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NSE
525.60
Change Change %
-19.90 -3.65%

Updated:20 Aug, 2019, 15:59 PM IST

BSE
529.60
Change Change %
-15.80 -2.90%

Updated:20 Aug, 2019, 16:01 PM IST

Oberoi Realty was incorporated as Kingston Properties Private Limited on May 8, 1998 under the Companies Act, 1956 in Mumbai. The name of the company was changed to Oberoi Realty Private Limited on October 23, 2009. The company was converted into a public limited company on December 14, 2009 and consequently, the name was changed to Oberoi Realty Limited.

The company is a real estate development company operating in Mumbai, focused on premium developments. The company has established a strong brand and a successful track record in the real estate industry by developing innovative projects through its emphasis on contemporary architecture, strong project execution and quality construction. While its focus is on residential projects, it has a diversified portfolio of projects covering key segments of the real estate market, which target the upper end of the respective income or market segment. It develops residential, office space, retail, hospitality and social infrastructure projects in mixed–use and single–segment developments.

The company uses a knowledge–based approach from internal and external sources in making land acquisition, development and lease/sales decisions. It also utilizes an outsourcing model that emphasizes quality design and construction. It works with several reputed international architects and domestic architects and contractors. The company believes that this outsourcing model provides us with the scalability required to undertake large developments.

Oberoi Realty currently follows a sale model for its residential projects and a lease model for a portion of its office space and retail projects as it believes this provides the company with stable cash flows. In hospitality projects, it currently follows an operating agreement model, whereby the hotel is owned by the company and operated by a hotel chain.

The company currently has eight ongoing and 19 planned projects, which it expects to provide a total saleable area of approximately 21,316,528 square feet.

Subsidiaries of the company

  • Expressions Realty
  • Kingston Hospitality and Developers
  • Kingston Property Services
  • Oberoi Constructions
  • Oberoi Mall
  • Triumph Realty
  • Perspective Realty

Group companies

  • Beachwood Properties
  • Envision Realty
  • I–Ven Realty
  • New Dimension Consultants
  • Oberoi Consultancy Services
  • Oberoi Estates
  • R S Estate Developers

Milestones

  • February 20, 2002: Acquisition of land at Goregaon, Mumbai from Ciba Specialty Chemicals (India). Acquisition of land at Goregaon, Mumbai from Novartis India Limited at Goregaon, Mumbai
  • April 8, 2003: OMPL became a 100% subsidiary of the company
  • February 10, 2005: Acquisition of development rights at Andheri (West), Mumbai from Excel Industries and Shroff Family Charitable Trust for development of property
  • March 31, 2005: Master Asset Purchase Agreement entered into between Tulip Hospitality Services, Tulip Hotels Private, Ajit Kerkar and SRPL for acquisition of Hotel Tulip Star at Juhu, Mumbai from Tulip Hospitality Services
  • September 26, 2005: Acquisition of land at Mulund, Mumbai from GlaxoSmithKline Pharmaceuticals
  • October 18, 2005: Acquisition of land at Andheri (East), Mumbai from Madhu Fantasy Land and Avinash Bhosale
  • December 21, 2006: OCPL became 100% subsidiary of the company
  • January 14, 2007: Investment in the company by SSIII by a fresh issue of 279,777 equity shares and 783 preference shares for Rs 5,967 million and Rs 783 million, respectively aggregating an investment of Rs 6,750 million
  • January 2, 2008: Hotel operating services agreement entered into between the company and Starwood Asia Pacific Hotels & Resort Pte for operating The Westin Mumbai – Garden City hotel at Goregaon (East), Mumbai
  • September 23, 2009: Joint Venture agreement entered into between the company, Skylark Build and Shree Vrunda Enterprises for the development of the free–sale component under slum rehabilitation scheme at Annie Besant Road, Worli, Mumbai
  • 2010
    – Vikas Oberoi wins the ‘The true entrepreneur of the year’ award
    – Oberoi Realty launches Oberoi Splendor Grande at MCHI
  • 2011
    – Oberoi Realty signs Samsung C&T for its iconic South Mumbai project
  • 2012
    – Oberoi Realty bags awards for residential developments
    – Oberoi Realty wins master brand 2012 status by CMO council & CMO asia & asian confederation of business
    – Oberoi Realty wins prestigious international property awards–asia pacific
  • 2013
    – Oberoi Exquisite awarded as the ‘Best 50% Complete Residential Project under Luxury Segment in MMR’ by ‘CNBC AWAAZ Real Estate Awards 2013’
    – 'Oberoi Garden City’ Awarded as the ‘Integrated Township of the year’

Awards

  • 2010
    Asia Retail Congress Awards 2010
    Shoppers & Consumer Insights Awards 2010
    Construction World Architect and Builder Awards 2010
    EPC World Awards
    Accommodation Times Awards 2010
  • 2011
    Asia Pacific Entre– preneurship Awards
    Asia Retail Congress Awards 2011
    Society Interiors Building Design Awards
    Hotel Investment Conference – South Asia
    Pevonia asiaSpa India Awards
    Property World Awards
    Construction Week India Awards
    Travel & Leisure India's Best Awards 2011
    Franchise India
    VM & RD Retail Design Awards
  • 2012
    CNBC Awaaz Real Estate Awards 2012
    India Human Capital Awards 2012
    7th Employer Branding Awards
    Brands Academy SAARC and ASEAN Real Estate Awards in association with NDTV Profit
    Estate Awards 2012 in association with Bloomberg TV & Franchise India
    CMO Council & CMO Asia
    All –Asia Executive Team by Institutional Investor
    International Property Awards – Asia Pacific 2012–13
    Asia Retail Congress Awards
    Emerging Markets
    Construction Week India Awards
    7th Construction World Architect & Builder Awards
  • 2013
    CNBC AWAAZ Real Estate Awards 2013
    Great Indian Marketing Summit – Realty Conclave
    Asia Pacific Property Awards
    Realty Plus Excellence Awards 2013
    7th Employer Branding Awards
    Asia Retail Awards 2013 – for 50:50 Single day Flash Sale event

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