Mumbai-based Oberoi Realty is stepping into the Gurugram property market with a luxury residential project. The new development will feature spacious apartments ranging from 5,000 sq.ft. to 8,000 sq.ft. This project will be inspired by Oberoi Realty’s premium development, Three Sixty West, located in Mumbai’s Worli area, where apartments are priced at ₹1.5 lakh per square foot.

“The Gurugram project will target the high-end segment. It is very similar to what we are doing, maybe a smaller version of Three Sixty West. It will start with 5,000 (sq ft) or so, and will go up to 7,500, 8,000 (sq ft). So it’s literally that sort of product, it's high-end, high-quality, and it's very well designed," Mr. Oberoi told Hindustan Times.

Mr. Oberoi added that the project is progressing smoothly in terms of approvals. “We’ve already received some key approvals and expect the rest to follow soon. Everything is on track,” he said.

Last November, Oberoi Realty purchased a 14.81-acre land parcel in Sector 58, Gurugram, for ₹597 crore. Sector 58 lies on the junction of two major roads, the Golf Course Road and Golf Course Extension Road; and has the potential to support around 2.6 million square feet of built-up area. The company aims to launch the project in the second half of the current financial year. 

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