Oberoi Realty Alibaug: A Bold Step Towards Luxury Living and Hospitality

Mumbai-based real estate giant Oberoi Realty Ltd has announced the acquisition of an expansive 81.05-acre land parcel in Alibaug, Maharashtra. The agreement, signed on December 23, marks a significant step towards transforming Tekali village in Raigad district into a hub for luxury living and high-end hospitality.

Plans for a Five-Star Resort and Premium Villas

In a regulatory filing, Oberoi Realty revealed its vision for the newly acquired land. A segment of 8.6 acres (34,803 square meters) has been reserved for a high-end five-star hotel or resort. The resort is set to feature 30,000 square meters of floor space, ensuring a world-class experience for future guests.

The remaining 72.45 acres (approximately 293,207 square meters) will be dedicated to developing 150 branded, fully serviced residential villas. These luxury homes, with an estimated floor space index (FSI) of 120,000 square meters, are designed to cater to discerning buyers seeking exclusivity and sophistication.

Strategic Partnership with Landowners

Oberoi Realty has structured the agreement to benefit the landowners through a combination of revenue and area shares from the residential project. The company has already taken physical possession of the site, enabling the swift commencement of the development process.

Market Impact of the Announcement

Following the news, shares of Oberoi Realty Ltd experienced a modest uptick. The stock closed at INR 2,262.25 on the Bombay Stock Exchange (BSE), registering a gain of INR 16.00, or 0.71%. This development has further solidified the company’s reputation as a leader in premium real estate.

Vision for Alibaug’s Transformation

The project underscores Oberoi Realty’s commitment to enhancing Alibaug's appeal as a premier destination for luxury living and leisure. The planned villas and resort are expected to elevate the region's profile, drawing interest from affluent individuals and tourists alike.

Highlights of Oberoi Realty Alibaug Project

• Land Acquisition: 81.05-acre plot in Tekali village, Raigad district, Maharashtra.
• Five-Star Resort: Spanning 8.6 acres with a 30,000-square-meter FSI.
• Luxury Villas: 150 branded, fully serviced villas on 72.45 acres with a 120,000-square-meter FSI.
• Landowner Benefits: Compensation through revenue and area shares from the residential project.
• Market Response: Shares of Oberoi Realty rose by 0.71% to INR 2,262.25 on the BSE.
• Vision: Positioning Alibaug as a luxury and hospitality hub.

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