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Construction : Real Estate Update | November 2016 | Source : CW-India

New business unit for Oberoi realty

Oberoi Realty plans to set up a separate shopping mall business unit, under which it plans to build a significant retail portfolio in the next few years and eventually venture into REIT listing. The Mumbai-based firm, which is largely focused on residential business, currently operates one mall in Mumbai under a special purpose vehicle called Oberoi Mall. It has already chalked out plans to build two more malls in the city as part of an ongoing mixed-use development. It is also looking to step out of the city for the first time to expand its retail business either through acquisition of existing malls or building new ones.

Contact: Oberoi Realty.

Tel: 022-6677 3333.

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