Oberoi Realty Limited — Important, 10-01-2025: Capacity addition

The Slum Rehabilitation Authority has appointed Oberoi Realty as the developer for a slum rehabilitation scheme covering approximately 10,300 sq. mtr. in Bandra Reclamation, Mumbai. This development involves land owned by the Maharashtra Housing and Area Development Authority. Oberoi Realty anticipates gaining a free sale component of around 3.2 lakh sq. ft. (RERA Carpet area) from this project, which aligns with the Development Control & Promotion Regulations for Greater Mumbai, 2034. This opportunity could enhance Oberoi Realty's portfolio and revenue potential, marking a positive development for the company.