Oberoi Realty EVP – Construction Milind Naik Resigns Effective April 30, 2026
Oberoi Realty Senior Construction Executive Departs
Oberoi Realty Limited announced the resignation of Mr. Milind Naik from his position as Executive Vice President – Construction, effective April 30, 2026. The resignation was formally disclosed under SEBI regulations with the original resignation letter dated February 24, 2026, citing future better prospects as the reason for departure.
Regulatory Disclosure and Timeline
The company disclosed this development under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resignation was formally communicated to both BSE Limited and National Stock Exchange of India Limited on April 30, 2026. Mr. Naik submitted his resignation letter to Mr. Vikas Oberoi, Managing Director of Oberoi Realty Limited.
Mr. Naik expressed gratitude to the management in his resignation letter, thanking them for their support and guidance during his tenure with the company.
About Oberoi Realty
Oberoi Realty Limited was incorporated on May 8, 1998 as Kingston Properties Pvt Ltd. In October 2009, the company name was changed to Oberoi Realty Pvt Ltd, and in December 2009, it was converted into a public limited company. The company is focused on premium developments in the residential, office space, retail, hospitality and social infrastructure projects.
The company has developed approximately 47 projects at locations across the Mumbai skyline aggregating about 13.65 million square feet of spaces. The company operates in the real estate and hospitality sectors, targeting Thane and Mumbai cities. Chairman and Managing Director Vikas Oberoi has been on the Board since the inception of Oberoi Realty, and with over two decades of experience brings a unique perspective and global approach to expansion, diversification, and management of the organisation.
Recent developments for the company include the National Company Law Tribunal's approval for Oberoi Realty's amalgamation with wholly-owned subsidiary Nirmal Lifestyle Realty Private Limited, approved on April 6, 2026, to simplify the group structure and achieve operational synergies. Additionally, in June 2026, Oberoi Realty announced its foray into the Delhi-NCR market with the launch of Three Sixty North, located at Golf Course Extension Road in Gurugram, comprising 832 units across 6 towers.