Oberoi Realty
Encyclopedia
Oberoi Realty is one of the India's biggest real estate developer based in Mumbai
, Maharashtra
. It is led by billionaire Vikas Oberoi. It has completed 32 projects covering approximately 4.979 million square feet of saleable area spread across the city of Mumbai
. Its main interest is in Residential, Office Space, Retail, Hospitality and Social Infrastructure properties in Mumbai
, the commercial capital of India
.
Oberoi Construction was started in 1985 by his father from the profits of family's saffron-trading business. Since taking over in 1997 Oberoi has built on inheritance with several upmarket residential and commercial projects. He has 79% stake in Mumbai developer Oberoi Realty, which he took public last year. It has built 34 projects covering 5 million square feet in suburban Mumbai. Showpiece is Oberoi Garden City, an 80-acre complex.
Got noticed when, backed by a venture capital firm, he scooped up GlaxoSmithkline's corporate headquarters for $24 million in a hotly contested auction in 2003. Recently, Morgan Stanley
's real estate arm invested $152 million for a reported 10% stake.
He married Gayatri Joshi
a Former Bollywood Actress in 2005 and has two sons. He owns a 4-seater Cirrus airplane, which he pilots. http://www.forbes.com/lists/2011/77/india-billionaires-11_Vikas-Oberoi_Y712.html
Oberoi International School
Oberoi International School is an initiative of the Oberoi Foundation to provide world-class education focusing on the holistic development of young learners. Backed by excellent infrastructure and the latest technologies, we aim to mould our students into future global citizens.
Mumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
, Maharashtra
Maharashtra
Maharashtra is a state located in India. It is the second most populous after Uttar Pradesh and third largest state by area in India...
. It is led by billionaire Vikas Oberoi. It has completed 32 projects covering approximately 4.979 million square feet of saleable area spread across the city of Mumbai
Mumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
. Its main interest is in Residential, Office Space, Retail, Hospitality and Social Infrastructure properties in Mumbai
Mumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
, the commercial capital of India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
.
History
It was incorporated in early 1980 as Oberoi Constructions which later changed to Oberoi Realty Limited. It was listed on Mumbai Stock Exchange in 2010.Vikas Oberoi
Indian Billionaire Vikas Oberoi is the Promoter of Oberoi Construction. He inherited his fortune – Oberoi Construction.Oberoi Construction was started in 1985 by his father from the profits of family's saffron-trading business. Since taking over in 1997 Oberoi has built on inheritance with several upmarket residential and commercial projects. He has 79% stake in Mumbai developer Oberoi Realty, which he took public last year. It has built 34 projects covering 5 million square feet in suburban Mumbai. Showpiece is Oberoi Garden City, an 80-acre complex.
Got noticed when, backed by a venture capital firm, he scooped up GlaxoSmithkline's corporate headquarters for $24 million in a hotly contested auction in 2003. Recently, Morgan Stanley
Morgan Stanley
Morgan Stanley is a global financial services firm headquartered in New York City serving a diversified group of corporations, governments, financial institutions, and individuals. Morgan Stanley also operates in 36 countries around the world, with over 600 offices and a workforce of over 60,000....
's real estate arm invested $152 million for a reported 10% stake.
He married Gayatri Joshi
Gayatri Joshi
Gayatri Joshi is a model turned Bollywood actress. Her first film was 2004's Swades.- Career :She was one of the final five candidates in the 1999 Femina Miss India beauty pageant, and was crowned Sony Entertainment Chania-voted by viewers, and was chosen to represent India at the 2000 Miss...
a Former Bollywood Actress in 2005 and has two sons. He owns a 4-seater Cirrus airplane, which he pilots. http://www.forbes.com/lists/2011/77/india-billionaires-11_Vikas-Oberoi_Y712.html
Oberoi Foundation
Established in the year 2006, Oberoi Foundation will be taking ahead Oberoi Realty's social initiatives. The Foundation has been established for promoting education and providing state-of-the-art medical facilities through its varied initiatives.Oberoi International SchoolOberoi International SchoolOberoi International School is an International School in Mumbai, India, it was opened on the 17 July, 2008, and is directed by Ms Bindu Oberoi, who has directed it since the school was started...
Oberoi International School is an initiative of the Oberoi Foundation to provide world-class education focusing on the holistic development of young learners. Backed by excellent infrastructure and the latest technologies, we aim to mould our students into future global citizens.External Links
- Oberoi Cons may buy The Beach in Goa
- Oberoi Constructions plans to raise $300-500 mn via IPO
- Oberoi Constructions plans Investment
- Morgan Stanley backs Oberoi Constructions
- Morgan Stanley Real Estate Invests Rs. 675 Crore in Oberoi Constructions in India
- Oberoi Constructions to raise Rs 100 crore through its IPO