Oberoi Realty Consortium Wins Bid For Juhu Land Deal

17 Jul 2025 CW Team

Oberoi Realty Limited announced on 14 July that the Committee of Creditors (CoC) of Hotel Horizon Private Limited (HHPL) has approved a resolution plan submitted by a consortium comprising Oberoi Realty, Shree Naman Developers, and JM Financial Properties and Holdings. A Letter of Intent (LoI) confirming the consortium as the Successful Resolution Applicant has been issued by the Resolution Professional.

The approved resolution plan entails a payment of Rs 9.19 billion, in addition to any applicable statutory dues, to fully settle outstanding claims and unpaid Corporate Insolvency Resolution Process (CIRP) costs. The payment must be completed within 45 days of approval by the National Company Law Tribunal (NCLT), Mumbai Bench.

HHPL owns a premium 7,500 square metre land parcel in Juhu, Mumbai, with sea-facing views of the Arabian Sea. The acquisition is in line with Oberoi Realty’s strategic focus and will be executed either directly or through a special purpose vehicle (SPV) to be formed by the consortium.

As part of the resolution, the consortium or SPV will also subscribe to Rs 10 million in fresh equity shares, thereby taking full ownership and control of HHPL, subject to regulatory and NCLT clearances.

On the BSE, shares of Oberoi Realty Ltd closed at Rs 1,804.55 on 14 July, down by Rs 30.95 or 1.69 per cent.

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..