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Bloomberg Quint

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Image Credit: Bloomberg Quint

Oberoi Realty Expands Portfolio With 5-Star Hotel And Luxury Villas In Alibaug Near Mumbai

  • 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.

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