ANI
20 Nov 2023, 15:55 GMT+10
New Delhi [India], November 20 (ANI): Shares of Oberoi Realty traded firm on Monday morning after the real estate developer over the weekend announced its foray into the National Capital Region.
At the time of filing this report, the realty company's shares were 3 per cent higher at Rs 1,380. Its intra-day high is Rs 1,406.
So far in 2023, the shares climbed a whopping 58 per cent, accumulating handsome gains for its shareholders.
Late last week, the company executed an agreement for sale with Ireo Residences Company Private Limited and others for acquiring land measuring approximately 14.816 acres equivalent to 59,956.20 square meters at Sector 58, Gurugram in Haryana.
The consideration for the transaction is up to Rs 597 crore, and up to a certain area in the project for the existing homeowners and others, the company informed stock exchanges on Sunday evening.
The company's entitlement from the project at full potential is presently estimated to be upto 2.6 million square feet of floor area ratio (FAR) as per the extant rules, regulations and policies.
"Upon execution of the above agreement, the company has taken possession of the above (mentioned) land," the stock filing read.
This transaction marks the company's foray into the NCR region. The company intends to primarily develop a luxury residential group housing project on the said land. (ANI)
Get a daily dose of Munich Metro news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Munich Metro.
More InformationDUBLIN, Ireland: The latest Balance for Better Business report has revealed that women now hold 39 percent of board positions ...
BRUSSELS, Belgium: To address power shortages at electric vehicle (EV) charging stations, last week, the European Commission announced plans to ...
The U.S. has supplied Israel with scores of BLU-109 bunker-buster bombs since October 7, the Wall Street Journal has reported, ...
DUBAI, UNITED ARAB EMIRATES - More than 60 countries signed onto a pledge to sharply reduce cooling-related carbon emissions at ...
The complaint is related to steel and aluminum tariffs imposed during the Trump administrationThe EU is considering reopening a case ...
Winter deliveries to Asia will start along the Northern Sea Route next monthMoscow plans to start year-round LNG deliveries to ...
NEW YORK, New York - The U.S. was alone on Friday in a 13-1 vote for a ceasefire in the ...
WASHINGTON D.C.: The Associated Press (AP) reported that Manuel Rocha, a former American diplomat who served as U.S. ambassador to ...
MADISON, Wisconsin: On November 30, Hridindu Sankar Roychowdhury from Wisconsin pleaded guilty to firebombing a conservative anti-abortion group's office on ...
An Israeli tank crew killed a Reuters journalist and wounded six reporters in Lebanon on Oct. 13 by firing two ...
WASHINGTON DC - In a major blow to U.S. President Joe Biden, less that a year out from the November ...
TOKYO, Japan: This week, the U.S. Air Force said that divers have discovered the wreckage and the remains of five ...