Oberoi Realty Limited was incorporated as Kingston Properties Private Limited in 1998 and adopted the current name Oberoi Realty on 22 October 2009, after which the company became a public limited entity and was renamed Oberoi Realty Limited. The company's Mumbai footprint began with its flagship development: Oberoi Garden City, developed in Goregaon East on an 80-acre land parcel that the company had acquired in February 2002. By 2005, Oberoi Realty had expanded into Andheri (West and East) and Mulund (West). Over the following two decades the company added Commerz and Commerz II in Goregaon, the Ritz-Carlton-managed Three Sixty West in Worli, and Sky City in Borivali East, before beginning a calibrated move outside the city.
That expansion has accelerated recently. In October 2024, under Vikas Oberoi's leadership, Oberoi Realty launched Oberoi Garden City, Thane, a 75 acre integrated township project which recorded gross bookings of approximately ₹1348 crore within its first three days. In 2025, Oberoi Realty announced its first project outside Mumbai with a 14.81-acre land acquisition in Gurugram, Haryana, for ₹597 crore. Pune, and specifically Lohegaon, fits into this same pattern of a Mumbai-anchored developer entering fast-growing peripheral markets where airport and IT-corridor demand is building faster than existing supply.
The company remains led by Vikas Oberoi, an Indian entrepreneur and the Chairman and Managing Director of Oberoi Realty Limited, who became involved in his father's business in the early 1990s, eventually taking over the reins of the company. Under him, Oberoi Realty has moved from a single Goregaon township to a multi-city listed developer with residential, office, retail and hospitality assets.
Oberoi Pune marks the developer's entry into the Pune market, positioned in Lohegaon in the city's northeastern airport belt. Listings for the project describe it as a residential development offering 2, 3 and 4 BHK apartments, sited close to the aerospace and airport-adjacent stretch of Lohegaon rather than in one of Pune's already-dense western micro-markets. Amenity descriptions across project listings reference a clubhouse, swimming pool, gymnasium, landscaped gardens and children's play areas, alongside gated security features such as CCTV coverage and video door access — a specification set consistent with Oberoi Realty's other mid-to-large residential developments in Mumbai and Thane. As with any project still moving through approvals, buyers should treat unit counts, exact pricing and possession timelines as subject to confirmation directly through the project's registered documentation rather than third-party aggregator listings.
Lohegaon's defining feature is that it physically hosts Pune's airport. Pune International Airport (PNQ), also known as Lohegaon Airport, is a dual-use airport serving both military and civil aviation needs and is a critical hub for Western Maharashtra. Located in Lohegaon, just 12 km from the city centre, the airport has been a major driver for real estate growth and investment in the city. For a developer entering Pune for the first time, an airport-adjacent site carries a locational logic distinct from IT-park suburbs like Hinjewadi or Kharadi — it draws frequent-flyer professionals, defence and aviation-linked households, and long-distance commuters who value predictable access over proximity to a single office cluster.
Connectivity has been improving in step. Buyer interest has remained steady over the past few years, supported by the Pune International Airport, Ramwadi Metro Station on the Aqua Line, Dhanori-Lohegaon Road, and the Pune-Ahmednagar Highway. Ramwadi Metro Station on the Aqua Line is roughly 6.9 km away, while Dhanori-Lohegaon Road connects the locality to key parts of Pune. Employment access reinforces the case: Lohegaon connects easily to IT hubs such as Viman Nagar, Kharadi, Yerwada, and Magarpatta, making daily commuting manageable. Popular business hubs like Mindspace Business Park and Panchshil Business Park are located within 10 km of the locale.
Infrastructure works underway add to the growth case. The Indian Air Force has earmarked 13 acres for transfer to the Airports Authority of India to support the expansion of Pune Airport, strengthening long-term growth prospects. The Pune Municipal Corporation has also approved a 20-lakh-litre overhead water tank at Lohegaon-Harantal to enhance water supply reliability across East Pune. Social infrastructure has kept pace with residential growth: the area is served by Pune International Airport, Aeromall, Kendriya Vidyalaya No. 1 AFS, and Orchid Speciality Hospital, alongside malls such as Goodwill Square and Phoenix Marketcity, only 3-6 km away, and higher education anchors including Ajeenkya DY Patil University, which attracts students seeking rental homes.
Lohegaon's pricing sits below Pune's established premium eastern pockets, which is part of why a listed developer entering now is notable. The average weighted price of apartments in Lohegaon is around ₹7,150 per square foot, having moved 11.7% in the past year. A separate locality read puts the average property price in Lohegaon at Rs 6,050 per sq ft, while another survey of builder-floor and independent-house stock cites a range of Rs. 4,755 to Rs. 9,500 per sq. ft. for 1-3 BHK builder floors and independent houses. The spread reflects a market still transitioning from older, lower-density housing stock to organised apartment development — exactly the segment an established brand-name developer can reposition through better specification and long-term project delivery.
Independent commentary on the micro-market frames the opportunity in similar terms: property price trends in Lohegaon indicate steady appreciation rather than speculative spikes, with entry prices remaining relatively accessible compared to premium eastern suburbs. For a buyer evaluating Oberoi Realty's entry, that combination — a recognised Mumbai-origin developer, an airport-anchored location, and a locality still priced below its established eastern neighbours — is the core of the investment case, more than any single amenity list.
Oberoi Realty's record in Mumbai was built on large, self-contained land parcels — Goregaon, Thane, Worli, Borivali — developed over multi-year phases with integrated retail, schooling and hospitality components. Oberoi Pune, at the Lohegaon site, represents the same playbook applied to a smaller, airport-facing eastern Pune parcel rather than a full township. Buyers should evaluate the project on the same terms the company has historically been assessed on elsewhere — construction pace, specification consistency across phases, and delivery against the possession date stated in its registered project documentation — rather than on the general adjectives that circulate across third-party listing sites.