Oberoi Realty signs pact for land parcel in Alibaug
Real estate developer Oberoi Realty has signed a development agreement for an 81.05-acre land parcel in Tekali village, Alibaug, near Mumbai. The firm would develop a high-end luxury five-star hotel and resort on 8.6 acres and build around 150 luxury branded residential villas on the remaining 72.45 acres.
The deal covers revenue and area sharing with the landowners.
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