Four decades of crafting Mumbai's most considered urban spaces
Oberoi Realty Limited traces its operating roots to the early 1980s in Mumbai, with formal incorporation in 1998 under the Companies Act and a listing on the Bombay Stock Exchange and National Stock Exchange following its conversion to a public limited company in December 2009. Headquartered within its own Oberoi Garden City campus at Goregaon East, the company is led by Chairman and Managing Director Vikas Oberoi, a Harvard Business School alumnus whose direct involvement spans every project from conception through completion. By the end of the first half of FY25, the company recorded booking value of Rs. 2,509 crores, against Rs. 1,441 crores for the same period the previous year, reflecting the consistent depth of demand for its product.
The company's approach to development is anchored in what it describes as design thinking: the belief that the built environment and the lives within it must be genuinely enriched, not merely accommodated. Every project is benchmarked against international norms, with global construction partners engaged where scale or complexity demands it. The Worli mixed-use development Three Sixty West, for instance, was executed with Samsung C&T Corporation — the contractor behind landmarks including the Burj Khalifa — as general contractor, and its residential component is managed by The Ritz-Carlton. This practice of engaging tier-one global partners on specific projects has been a consistent characteristic of the Oberoi Realty method since the company's early years.
The portfolio spans five verticals: residential, commercial office, retail, hospitality, and social infrastructure. Residential landmarks include Oberoi Garden City Goregaon, Sky City Borivali East, Eternia and Enigma at Mulund West, Elysian, Splendor, and Three Sixty West at Worli. The commercial arm operates Commerz I, Commerz II, and the recently operational Commerz III at Goregaon East — all holding LEED certification from the U.S. Green Building Council — alongside Oberoi Chambers and Prisma at the Jogeshwari-Vikroli Link Road. The hospitality asset, The Westin Mumbai Garden City at Goregaon East, has operated under Marriott International's Westin Hotels and Resorts brand since May 2010. Oberoi Mall and the two campuses of Oberoi International School, an IB-curriculum school, complete the social infrastructure picture.
Geographically, the company has operated primarily within the Mumbai Metropolitan Region, building depth across Goregaon, Andheri, Mulund, Borivali, Juhu, Worli, and Thane. A land acquisition of 14.81 acres in Sector 58, Gurugram, in November 2023 for Rs. 597 crore marks a deliberate step into the National Capital Region, and active project development is also under way in Thane's Kolshet corridor. The company's stated near-to-medium-term ambition encompasses Pune and Bengaluru as additional markets. Oberoi Realty has delivered 49 completed projects across Mumbai, aggregating well over 35 million square feet of built space, and carries an ongoing pipeline of approximately 30 million square feet across seven active execution-phase projects.
Oberoi Garden City at Goregaon East — an 80-acre land parcel acquired in 2002 — established the template for mixed-use, self-sufficient urban districts. The same master-planning logic now underpins Sky City at Borivali East and the emerging Garden City township at Thane's Pokhran Road, each combining residences, retail, schools, and open landscapes within a single contiguous address.
From Oberoi Splendor and Exquisite to the ultra-luxury Three Sixty West at Worli managed by The Ritz-Carlton, the company's residential portfolio consistently targets the upper segment of Mumbai's market. Distinctive designs, functional aesthetics, and quality finishes are the three criteria the company holds itself to publicly across every residential launch.
Commerz I, Commerz II, and the recently commissioned Commerz III at Goregaon East have attracted Fortune 500 and multinational tenants seeking well-conceived, technology-enabled workspace. All three buildings carry LEED certification from the U.S. Green Building Council, and commercial occupancy reached 88 percent (excluding newly launched stock) as of Q1 FY25.
Oberoi Mall at Goregaon East and the newly launched Sky City Mall at Borivali East form the retail spine of the company's integrated campuses. The hospitality portfolio includes The Westin Mumbai Garden City, operational since May 2010 under Marriott International, with a further hotel management agreement signed with the Aman Group in February 2026 for an upcoming Mumbai property.
Oberoi International School operates two IB-curriculum campuses — one within Oberoi Garden City Goregaon and one on the Jogeshwari-Vikroli Link Road — and residents of Oberoi developments at Thane receive preferred admissions access. This integration of accredited education within residential campuses reflects a philosophy of building complete urban environments rather than standalone housing blocks.
Oberoi Realty manages architecture, engineering, construction oversight, property management, and project execution through dedicated in-house teams, reducing hand-off risk and maintaining the company's quality standards from site acquisition through to resident handover. This end-to-end control is a core reason the company has delivered 49 projects without fragmenting accountability across third parties.
An in-house architecture team led by an Executive Vice-President of Architecture drives design intent from concept through construction documentation. The team benchmarks every project against international standards and works in close collaboration with the Chairman and Managing Director, who is directly involved in design decisions on every project across all five verticals.
A dedicated construction and execution strategy function — headed at the Executive Vice-President level — oversees on-site delivery across all active projects. The division co-ordinates with global contractors on technically complex schemes: Samsung C&T Corporation was engaged as general contractor on Three Sixty West at Worli, a benchmark the company applies to large-scale or structurally intricate developments.
An in-house legal function manages RERA registrations, land acquisition structuring, joint venture agreements, amalgamation schemes, and ongoing regulatory compliance across all project jurisdictions. The team has overseen complex transactions including the 2024 amalgamation of Oberoi Constructions Limited, Oberoi Mall Limited, and Evenstar Hotels Private Limited into the parent company.
The finance function is headed by Director-Finance and CFO Saumil Daru, a Chartered Accountant and Harvard Advanced Management Program alumnus who has been with the company since 2002. The team maintains a conservative capital structure: overall gearing improved to 0.15x as of June 30, 2024, supported by strong committed receivables ratio of 84 percent across ongoing projects.
Post-handover property management services are handled internally, covering maintenance, facilities operations, and resident services across completed townships including Oberoi Garden City, Sky City, and Splendor. Retaining this function in-house means residents deal with the same organization throughout ownership rather than transitioning to an unrelated third-party operator.
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📍 Goregaon East, Mumbai
Starting ₹5.92 Cr
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📍 Goregaon East, Mumbai
Starting ₹7 Cr
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📍 Kolshet, Thane
Starting ₹1.87 Cr
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📍 Kolshet, Thane
Starting ₹1.87 Cr
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