Oberoi Realty Defies Slowdown Talk, Pushes Ahead With Gurugram Launch
Oberoi Realty expects to receive project approvals for its upcoming Gurugram development within the next 30–40 days, following which the company will proceed with its RERA application. Vikas Oberoi, Chairman and Managing Director of the Mumbai-based listed developer Oberoi Realty, said the company is not witnessing any slowdown, adding that the current softness in the market is selective in nature — driven by specific developers, locations, and product types rather than a broader industry trend.
Vikas Oberoi, Chairman and Managing Director of Oberoi Realty, has dismissed concerns of a market slowdown, stating that any softness being seen in real estate today is developer-, location- and product-specific — not a sector-wide phenomenon. On the operational front, the Mumbai-based developer expects to secure approvals for its much-anticipated Gurugram project within 30–40 days, after which it will move swiftly to file for RERA registration.
Responding to a question on whether the company is seeing any slowdown in sustenance, Vikas Oberoi said, "Not really because like I said that we have increased prices in Goregaon (project), we have increased prices in Borivali (project), and we don't see any slowdown there at all. So it's developer-specific, it's location-specific, and it's product-specific, all three. And we tick all the boxes, I feel.
Also Read: Oberoi Realty is set to make its debut in Gurgaon with a luxury project inspired by Three Sixty West
Oberoi Realty's first project in Delhi NCR
In April 2025, Vikas Oberoi announced that the company would develop a high-end luxury project in sector 58 , Golf course extension road, Gurugram, featuring apartments ranging from 5,000 to 8,000 square feet.
"It is very similar to what we are doing, maybe a smaller version of Three Sixty West. It's high-end, high-quality, and it's very well designed," Oberoi had said.
In November 2023, the company announced the acquisition of 14.81 acres of land in Sector 58, Golf Course Extension Road, Gurugram, Haryana, for ₹597 crore. According to the company, the land has the potential to develop up to 2.6 million sq ft of floor area.
Strategic Location and Connectivity Advantages
Nestled on Golf Course Extension Road, the project commands one of the most prestigious addresses in Gurugram. Residents benefit from direct access to NH-48 and Sohna Road, placing Delhi and Manesar within easy reach, while corporate powerhouses like Cyber City and Udyog Vihar are just minutes away. For those who travel frequently, IGI Airport is a smooth 30–40 minute drive.
The surrounding social infrastructure further elevates the address — luxury hotels, international schools, premium retail destinations, and top-tier hospitals are all within close proximity, creating an ecosystem built for discerning living.
Investment Potential and Growth Opportunities
What makes this location particularly compelling, however, is its growth trajectory. Golf Course Extension Road has emerged as one of NCR's fastest-appreciating real estate corridors, with capital values rising steadily on the back of strong end-user demand, improving infrastructure, and a surge in Grade-A commercial development in neighbouring sectors. As Gurugram continues to attract multinational corporations and a highly skilled workforce, Sector 58 is well-positioned to deliver both lifestyle value and strong returns — making it a natural choice for investors and owner-occupiers alike.
Conclusion
Oberoi Realty expects to receive project approvals for its upcoming Gurugram development within the next 30–40 days, following which the company will proceed with its RERA application. One of Mumbai's most respected developers is finally coming to Delhi NCR, and it is safe to say Gurugram is ready for it. Explore some more projects by Oberoi Realty.
