Oberoi Realty plans Oberoi Aurelius on Peddar Road, South Mumbai
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Oberoi Realty Limited has moved ahead with a residential redevelopment on Peddar Road in South Mumbai, to be marketed as Oberoi Aurelius. The developer confirmed a development agreement with two adjacent housing societies on March 28, 2026, covering a combined parcel of roughly 4,800 sq m along M.L. Dahanukar Marg and Dr. G. Deshmukh Marg. The project is currently Upcoming, with 3 BHK and 4 BHK apartments planned and pricing on request.
The company filed the development agreement with the stock exchanges on March 30, 2026, and listed the project among its launches for the second half of FY27, which runs from October 2026 to March 2027. For buyers tracking Oberoi Realty's Mumbai pipeline, the project is one of the company's few South Mumbai residential plans announced this year, and it arrives at a time when the company is also advancing other redevelopment projects. The timing of the launch will depend on the approvals still in progress, and buyers should follow the Oberoi Aurelius project page for updates as the launch window approaches.
The details of the Peddar Road plan
The project is planned as a single tower. Under the development agreement, the free-sale entitlement is up to 1.40 lakh sq ft of RERA carpet area, subject to compliance with the Development Control and Promotion Regulations for Greater Mumbai, 2034. The homes are planned as 3 BHK and 4 BHK residences.
Key facts on the plan so far:
- Developer: Oberoi Realty Limited
- Configurations: 3 BHK and 4 BHK apartments
- Land: approximately 4,800 sq m, subject to set-back deductions
- Free-sale entitlement: up to 1.40 lakh sq ft RERA carpet area
- Towers: one
- Status: Upcoming
- Planned launch: second half of FY27
Marketing material for the project describes a set of planned amenities, including a clubhouse with indoor games and a party hall, a temperature-controlled swimming pool with a separate kids' pool, a gymnasium with a yoga studio, jogging and cycling tracks, tennis and basketball courts, a children's play area, a private theatre, and landscaped gardens. Planned specifications include vitrified tiles in the living and dining areas, a modular kitchen with a granite countertop, branded sanitary fittings, and power backup for common areas. Final amenities and specifications will be set out in the developer's own documents.
For context on pricing, the average asking price on Peddar Road was about Rs 70,000 per sq ft in the 2026 market guide, up 13.6 percent year on year. A 3 BHK on the road has typically been priced between Rs 10 crore and Rs 14 crore.
The location and connectivity
The site sits on Peddar Road, a central South Mumbai arterial that runs from Bhulabhai Desai Road to Kemps Corner. Mumbai Central and Grant Road stations are about 3 km away, and Mahalaxmi station is nearby. Nariman Point and the Bombay Stock Exchange are within 8 km, and the Western and Eastern Express Highways are accessible from the area. Chhatrapati Shivaji Maharaj International Airport is roughly 20 to 25 km away.
Metro Line 3, the Aqua Line, is expected to improve links to business districts and residential areas, and Grant Road is listed as a future metro connection. The Bandra-Worli Sea Link provides quick access to the western suburbs. Jaslok and Breach Candy hospitals are within walking distance, and Cathedral School is listed as close by. Phoenix Palladium and Bayside Mall are the main shopping destinations nearby.
Several road projects are planned in the wider area. A proposed Peddar Road flyover, around 4.2 km long and starting at the Haji Ali junction, is estimated at Rs 380 crore, and MMRDA has begun work on a techno-economic study and detailed project report for an integrated underground road network in the city.
The developer behind the project
Oberoi Realty was founded by Ranvir Oberoi and incorporated in 1998 under the Companies Act, 1956. The company is listed on the BSE and the NSE and operates in Mumbai, the Mumbai Metropolitan Region and Gurugram. It has completed 51 projects in Mumbai, with about 17.2 million sq ft delivered, and its Mumbai deliveries include Oberoi Esquire and Oberoi Prisma. In the second quarter of FY27, the company reported pre-sales of Rs 9,150 crore.
Brokerage research has estimated the gross sales potential of the Peddar Road redevelopment above Rs 1,500 crore, which places it among the larger residential projects in the company's current pipeline.
What comes next
The next milestone is the planned launch in the second half of FY27, subject to the approvals that management has said are still in progress. Registration under RERA, the release of pricing and booking details, and the confirmation of unit sizes are the steps buyers should watch. Motilal Oswal retained its Buy rating on Oberoi Realty in October 2026 and kept the Peddar Road project in the remaining FY27 pipeline, and the company has indicated that the Peddar Road development agreement is now about six months old, with construction yet to begin.