OBEROI AMAN WORLI RESIDENCES (I-VEN REALTY) — New Project Coming Up in Worli, Mumbai

Oberoi Realty and Aman Group Partner for Worli Development

I Ven Realty, a joint venture of Oberoi Realty, its promoter Vikas Oberoi and Alpha Wave Ventures, has entered into an agreement with Switzerland based Aman Group to develop a luxury hotel and residential project in the Worli neighbourhood of Mumbai. The special purpose vehicle holds leasehold rights for land measuring 16,689.93 square metres, nearly four acres, on Dr Annie Besant Road in Worli.

Ownership and Structure

The strategic ownership of the joint venture sees Oberoi Realty hold 39.13 per cent, Vikas Oberoi hold 39.13 per cent and Alpha Wave Ventures hold 21.74 per cent of the SPV. The arrangement follows a hotel management, branding and marketing agreement for the development.

Project Scope

The development plan envisages a hotel of about 80 rooms together with food and beverage outlets and ancillary facilities, and approximately 150,000 to 200,000 sq ft of residences for sale with associated amenities. The residences will be branded and marketed under the Aman name.

Operational Timeline

Aman will manage and operate the hotel under the Aman brand, with the hotel expected to be operational by 31 August 2032. The initial management term is 25 years and includes an automatic extension for a further period of 10 years unless Aman elects other arrangements.

Location and Market Context

Worli has established itself as Mumbai's luxury residential powerhouse, a sea-facing peninsula that combines the prestige of South Mumbai with the modern infrastructure of a new-age micro-market. The Bandra-Worli Sea Link has fundamentally altered Worli's connectivity, putting Bandra and the western suburbs within 10 minutes. The Metro Line 3 stop further enhances accessibility.

For HNI buyers seeking a sea-view luxury home that holds value and appreciates steadily, Worli's scarcity of developable land and blue-chip developer presence make it one of the safest bets in Mumbai real estate.

About Oberoi Realty

Oberoi Realty is one of Mumbai's established real estate developers with a portfolio spanning residential, hospitality, office, and retail properties across the city and beyond. The company has positioned itself in the premium segment and has undertaken multiple high-profile developments in key Mumbai locations.