Oberoi Realty Limited , a prominent real estate developer, has made a significant move in the hospitality sector by leading a consortium that has successfully acquired Hotel Horizon Private Limited (HHPL) for ₹919.00 crore. The deal, which gives the consortium control of a prime property in Juhu, Mumbai, is now awaiting final approval from the National Company Law Tribunal (NCLT).

Acquisition Details

The consortium, comprising Oberoi Realty Limited, Shree Naman Developers Private Limited, and JM Financial Properties and Holdings Limited, submitted a resolution plan in the corporate insolvency resolution process (CIRP) of Hotel Horizon Private Limited. The Committee of Creditors (CoC) of HHPL approved this plan, and the Resolution Professional issued a Letter of Intent (LOI) declaring the consortium as the Successful Resolution Applicant.

Key Points of the Acquisition

• Purchase Price: The resolution plan provides for a payment of ₹919.00 crore, with potential additional amounts to comply with applicable laws.
• Settlement: The amount will be paid to various creditors in full and final settlement of their outstanding claims against HHPL, including unpaid CIRP costs.
• Property Details: HHPL holds a prime piece of land measuring approximately 7,500 square meters, overlooking the Arabian Sea in Juhu, Mumbai.
• Implementation: The resolution plan will be implemented either through the consortium or a special purpose vehicle (SPV) to be incorporated by the consortium.

Strategic Importance

This acquisition aligns with Oberoi Realty's main business activities and represents a strategic expansion into the hospitality sector. The Juhu property, with its prime location and sea-facing views, presents significant potential for development in the retail and hospitality segments.

Financial Implications

Upon implementation of the resolution plan, the consortium or its SPV will subscribe to ₹1.00 crore of fresh shares of HHPL, resulting in 100% ownership and control of the company. This move is expected to strengthen Oberoi Realty's portfolio in the premium real estate market of Mumbai.

Regulatory Approvals

The completion of this acquisition is subject to several regulatory approvals:

1. Final approval from the National Company Law Tribunal (NCLT), Mumbai Bench
2. Any additional approvals required from other regulatory authorities, courts, or tribunals under applicable laws

Conclusion

This acquisition marks a significant step for Oberoi Realty in expanding its presence in the hospitality sector. The prime location of the Hotel Horizon property in Juhu, Mumbai, offers substantial potential for development. As the deal awaits final NCLT approval, industry observers will be keenly watching how this acquisition impacts Oberoi Realty's future growth strategy in the real estate and hospitality sectors.

Oberoi Realty , a leading name in India's real estate sector , has announced a significant milestone in its latest project launch. The company's newest offering, Elysian Tower D at Oberoi Garden City in Goregaon, Mumbai, has garnered an impressive ₹970.00 crore in bookings since its launch on April 30, 2025.

Project Details

The Elysian Tower D, part of the expansive Oberoi Garden City development, has seen robust demand for its premium residences. Key highlights of the project include:

• Approximately 2.10 lakh sq. ft. of RERA carpet area sold
• Total saleable area of about 3.25 lakh sq. ft.
• Offering luxurious 3 and 4-BHK residences
• Apartment sizes ranging from 2,009 to 3,430 sq. ft. (carpet area)

Oberoi Garden City: An Integrated Ecosystem

Elysian Tower D is situated within Oberoi Garden City, the company's flagship integrated development spanning approximately 80 acres. This mixed-use development showcases Oberoi Realty's vision for elevated urban living, featuring:

• Grade-A office spaces at International Business Park
• Premium retail experiences at Oberoi Mall
• Global education facilities at Oberoi International School
• World-class hospitality at The Westin Mumbai Garden City

Strategic Location and Amenities

The project benefits from:

• Excellent connectivity to metro and transport networks
• Proximity to key business districts
• Curated lifestyle amenities including landscaped gardens
• High-ceiling entrance lobby and recreational zones

Management's Perspective

Vikas Oberoi, Chairman and Managing Director of Oberoi Realty Limited, expressed his satisfaction with the launch's success: "We are truly delighted by the overwhelming response to the launch of Elysian Tower D in Oberoi Garden City Goregaon. This success not only reflects the enduring strength of the Oberoi Realty brand but also validates our long-term vision of creating integrated urban developments that redefine luxury living."

Company Overview

Oberoi Realty Ltd., headquartered in Mumbai, has established itself as a prominent player in India's real estate market. The company focuses on premium developments across residential, office space, retail, hospitality, and social infrastructure verticals. With a track record of 50 completed projects in Mumbai, Oberoi Realty continues to shape the city's skyline with its innovative designs and quality constructions.

This latest achievement underscores Oberoi Realty's strong position in the luxury real estate market and its ability to meet the evolving demands of discerning homebuyers in Mumbai's competitive property landscape.