Oberoi Realty is one of the premier real estate developers in the country based in Mumbai.
Image: company site
Its interests lie in developing residential, hospitality, retail, office and infrastructure properties in Mumbai. It has completed over 38 projects that aggregate to around 9.16 million sq. feet of spaces across Mumbai. It also has aggressive plans for its growth in future with another 20.61 million sq. feet in the construction and planning phase across Mumbai and other regions.
The company is led by Vikas Oberoi, one of the richest billionaires in India. It was incorporated as Oberoi constructions in early 1980s by his father. He took over the company in 1997 and led the company in growth route by developing several residential and commercial projects. He presently has 75% stake in the Oberoi Realty. Morgan Stanley’s real estate arm invested $152 million for a 10% stake in the company recently. Oberoi Realty Limited has been listed on the Bombay Stock Exchange in 2010.
Oberoi Realty has been a part of developing several prestigious projects in the real state sector in India. Oberoi Garden City which is an 80-acre complex stands as a showpiece for the company. The second tallest tower in India, Oasis Tower, was also developed by Oberoi Realty.
Oberoi Foundation, a social initiative by Oberoi Realty was started in 2006. It focuses on promoting education and medical facilities through different programs. Oberoi International School is also an initiative of the company. Oberoi International School is also an initiative taken by the Oberoi Foundation.