Oberoi Realty Limited was incorporated as Kingston Properties Private Limited in 1998 and listed on the Bombay Stock Exchange and the National Stock Exchange in 2010. The company is headed by Vikas Oberoi, its Chairman and Managing Director. Its registered office sits within the very township it built: Commerz, 3rd Floor, International Business Park, Oberoi Garden City, Off Western Express Highway, Goregaon East, Mumbai – 400063. That address is not incidental — it reflects how completely Oberoi Realty has staked its identity to Mumbai's western suburban corridor.
Oberoi Realty is a Mumbai-focused real estate developer with a strong focus on residential, commercial, retail, and hospitality projects, recognised for developing premium properties, integrated townships, and large-scale redevelopment projects across prime urban locations. The company has completed 51 projects across the Mumbai skyline spanning residential, commercial, retail, hospitality, and social infrastructure.
In February 2002, the company acquired land at Goregaon from Ciba Specialty Chemicals (India) Ltd and Novartis India Ltd. Those two parcels seeded what became its most consequential asset. Oberoi Garden City, the flagship project, was developed in Goregaon East on an 80-acre land parcel. Over the following decade, the company layered a Westin hotel, Oberoi Mall, the Oberoi International School, and the Commerz and Commerz II office blocks onto that same campus — each component serving as demand infrastructure for the next.
In its early years, the company strategically acquired large land parcels across Mumbai, including key developments at Goregaon, Andheri, Mulund, and Juhu, laying the foundation for its future growth. Oberoi Realty expanded into retail and hospitality through acquisitions such as Oberoi Mall and Hotel Tulip Star, while attracting marquee investors like Morgan Stanley-backed funds. In March 2014, Oberoi Realty announced it had been declared the highest bidder at the auction of about 25 acres of land parcel owned by Tata Steel Limited, located on the Western Express Highway in Borivali East. That purchase became Oberoi Sky City.
Oberoi Realty has projects located across Mumbai's western suburbs — Borivali, Goregaon, Andheri — eastern suburbs including Mulund, and Thane, and at Worli. The two active residential projects in the western suburbs, Elysian in Goregaon East and Sky City in Borivali East, account for a significant share of the company's ongoing sales pipeline.
Located in Goregaon East, Oberoi Elysian is currently under construction and is spread over 80 acres. With a starting price of approximately ₹5.02 crore, Oberoi Elysian offers 3 and 4 BHK apartments. The 3 and 4 bedroom homes at Elysian range from 1,792 to 3,512 square feet.
What distinguishes Elysian from a standalone residential tower is its physical integration with an already-functioning urban campus. The project includes seamless incorporation of lifestyle amenities comprising a premium shopping complex — Oberoi Mall, a well-respected IB school — Oberoi International School, a luxury hotel — The Westin Garden City, and sophisticated office spaces — Commerz, Commerz II, and Commerz III. Residents can walk to an office, a school, and a hotel restaurant without crossing a public road.
Elysian by Oberoi Realty provides amenities including private mini movie theatres, gym and fitness studios, yoga rooms, spa, swimming pool, and landscaped greenery with children's gaming zones. The project offers seamless connectivity, being close to the Western Express Highway and the Aarey Metro Station.
On the MahaRERA register, the projects Elysian Tower A, Elysian Tower B, and Elysian Tower C, D, E are registered with MahaRERA under registration numbers P51800027667, P51800031456, and P51800050677 respectively. Possession is scheduled for June 2027.
Sky City is an integrated development project spread over 25 acres with picturesque views, beautifully designed spacious homes, and an array of amenities. This development comprises 8 majestic towers soaring G+61 storeys. Sky City by Oberoi Realty offers 3 BHK, 3 BHK + Studio, and duplex configurations.
The development is thoughtfully planned with an upcoming Mumbai Marriott Hotel Sky City, Sky City Mall, and seamless connectivity to the Metro Station. Residents can enjoy scenic views of the Sanjay Gandhi National Park and the expansive city view from Sky City. At just 0.7 km from Borivali Railway Station and adjacent to the Devipada Metro Station on the Western Express Highway, the project has rail access at two modes simultaneously.
Pricing at Sky City sits meaningfully above the surrounding locality. Oberoi Sky City's average price is approximately ₹47,800 per sq ft, compared to the broader Borivali East average of ₹34,800 per sq ft. In the last five years, Borivali East has witnessed a 60.1% increase in property prices, and Sky City's own per-sq-ft figure has continued to rise within that trend. During Q1 2026, average property prices for Oberoi Sky City Tower E moved from ₹43,600 per sq ft to ₹44,450 per sq ft, reflecting a 1.95% quarterly rise.
The projects Sky City Towers A to D, Sky City Tower E, Sky City Tower F, and Sky City Tower G are registered with MahaRERA under registration numbers P51800003582, P51800018404, P51800028419, and P51800047575 respectively.
A consistent pattern runs through every Oberoi Realty township: residential towers are not the only product on the land. The company allocates acreage to commercial offices, a hotel, a school, and retail — then uses those components to stabilise demand and rental yields for the residential product. At Garden City in Goregaon East, this model has been running for over two decades. Commercial developments like Commerz and Commerz II cater to the growing demand for office spaces in Mumbai. In 2016, Oberoi Realty announced that cumulative carpet area leased at Commerz II now exceeded 25% of the total carpet area of the project. That office occupancy creates a captive pool of potential homebuyers and tenants for the residential towers sitting within the same campus.
At Borivali East, the formula repeats: an upcoming Mumbai Marriott Hotel and Sky City Mall are part of the integrated plan, broadening the township's self-sufficiency before the last residential towers are handed over.
In recent years, Oberoi Realty has evolved into a diversified, Mumbai-focused real estate developer with a strong presence across residential, commercial, retail, education, and hospitality segments. The company delivered a strong Q2 FY26 performance, with consolidated net profit rising by around 29%. Being publicly listed on both BSE (scrip code 533273) and NSE (symbol: OBEROIRLTY) means the developer's financial statements, project disclosures, and RERA registrations are subject to continuous regulatory scrutiny — a material factor for buyers committing to under-construction timelines.
In ESG and CSR recognition, Oberoi Realty won the ESG Excellence Award at the Realty+ Harit Bharat Awards 2025, ranked 2nd in CSR Excellence by GRI Awards India 2024, and received IGBC Excellence Awards for Oberoi Mall and Commerz II.
The current residential portfolio includes Sky City in Borivali, Elysian in Oberoi Garden City Goregaon, Eternia and Enigma in Mulund, Forestville in Kolshet Thane, Oberoi Garden City Thane in Pokhran Thane, and Three Sixty West in Worli. Of these, the two western-suburban addresses — Elysian and Sky City — represent Oberoi Realty's largest active residential sites by acreage and unit count. Both are registered under MahaRERA, and both are being delivered in phased tower sequences that allow buyers to track construction progress against their specific registration number on the MahaRERA portal.