Oberoi Realty’s Joint Venture I-Ven Realty Partners with AMAN Group for Luxury Hotel and Branded Residences

Oberoi Realty Limited has announced that its joint venture, I-Ven Realty Limited, has entered into a strategic partnership with the prestigious AMAN GROUP SARL, Switzerland. This collaboration centres on a prime 4-acre land parcel located at Dr Annie Besant Road in Worli, Mumbai. The development plan for this site includes an ultra-luxury hotel featuring approximately 80 guest rooms and an expansive residential component offering between 150,000 to 200,000 square feet of carpet area for sale. Under the newly signed Hotel Management and Residences Branding agreements, the property will be developed and marketed under the globally renowned 'Aman' brand, leveraging their expertise in high-end hospitality and villa management.

The agreements establish a long-term commitment, with the hotel expected to become operational by August 31, 2032. Aman will manage and operate the facilities for an initial tenure of 25 years, with a provision for an automatic 10-year extension. While Oberoi Realty holds a 39.13 per cent stake in the SPV, the project is further backed by promoter Mr Vikas Oberoi and Alpha Wave Ventures II, LP. This partnership is expected to significantly enhance the value of the Worli development, positioning it as a premier destination for luxury living and hospitality in India through the global prestige of the Aman mark.

About Oberoi Realty Limited

Oberoi Realty Ltd. is one of India’s leading Real Estate development company, headquartered in Mumbai. It is focused on premium developments in the residential, office space, retail, hospitality and social infrastructure verticals. In the real estate space, Oberoi Realty is an established brand with an impeccable track record. Its primary aim is to build aspirational developments for its customers with distinctive designs, functional aesthetics and quality finishes that translate into landmark projects through its mixed-use and single-segment developments. This mix of innovative design, planning initiatives and use of cutting-edge technologies has enabled the company to successfully deliver 51 completed projects across Mumbai, the financial capital of India.

Oberoi Realty Limited demonstrated consistent growth in its Q3 and 9M FY26 financial results, driven by strong residential demand and high-performing commercial assets. For the third quarter, revenue rose to Rs 1,561.74 crore, contributing to a nine-month total of Rs 4,480.56 crore, while profitability remained robust with a cumulative Profit After Tax of Rs 1,802.96 crore and an EBITDA of Rs 2,619.22 crore. This fiscal health is underpinned by resilient luxury residential sales and steady leasing activity in the retail sector, bolstered by high festive footfalls at Oberoi Mall and Sky City Mall. The company’s operational success was further highlighted by industry recognition, including Sky City Mall being named "Global Retail Project of the Year," signalling sustained momentum across its diverse real estate portfolio.

Disclaimer: The article is for informational purposes only and not investment advice.