Oberoi Realty Clarifies Status of Gurugram ‘Three Sixty North’ Project

MUMBAI/GURUGRAM — Oberoi Realty Limited has issued a formal clarification regarding recent media reports suggesting that the Punjab and Haryana High Court had restrained the company from making fresh allotments at its newly launched luxury residential project, "Three Sixty North," in Gurugram. The project, which marked the Mumbai-based developer's high-profile entry into the Delhi-NCR market, has seen significant market interest since its launch in late June 2026.

In response to inquiries from stakeholders and the media, Oberoi Realty emphasized that its operations remain compliant with regulatory approvals, including those granted by the Haryana Real Estate Regulatory Authority (HRERA). The company indicated that it is addressing all ongoing legal formalities with transparency and is working to ensure that the development of the 14.8-acre project proceeds as planned.

Project Context and Market Performance

The "Three Sixty North" development, located on Golf Course Extension Road in Sector 58, Gurugram, represents a major investment by the developer. Launched on June 29, 2026, the project comprises two phases and seven residential towers, with the first phase featuring 432 luxury residences.

Following the launch, the project reported robust demand, with official company disclosures confirming gross bookings exceeding ₹8,109 crore. This rapid uptake underscores the strong appeal of the brand as it seeks to replicate the success of its flagship projects in Mumbai. The company previously confirmed that the project is being developed in phases, with each phase separately registered under HRERA to ensure full regulatory compliance.

Official Stance on Legal Developments

According to company representatives, Oberoi Realty is fully engaged with the relevant legal and regulatory authorities to resolve any procedural concerns raised in the High Court. The developer maintains that all necessary land titles and development permissions were secured prior to the project’s launch.

"The company is committed to upholding the highest standards of transparency and corporate governance," officials stated in a recent disclosure. They further noted that the "Three Sixty North" development remains a centerpiece of the firm’s geographic diversification strategy, intended to anchor its footprint in the competitive Delhi-NCR luxury housing market.

Quote Section

"According to official statements, the Punjab and Haryana High Court ruling does not affect current sales or ongoing construction at its luxury Gurugram project. The company continues to move forward with regulatory approvals and maintains its commitment to project timelines and delivery standards."

Why It Matters

For investors and homebuyers, the clarification from Oberoi Realty is crucial as it addresses the status of the "Three Sixty North" development amid circulating legal reports. As one of India's leading real estate developers, any uncertainty regarding a major launch in a new market like Gurugram naturally draws significant market attention. The company's proactive communication is aimed at maintaining investor confidence and ensuring that the project—which promises to be a benchmark for luxury living in the National Capital Region—stays on its construction trajectory.

Key Facts at a Glance

• Project Name: Three Sixty North, Gurugram.

• Scale: 14.8 acres, featuring seven residential towers across two phases.

• Market Entry: This project marks Oberoi Realty's debut in the Delhi-NCR luxury market.

• Financials: The project recorded gross bookings of approximately ₹8,109 crore within days of its June 2026 launch.

• Current Status: The company is addressing legal queries and continues to move forward with regulatory approvals and construction.

FAQ

Is the "Three Sixty North" project halted? Oberoi Realty has clarified that it is working through legal formalities and maintaining regulatory compliance, emphasizing that the project remains a key component of its expansion strategy and that construction continues as planned.

What is the significance of HRERA approval? HRERA registration confirms that the project meets the legal standards set by the state government for real estate development in Haryana, providing a framework for buyer protection and project transparency.

Does this affect existing bookings? The company has not indicated any changes to existing bookings and continues to emphasize its commitment to project timelines and delivery standards.

Official Sources

• Oberoi Realty Limited Official Exchange Filings (BSE/NSE)

• Haryana Real Estate Regulatory Authority (HRERA) Project Records

• Ministry of Corporate Affairs (MCA) – Corporate Filings