Oberoi Realty Clarifies Court Order Regarding 'Three Sixty North' Project, Outlines Allotment Constraints

Oberoi Realty Clarifies Court Order Regarding 'Three Sixty North' Project, Outlines Allotment Constraints​

Oberoi Realty Limited has addressed media reports suggesting that the Punjab and Haryana High Court had restrained the company from making fresh allotments in its premium project, 'Three Sixty North,' located on Golf Course Extension Road, Sector 58, Gurugram. The company issued a clarification regarding the court's directions following an order passed by the Hon'ble Punjab and Haryana High Court on July 7, 2026.

The ruling stemmed from a Writ Petition filed by Advance India Projects Limited versus Director, Department of Town and Country Planning Haryana and others. The court order specifies clear directives related to the resolution of the land-use complaint for the project.

Key directions issued by the High Court concerning the ongoing matter include:

• Complaint Resolution: The Director, Town and Country Planning is directed to decide the filed complaint in accordance with law. A deadline of July 20, 2026, has been set for this decision, though the Director may hear the application on a day-to-day basis and decide it within an additional two weeks if needed. The final decision must be conveyed through a speaking order that considers all pleas raised by the involved parties.
• Allotment Status: Furthermore, until the complaint is decided, Respondent Nos. 3 to 14 are instructed that no further allotment shall be made to any prospective allottee, nor shall any new third-party rights be created.

Despite these restrictions on future allotments, Oberoi Realty Limited has stated that the order does not have an adverse material impact on the company's business and operations. The company confirmed that there is currently no stay on the construction of 'Three Sixty North,' and the directives do not affect existing sales already concluded.

The company noted that it will pursue the necessary legal course of action as advised by professional legal counsel, and issued a clarifying statement assuring stakeholders that current sales remain unaffected by the recent court proceedings.

OBEROIRLTY Stock Price Movement​

Today, Oberoi Realty Limited's stock gained 0.37%, concluding the trading session at ₹1877.0 after rising by ₹6.90. The equity saw a robust total volume of 1,677,373 shares traded throughout the day.