Oberoi Realty has submitted a comprehensive bid proposal of ₹5,400 crore to the Railway Land Development Authority (RLDA) for developing railway land in Mumbai's Bandra East area. The bid structure includes both initial payments and an ongoing revenue share arrangement, demonstrating the company's commitment to this significant development opportunity.

Bid Structure and Payment Terms

The company's ₹5,400 crore proposal to RLDA encompasses a structured payment mechanism that includes upfront payments along with ongoing revenue sharing arrangements. This comprehensive bid structure reflects the company's strategic approach to securing long-term development rights in one of Mumbai's prime locations.

Development Opportunity and Scope

The railway land in Bandra East presents substantial development potential, with approximately 19.5 lakh square feet of developable area available. This significant land parcel offers Oberoi Realty the opportunity to create premium real estate projects in a strategically located area of Mumbai.

Strategic Partnership with RLDA

The bid submission to RLDA represents Oberoi Realty's strategic approach to partnering with railway authorities for land development. The revenue sharing component of the bid ensures ongoing collaboration between the company and RLDA, creating a sustainable partnership model for the project's development and operation.

Oberoi Realty has received regulatory approval for a significant acquisition that strengthens its presence in Mumbai's premium real estate market. The National Company Law Tribunal Mumbai bench approved the consortium's resolution plan on January 29, 2026, marking a crucial milestone in the Corporate Insolvency Resolution Process.

Acquisition Details

The approved resolution plan involves a consortium comprising Oberoi Realty Limited, Shree Naman Developers Private Limited, and JM Financial Properties and Holdings Limited. The consortium will acquire 100% ownership of Hotel Horizon Private Limited through this structured transaction.

Strategic Asset Acquisition

Hotel Horizon Private Limited, incorporated on December 7, 1968, under the Companies Act 1956, represents a valuable addition to the consortium's portfolio. The company's registered office is located in Mumbai, Maharashtra, positioning it strategically within the metropolitan area.

The key asset comprises approximately 7500 square meters of prime land situated in Juhu, Mumbai, with direct views overlooking the Arabian Sea. This location represents one of Mumbai's most sought-after residential and commercial destinations, offering significant development potential.

Implementation Framework

The resolution plan establishes a comprehensive governance structure to ensure smooth transition and implementation. A Monitoring Committee will oversee the process until the official transfer date, comprising:

• Two representatives from the consortium
• Two representatives from the Committee of Creditors
• The Resolution Professional

This committee will supervise the implementation of the resolution plan and maintain control over HHPL's business operations during the transition period. Following the transfer date, complete management and control will vest with the consortium.

Financial Settlement Structure

The Rs 919.25 crore payment represents a comprehensive settlement covering all outstanding obligations. This amount includes the equity subscription for complete ownership and addresses claims from various creditors in full and final settlement. The resolution plan also accounts for any additional amounts that may become payable to ensure compliance with applicable laws, including unpaid Corporate Insolvency Resolution Process costs.

Corporate Governance Compliance

Oberoi Realty has confirmed that this acquisition does not constitute a related party transaction. The company has disclosed that none of its promoters, promoter group entities, or group companies hold any interest in Hotel Horizon Private Limited, ensuring transparency in the transaction structure and maintaining regulatory compliance standards.