Vikas Oberoi Signals Three Sixty North Phase 2 Launch in FY28, Adding One More Residential Tower in Gurugram

Phase 2 Preparation Following Complete Phase 1 Sell-Out

Oberoi Realty is preparing to launch the second phase of its luxury project, Three Sixty North, in the next financial year, according to Chairman and Managing Director Vikas Oberoi. After the successful first phase, Oberoi Realty is preparing to launch the second phase, which will include one additional residential tower.

The company launched the first phase on June 29 and has already sold all the apartments that were released. The first phase of Three Sixty North includes 832 luxury apartments across six residential towers.

Market Reception and Demand Dynamics

The project received demand that was much higher than the available inventory. According to him, the company received interest from nearly four buyers for every apartment launched. Oberoi Realty recorded sales worth around ₹8,100 crore, but if every interested buyer had been accommodated, the value of bookings could have reached nearly ₹30,000 crore.

The Gurugram project has already created an order book that is expected to be larger than the company's annual sales in the Mumbai market, giving Oberoi Realty greater confidence about its future expansion in North India.

Project Scale and Timeline

The luxury project is spread across 14.8 acres on Golf Course Extension Road in Sector 58, Gurugram. Once completed, the master plan will include seven residential towers, landscaped gardens, Club Three Sixty North, retail spaces, cafés and other lifestyle amenities designed for premium living.

Oberoi Realty has estimated that Three Sixty North will have a total revenue potential of around ₹16,000 crore after both phases are completed.

Pricing and Configuration

Homes in the project are available in 3 BHK + Studio, 4 BHK + Studio, duplex, and penthouse configurations, with prices starting from ₹18 crore, excluding taxes.

Developer Background

Oberoi Realty has delivered 17.3 mn sq ft in the Mumbai Metropolitan Region over four decades and has more than 34 mn sq ft under construction. The project is inspired by Oberoi Realty's flagship Three Sixty West in Mumbai, one of India's best-known luxury residential developments. The entry into Gurugram represents a strategic step as the developer seeks to replicate its design-led approach in one of India's leading residential markets.