{"id":833,"date":"2024-06-25T14:32:03","date_gmt":"2024-06-25T09:02:03","guid":{"rendered":"https:\/\/www.crematrix.com\/blog\/?p=833"},"modified":"2026-04-17T14:30:05","modified_gmt":"2026-04-17T09:00:05","slug":"mumbai-based-oberoi-realty-enters-ncr-market-with-strategic-land-acquisition-in-gurugram","status":"publish","type":"post","link":"https:\/\/www.crematrix.com\/blog\/mumbai-based-oberoi-realty-enters-ncr-market-with-strategic-land-acquisition-in-gurugram\/","title":{"rendered":"Mumbai-based Oberoi Realty Enters NCR Market with Strategic Land Acquisition in Gurugram"},"content":{"rendered":"\n

Mumbai-based real estate giant, Oberoi Realty, has made a significant investment in the National Capital Region by acquiring a prime 14.81-acre land parcel in Gurugram, Haryana. The buyout worth Rs 597 crore is one of the largest for the company outside its core Mumbai market. CRE Matrix<\/a> accessed documents confirming this strategic move.<\/p>\n\n\n\n

The recently purchased property is located in Gurugram’s Sector 58, a prime area next to the Southern Peripheral Road (SPR). Oberoi Realty’s planned luxury group housing project is well-suited for this neighborhood, recognized for its high-end residential developments. With an estimated 2.6 million square feet of development potential, the area is ideal for a large-scale residential complex.<\/p>\n\n\n\n

According to the documents, Oberoi Realty paid a stamp duty of Rs 33.77 crore. Although the land acquisition took place in November 2023, the official sale deed was executed on May 7, 2024. The land was purchased from a consortium that included Delhi NCR-based developer Ireo Residences.<\/p>\n\n\n\n

The landmark agreement highlights Oberoi Realty\u2019s determination to widen its reach and shows how Gurugram is increasingly becoming a thriving destination for real estate. Luxury residential developments are ideal for this area due to its proximity to major business centers and well-developed infrastructure. This entry into the NCR market will enable Oberoi Realty to take advantage of these opportunities and provide upscale residential solutions to clients.<\/p>\n\n\n\n

Recent Land Transactions in Gurugram<\/strong><\/p>\n\n\n\n

Gurugram’s advantageous location and excellent infrastructure have drawn large investments from prominent real estate developers. Over the past few years, the city has seen a substantial increase in land transactions. In a recent transaction in May 2024, Dvok Buildcon, a Gurugram-based real estate developer purchased an 18-acre plot of land in Gurugram<\/a>, valued at Rs 310 Cr. <\/p>\n\n\n\n

In another significant deal, Chintels India transferred ownership of two land parcels in Dwarka Expressway valued at Rs 121.82 crore<\/a> and covering a total area of 7.85 acres to Sobha Ltd in Gurugram.\u00a0\u00a0
Elevate your decisions in real estate as a developer with CRE Matrix\u2018s data-driven insights. Book a demo now<\/a>.<\/p>\n\n\n\n

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