Oberoi Realty sells flats worth Rs 1,348 cr in 3 days of Maha project launch

29 Oct 2024 CW Team

Oberoi Realty has achieved impressive sales of luxury homes totaling Rs 1,348 crore in just three days following the launch of its new 75-acre residential project in Thane, part of the Mumbai Metropolitan Region.

Launched on October 18, the project, named 'Oberoi Garden City Thane,' will be developed and marketed in phases.

The company reported a gross booking value of approximately Rs 1,348 crore for 5.65 lakh sq ft of carpet area within the initial three days, according to a regulatory filing.

The sprawling project will feature over 30 world-class amenities, a 5-star deluxe JW Marriott Hotel Thane Garden City, and an Oberoi International School.

The first phase includes five residential towers, with bookings for two towers opening on October 18, 2024.

"We are thrilled by the tremendous response to the launch of our latest project at Oberoi Garden City Thane. The trust and confidence our customers have shown in our brand and product deeply humbles and encourages us. This project epitomizes our vision of delivering a holistic, luxurious living experience and we believe it will set a new benchmark for luxury in Thane," said Vikas Oberoi, Chairman and Managing Director of Oberoi Realty.

Oberoi Realty is one of India's leading real estate developers, having completed 49 projects in the Mumbai Metropolitan Region.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..