Oberoi Realty has issued a clarification addressing media reports regarding a Punjab and Haryana High Court order related to its luxury residential project Three Sixty North in Gurugram. The company stated that the court ruling does not affect current sales or ongoing construction at the development, which had earlier recorded gross bookings of approximately ₹8,109 crore.

Company Clarification

Oberoi Realty clarified that media reports suggesting the court had stopped new allotments at Three Sixty North required correction. According to the company, the court ruling does not affect current sales or ongoing construction activities at the project. The clarification aims to address concerns that may have arisen following earlier reports of the Punjab and Haryana High Court's intervention in allotment proceedings at the Gurugram development.

Project Overview and Specifications

Three Sixty North is a master-planned development located on Golf Course Extension Road in Sector 58, Gurugram, spread across approximately 14.8 acres. The project comprises seven residential towers and includes landscaped open spaces, Club Three Sixty North, and a curated boulevard featuring retail and cafés. The development represents Oberoi Realty's first luxury residential entry into the National Capital Region (NCR).

Key Project Metrics

The following table outlines the primary details of the Gurugram project:

Management Commentary

Vikas Oberoi, Chairman and Managing Director of Oberoi Realty, had earlier attributed the strong booking response to the strength of the development and the trust customers have placed in the company over the past four decades. He had stated that the entry into the NCR marks an important milestone in the company's journey driven by philosophy rather than geography, emphasizing that trust, quality, and disciplined execution transcend markets.

Oberoi Realty has appointed Mr. Vibhav Tomar as the Executive Vice President - Construction effective July 6, 2026. The appointment is contractual in nature and subject to the company's employment policy. This strategic move aims to bolster the company's construction and project execution capabilities with senior leadership expertise.

Appointment Details

The disclosure was made to the stock exchanges pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the appointment falls under the category of senior management personnel.

Profile of Mr. Vibhav Tomar

Mr. Vibhav Tomar brings extensive experience to the role, having worked in the industry for over 33 years. His background spans Hospitality, Residential, and Retail projects.

The disclosure regarding relationships between directors was noted as Not Applicable in the filing.