Oberoi Realty to redevelop housing project in Mumbai
Renowned real estate developer Oberoi Realty has signed an agreement to undertake the development of land and redevelopment of a large housing society. The project is spread over a 3.2-acre prime land parcel in the Adarsh Nagar area in central Mumbai’s plush Worli locality.
The land parcel is leased to the Maharashtra Housing and Area Development Authority (MHADA), on the land there are 7 residential buildings on the said plot with a total of 504 apartments. Oberoi Realty aims to generate a free sale component of around 6.24 lakh sq ft RERA carpet area from the development and redevelopment of the said land.
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