Oberoi Realty Limited was incorporated on 8 May 1998 as Kingston Properties Private Limited, renamed Oberoi Realty in October 2009 and converted into a public limited company that December ahead of its stock market listing on the BSE and NSE. The company was incorporated on May 8, 1998 as Kingston Properties Pvt Ltd and later renamed Oberoi Realty Pvt Ltd in October 2009, before being converted into a public limited company in December 2009. Under Chairman and Managing Director Vikas Oberoi, an alumnus of Jai Hind College and Harvard Business School, the company built its flagship, Oberoi Garden City, on an 80-acre parcel in Goregaon East acquired in February 2002. Oberoi Garden City, the flagship project, was developed in Goregaon East on an 80-acre land parcel, a parcel the company had acquired in February 2002. Its later Worli tower, Three Sixty West, became the company's signature ultra-luxury address in Mumbai. Three Sixty West by Oberoi Realty was the flagship project of the company in Worli, Mumbai. In over four decades of operation, Oberoi Realty has completed 51 projects spanning residential towers, offices, retail malls and a Westin hotel, almost all of them within Mumbai's city limits.
That single-city concentration changed in November 2023, when Oberoi Realty made its first land purchase outside Mumbai. Three Sixty North is the first project Oberoi Realty has built outside of Mumbai, with Vikas Oberoi paying approximately Rs. 1,000 crore for 14.816 acres in Sector 58, Village Ghata, before a single floor plan was shared publicly. Regulatory filings put the acquisition at 14.81 acres for Rs 597 crore, with capacity for roughly 2.6 million sq ft of built-up area. In November 2023, the company acquired 14.81 acres of land in Sector 58, Gurgaon for Rs 597 crore, with capacity for a floor area of about 2.6 million sq ft. On an investor call, Vikas Oberoi described the coming project as a compact echo of Worli's Three Sixty West. He called it a smaller version of Three Sixty West but said it would uphold the same high luxury and design quality standards. That project, now named Oberoi Three Sixty North, sits on Golf Course Extension Road, not on the Dwarka Expressway where Global City is coming up — a distinction any buyer evaluating a Sector 37A address should keep in mind when weighing Oberoi Realty's actual footprint in Gurgaon against the wider ambitions the brand has signalled for the city.
Sector 37A falls inside Global City, a mixed-use township being assembled by the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) along the Dwarka Expressway. Global City Gurugram is a mixed-use smart township spanning 1,002.36 acres across Sectors 36, 36B, 37, 37A and 37B along the Dwarka Expressway. The brief is deliberately large-format: the project integrates residential, commercial, institutional, sports and leisure spaces into a city-within-a-city concept. Rather than parcelling land to individual plot buyers, HSIIDC is releasing Global City's land in institutional-scale blocks. Instead of allocating small, fragmented plots to individual retail buyers, HSIIDC auctions land in massive multi-use and residential blocks to tier-one developers. The ambition attached to the address is explicit — planners have benchmarked it against established global financial districts. Benchmarking has been done against international financial districts such as Singapore's Marina Bay and Dubai's Business Bay, on a project estimated at roughly Rs 1.2 lakh crore ($15 billion).
Oberoi Realty's own growth pattern in Mumbai has been built on acquiring large, single-owner land parcels rather than infill plots — the same institutional-block logic HSIIDC is applying at Global City. Vikas Oberoi is known for acquiring large parcels of land and developing landmark projects, including the 60-acre former Novartis campus in Goregaon and a four-acre plot in Worli bought from GlaxoSmithKline. That preference for scale, combined with a brand built on 51 completed Mumbai projects across residential, commercial, retail and hospitality categories, is why analysts frame Oberoi's Gurgaon entry as more than an opportunistic land deal. With limited established players operating in the luxury segment, the market presents an opening for brands with proven execution capabilities, and analysts have noted that rising demand, urban migration and infrastructure projects such as the Dwarka Expressway are creating favourable conditions for well-capitalised developers entering the region. Sector 37A sits at the centre of exactly that infrastructure story, even though Oberoi's registered project to date remains on Golf Course Extension Road rather than inside the Global City footprint itself.
Global City's locational pitch rests on the eight-lane Dwarka Expressway and its links outward. The township enjoys direct accessibility from the eight-lane Dwarka Expressway, also known as the Northern Peripheral Road, and Pataudi Road. Travel times are compact by NCR standards: the area is roughly 20 minutes from IGI Airport, 20 to 30 minutes from Cyber City, under 20 minutes from South Delhi, and has direct access to NH-48, with a planned Metro Phase 5 connection running an internal MRTS system across six stations. Southward, Pataudi Road extends the corridor's reach toward the industrial belt. Pataudi Road connects the township with Manesar to the south and onward to the KMP Expressway. HSIIDC has targeted the physical groundwork accordingly. HSIIDC has indicated it expects the trunk infrastructure of Phase 1 — the roads and utilities in the sector — to be ready by the end of 2026.
Values along this stretch of the Dwarka Expressway have moved sharply as the Global City plan has taken shape. Average real estate cost in the adjacent sectors stood at around Rs 7,500 per square foot in 2022, and by 2026 appreciation in the zone is estimated to exceed 100%. The most Global City-adjacent micro-markets have already repositioned toward the top of Gurgaon's price ladder: Sector 36A has moved into the ultra-luxury segment, with apartments priced between Rs 14,000 and Rs 18,000 per square foot. Corridor-wide, Dwarka Expressway connectivity has driven 15 to 20% property appreciation in surrounding areas, with prices doubling over the past four years.
For someone tracking Oberoi Realty specifically, Sector 37A and Global City matter as a barometer of where Gurgaon's next institutional-grade addresses are being staked out, using the same tier-one land-auction model that has historically suited developers of Oberoi's scale and balance sheet. The brand's confirmed regulatory footprint in the city today is Oberoi Three Sixty North in Sector 58 on Golf Course Extension Road — a single 14.82-acre development registered as six separate RERA filings across towers A, B, C, E, F and G, with roughly 500 units in total. Any claim of an Oberoi-branded address inside Global City itself should be verified against the developer's own disclosures and HSIIDC's official allotment records before being treated as fact; what is verifiable is that the same market forces — airport-linked connectivity, an emerging central business district, and a state agency actively courting large, branded developers — are common to both the Sector 58 project already underway and the Sector 37A address under discussion.