| Type | Public |
|---|---|
| Traded as | BSE: 533273 NSE: OBEROIRLTY |
| Industry | Real estate |
| Founded | 1980 |
| Headquarters | Mumbai, India |
| Key people | Vikas Oberoi, Managing director[1][2] |
| Products | Offices Apartments Shopping Malls[3] Hotels Golf courses |
| Website | www.oberoirealty.com/ |
Oberoi Realty (Oberoi Constructions) is one of the India's biggest real estate developer based in Mumbai, Maharashtra.[4] It is led by billionaire Vikas Oberoi.[4] It has completed 32 projects covering approximately 4.979 million square feet of saleable area spread across the city of Mumbai. Its main interest is in Residential, Office Space, Retail, Hospitality and Social Infrastructure properties in Mumbai, the commercial capital of India.
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It was incorporated in early 1980 as Oberoi Constructions which later changed to Oberoi Realty Limited. It was listed on Mumbai Stock Exchange in 2010.[5]
Indian Billionaire Vikas Oberoi is the Promoter of Oberoi Construction. He inherited his fortune – Oberoi Construction.
Oberoi Construction was started in 1985 by his father from the profits of family's saffron-trading business. Since taking over in 1997 Oberoi has built on inheritance with several upmarket residential and commercial projects. He has 79% stake in Mumbai developer Oberoi Realty, which he took public last year. It has built 34 projects covering 5 million square feet in suburban Mumbai. Showpiece is Oberoi Garden City, an 80-acre complex.
Got noticed when, backed by a venture capital firm, he scooped up GlaxoSmithkline's corporate headquarters for $24 million in a hotly contested auction in 2003. Recently, Morgan Stanley's real estate arm invested $152 million for a reported 10% stake.
He married Gayatri Joshi a Former Bollywood Actress in 2005 and has two sons. He owns a 4-seater Cirrus airplane, which he pilots. [1]
Established in the year 2006, Oberoi Foundation will be taking ahead Oberoi Realty's social initiatives. The Foundation has been established for promoting education and providing state-of-the-art medical facilities through its varied initiatives.
Oberoi International School is an initiative of the Oberoi Foundation to provide world-class education focusing on the holistic development of young learners. Backed by excellent infrastructure and the latest technologies, we aim to mould our students into future global citizens.