Oberoi Realty has emerged victorious in securing a significant railway land lease deal in Mumbai's Bandra East area. The company's successful bid of ₹5,400 crore has granted it development rights for a 99-year lease period, marking a major milestone in the company's expansion strategy.

Project Details and Development Scope

The successful bid enables Oberoi Realty to develop approximately 19.5 lakh square feet of new development space on the acquired railway land. This substantial development area presents significant opportunities for the company to create premium real estate projects in one of Mumbai's most sought-after locations.

Strategic Location Advantage

Bandra East represents a prime location in Mumbai's real estate landscape, offering excellent connectivity and infrastructure. The railway land lease provides Oberoi Realty with a strategic foothold in this high-demand area, potentially enhancing the company's portfolio with premium development opportunities.

Long-term Development Rights

The 99-year lease arrangement provides Oberoi Realty with substantial long-term development rights, allowing the company to plan and execute major real estate projects over an extended period. This extended timeframe offers flexibility in project planning and execution, enabling the company to maximize the potential of the acquired land parcel.

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.