Oberoi Realty inks 18-acre Thane land deal
- Oberoi Realty has full development rights to build residential buildings on the property. It will launch and sell the project under its own brand. The land owner will get 23% of the net realisation generated out of the project. Oberoi gets the remaining 77% share
BENGALURU: Oberoi Realty Ltd. has signed a joint development agreement for an 18.28 acre land parcel in Kolshet, Thane, near Mumbai, with a local developer. The transaction values the land at ₹404 crore, slightly above the current ready reckoner rate, and translates to around ₹22 crore per acre.
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