned that it would be “similar to our Three Sixty West project in Mumbai, but a smaller version.” The focus will be on high-end design, comfort, and top-quality construction materials.

This development will target ultra-luxury homebuyers and high-net-worth individuals who prefer spacious homes in prime Gurugram locations.

Approvals and Current Status

During the company’s Q2 FY25 earnings call, Vikas Oberoi confirmed that most approvals are already in place for the project. He said the company has loaded the entire TDR (Transferable Development Rights) on the project file, meaning the entire area can be approved in one go.

The existing building on the site is being demolished, and the team is now working toward finalizing plans and securing RERA approval by January 2026.

Once the approvals are received, the company will begin the official project launch, which is expected before the end of the current fiscal year.

Strong Demand Before Launch

Even before the project has been advertised, buyer demand is already high. Vikas Oberoi mentioned that many interested buyers have approached the company asking to book units in advance. However, due to RERA regulations, the company cannot accept payments or bookings until the registration process is complete.

Oberoi explained, “If not for RERA rules, we would have already received cheques from many interested clients.” This early demand shows the strong confidence buyers have in the Oberoi brand and the market potential of Gurugram’s luxury segment.

Strategic Importance of the Gurugram Launch

The Gurugram project marks Oberoi Realty’s first venture outside Mumbai, showing a clear plan to diversify geographically and capture new growth opportunities.

By entering Gurugram, the company is stepping into India’s most active luxury housing market, where several top developers like DLF, M3M, and Godrej are already competing. The move also aligns with the company’s long-term strategy to build a national presence.

Oberoi Realty has also opened a dedicated office in Gurugram, which confirms that this is not a one-time project but the start of a broader expansion plan in North India.

What Investors and Buyers Should Know

For investors, Oberoi Realty’s entry into Gurugram could mean new opportunities in premium property investments. The brand’s strong reputation for quality and transparency adds trust, which is important in the luxury segment.

For end-users, this launch brings a new benchmark in high-end living. Buyers can expect spacious apartments, luxury amenities, and long-term value appreciation in a location that continues to grow as a business and residential hub.

The project’s location in Sector 58 places it close to Golf Course Road and Golf Course Extension Road, which are among the most premium areas in the city.

Expected Timeline

• Demolition work: Ongoing
• Final project plans: By January 2026
• RERA approval: Expected early next year
• Official launch: Before the end of FY25 (by March 2026)

Once approvals are completed, marketing and sales are expected to start quickly, given the strong pre-launch interest.

Conclusion

Oberoi Realty’s move into Gurugram is one of the most awaited developments in India’s real estate market this year. With approvals almost ready and strong buyer interest, the project is likely to set new standards in luxury housing for NCR. For investors and buyers, this launch represents a rare chance to invest in a trusted brand’s first project in Gurugram, a market that continues to show strong growth potential. Oberoi Realty’s entry reinforces Gurugram’s reputation as a preferred destination for luxury real estate in India.