Oberoi Realty Enters Development Agreement for Peddar Road Redevelopment
Oberoi Realty Limited announced today, March 28, 2026, that it has entered into a Development Agreement with two housing societies located on M.L. Dahanukar Marg and Dr. G. Deskhmukh Marg, Peddar Road, Mumbai. The agreement pertains to the redevelopment of lands encompassing approximately 4,800 square meters, accounting for setback areas.The redevelopment project is expected to yield a free sale component of up to 140,000 square feet, measured as RERA Carpet area. This entitlement is contingent upon the provisions outlined in the Development Control & Promotion Regulations for Greater Mumbai, 2034, and applicable law.
Bhaskar Kshirsagar, Company Secretary, confirmed the development.
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