Oberoi Realty’s joint venture, I-Ven Realty Ltd, has signed agreements with Aman Group SARL to develop a luxury hotel and branded residences in Worli, Mumbai. The project includes an 80-room hotel and 150,000–200,000 sq. ft. of residences, reinforcing Oberoi’s premium positioning in India’s real estate sector.
Oberoi Realty Limited announced that its joint venture, I-Ven Realty Ltd, has signed definitive agreements with Aman Group SARL to develop a landmark luxury project in Worli, Mumbai.
Key Highlights
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Prime Location: The development spans a 16,689.93 sq. mt. land parcel on Dr. Annie Besant Road, Worli.
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Luxury Hotel: Aman will manage and operate an 80-room luxury hotel under its globally renowned brand.
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Branded Residences: The project includes 150,000–200,000 sq. ft. of premium residences, marketed and sold under Aman’s licensed marks.
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Long-Term Partnership: Agreements include a 25-year initial term with a 10-year automatic extension, ensuring sustained collaboration.
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Operational Timeline: The hotel is expected to be operational by August 31, 2032.
This partnership marks a significant milestone for Oberoi Realty, reinforcing its position in India’s luxury real estate and hospitality market. By combining Aman’s global expertise in ultra-luxury hospitality with Oberoi’s strong development capabilities, the project is set to redefine premium living and hospitality standards in Mumbai.
Sources: Reuters, Economic Times, InvestyWise, ScanX News