Vikas Oberoi: Oberoi Realty to actively pursue redevelopment business

19 May 2021 CW Team

Vikas Oberoi, Chairman of Mumbai based developer, Oberoi Realty, plans to redevelop residential buildings in the coming quarters.

Vikas told the analysts in a call that they have hired and are hiring people for redevelopment business, and their key responsibility area (KRA) will be to identify and pursue such opportunities.

He told the media that the company is open to the redevelopment of large residential societies and doing joint development.

Oberoi Realty was one of the bidders for the Chhatrapati Shivaji Maharaj Terminal redevelopment project. Vikas told the media that under the current circumstances, the company is looking to buy land aggressively.

According to Vikas, this is the best time to buy land. He cited that as the coffers of most land developers are empty, it is the best time to purchase land.

He added that the nation is under-built in terms of real estate and including Oberoi Realty, very few of them will build it due to strong balance sheet, capabilities and brand name.

He said that the April and May months of the current year look like washouts and that they will have a large share of the market. He added that once the lockdown opens up, they would come to know how the momentum picks up.

Image Source

Also read: Century Real Estate raises Rs 175 cr for luxury housing project

Also read: Oberoi ties up with EESL for energy initiatives across properties

Infrastructure Urban

11 Sep 2025

BEST Expands Fleet with 17 New E-Buses, Launches Coastal Road Service

The Brihanmumbai Electric Supply and Transport (BEST) Undertaking has added 17 new 12-metre electric buses to its fleet, enhancing services across Mumbai. Some of these buses will operate on the newly launched AC route A-84, connecting Oshiwara Depot to Dr Shyamaprasad Mukherji Chowk (Museum) via the Coastal Road.The new buses, manufactured by Nagpur-based Mumbadevi Mobility Private Limited, were inaugurated at the Colaba depot by IAS officer Asheesh Sharma, BEST’s acting general manager. The Coastal Road route will include four new stops between Worli and Marine Drive.Equipped with modern a..

Tata Power and Tata Motors Launch Mega EV Charging Hub in MumbaI

On the occasion of World EV Day, Tata Power and Tata Passenger Electric Mobility inaugurated India’s largest TATA.ev MegaCharger hub, located near Terminal 2 of Chhatrapati Shivaji Maharaj International Airport, within The Leela Mumbai Hotel premises.The facility is equipped with eight fast DC chargers of up to 120 kW and offers 16 charging bays, enabling 16 electric vehicles to charge simultaneously. This eliminates long wait times and ensures convenience for a wide mix of EV users, including private car owners, taxis, ride-hailing fleets, and logistics operators.The co-branded hub was inau..

Tata Motors to Acquire Iveco Group in EUR 3.8 Bn Deal

Tata Motors, a global automotive leader, has announced an agreement to acquire Iveco Group N.V., a European commercial vehicles and mobility major, in a deal valued at approximately EUR 3.8 billion. The move aims to establish one of the world’s most competitive and diversified commercial vehicle groups with strong global reach, product depth, and industrial capabilities.The proposed acquisition will be executed through TML CV Holdings PTE LTD or a new Dutch-incorporated subsidiary of Tata Motors, which will launch a recommended voluntary tender offer for all issued Iveco Group shares. The of..