Oberoi Realty has partnered with landowners to develop a 5-star hotel and luxury villas on 81-acre land in Alibaug near Mumbai.Out of the total land, 8.6 acres will be earmarked for construction of a high-end luxury 5-star hotel/resort.The remaining 72.45 acres will be used to construct approximately 150 high-end luxury villas.The consideration for the transaction to the landowners is in the form of revenue and area share from the residential project.