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.
Also Read: Oberoi Realty to redevelop housing project in Mumbai
