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 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..