Oberoi Realty

Oberoi Realty Limited
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 a 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.

Oasis Tower, The second tallest tower inIndia is developed by Oberoi Realty.[5]

History

It was incorporated in early 1980 as Oberoi Constructions which later changed to Oberoi Realty Limited. It was listed on Bombay Stock Exchange in 2010.[6]

Vikas Oberoi

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 75% 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.

On April 5, 2014 the court issued arrest warrant against Vikas Oberoi for not appearing for the court proceedings in a cheating case.

Oberoi Foundation

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 medical facilities through its varied initiatives.

Oberoi International School

Oberoi International School is an initiative of the Oberoi Foundation.

See also

References

  1. ↑ "Won’t get a home below Rs20 lakh in city - Mumbai - DNA". Dnaindia.com. 2008-12-17. Retrieved 2011-02-02.
  2. ↑ "65-floor fantasy tower will rise in Worli - Mumbai - DNA". Dnaindia.com. 2006-04-25. Retrieved 2011-02-02.
  3. ↑ "The Hindu Business Line : Oberoi Constructions enters retail space, opens mall in Mumbai". Thehindubusinessline.in. 2008-06-11. Retrieved 2011-02-02.
  4. ↑ 4.0 4.1 Raghavendra Kamath / Mumbai March 13, 2008, 5:40 IST (2008-03-13). "Oberois plan Rs 4,000 cr IPO". Business-standard.com. Retrieved 2011-02-02.
  5. ↑ http://skyscrapercenter.com/create.php?list_status=COM&status_COM=on&status_UC=on&status_UCT=on&status_DEM=on&list_city=IN-BOM&search=yes
  6. ↑ "BSE Plus". Bseindia.com. Retrieved 2011-02-02.

External links