L&T Awarded EPC Contract by Oberoi Realty to Construct Seven High-Rise Towers at Three Sixty North, Gurugram
L&T Awarded Construction Contract for Three Sixty North Towers
On 23 April 2026, Larsen & Toubro disclosed to the BSE that its Buildings & Factories business vertical had been awarded an EPC contract by Oberoi Realty to construct seven high-rise residential towers in Gurugram. The deal size was not disclosed. The announcement marks a construction-phase commitment for Oberoi Realty's first-ever Gurugram project and the start of its NCR entry.
Construction Scope and Timeline
The scope includes RCC shell and core construction, as well as earthworks and piling, all to be executed within stringent timelines. Approximately 4.5 years of construction — consistent with a G+40+ floor tower at this specification. The project will be built across 14.8 acres on Golf Course Extension Road, Sector 58, Gurugram.
Significance for NCR Luxury Development
L&T's 23 April 2026 order to build seven Oberoi Realty towers is the single most credible pre-construction signal NCR luxury has seen. L&T does not sign contracts on projects they cannot build. The contract announcement follows Oberoi Realty's launch of the first phase of Three Sixty North, located in Sector 58 on Golf Course Extension Road in Gurugram, marking its first residential development outside the Mumbai Metropolitan Region (MMR).
Project Investment and Scale
Mumbai-based Oberoi Realty Ltd has committed an investment of around Rs 6,000 crore in a development that has an estimated revenue potential of Rs 16,000 crore. Oberoi Realty — the developer behind Mumbai's Three Sixty West in Worli, currently reselling at ₹92,000+ per sq ft — paid over ₹1,000 crore for 14.81 acres in Sector 58. The first phase comprises 432 residences spread across six residential towers, while the master plan includes a total of seven towers.
Oberoi Realty's NCR Entry and Vision
After shaping Mumbai's skyline for four decades, Oberoi Realty is now setting its sights on Gurugram with its flagship Three Sixty North project. The developer will invest about Rs 6,000 crore across two phases to build ultra-luxury residences. Oberoi Realty took four decades to get out of the Mumbai Metropolitan Region. Oberoi Realty aims to build a business in Gurugram that is as significant as its operations in Mumbai.
Broader L&T Construction Presence
L&T's buildings and factories vertical possesses domain knowledge, expertise and experience in delivering EPC solutions across segments such as, hospitals, public spaces, airports, data centre, residential buildings, commercial spaces and factories. Larsen & Toubro is a $30 billion Indian multinational engaged in engineering, procurement, and construction (EPC) projects, hi-tech manufacturing, and services, operating across multiple geographies.
Golf Course Extension Road Context
360 North is planned as a premium residential development on approximately 50 acres in Sector 58, Gurugram, located near Golf Course Extension Road — part of the same luxury spine that runs through DLF's Golf Course Road belt, the M3M sector cluster, and established projects like Ireo Grand Arch and One Horizon Center. The sector has mature social infrastructure: GD Goenka, DPS, and several established schools are within reach; Medanta is a 15-20 minute drive; retail at Ambience, South Point Mall, and Garden Galleria is within the corridor.