ANI
20 Nov 2023, 11:25 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 Mexico Star 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 Mexico Star.
More InformationPARIS, France: France is taking stronger steps to reduce smoking. A new health rule announced on Saturday will soon ban smoking in...
VILNIUS, Lithuania – A growing body of research suggests that selectively restricting a single nutrient in our diet could have profound...
(Photo credit: Paul Witwer/Standard-Times / USA TODAY NETWORK via Imagn Images) The Houston Texans announced a $500,000 commitment...
Baksa (Assam) [India], July 5 (ANI): Assam Chief Minister Himanta Biswa Sarma visited Baksa district on Saturday following review meetings...
Abu Dhabi [UAE], July 5 (ANI/WAM): A UAE humanitarian aid ship carrying a range of relief materials has arrived to support the people...
* China's first LEGOLAND resort opened on Saturday in Shanghai. * Spanning 318,000 square meters, LEGOLAND Shanghai Resort is the...
MADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...
LONDON, U.K.: An unrelenting heatwave sweeping across Europe has pushed early summer temperatures to historic highs, triggering deadly...
President Donald Trump's plans to build a space-based Golden Dome missile defense shield have drawn immediate criticism from China,...
NEW YORK CITY, New York: Paramount has agreed to pay US$16 million to settle a lawsuit brought by U.S. President Donald Trump over...
LONDON, U.K.: British Prime Minister Keir Starmer won a vote in Parliament this week to move ahead with changes to the country's welfare...
WASHINGTON, D.C.: President Donald Trump will meet Israeli Prime Minister Benjamin Netanyahu at the White House on Monday. President...