Clarification on court order for Three Sixty North Gurugram project

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OBEROIRLTY · price

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₹1867.40

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Nifty Midcap 150market+1.4%-1.0% vs market

Residential Commercial Projects peers, median of 64sector+1.2%-0.7% vs sector

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AI summary

Oberoi Realty clarified media reports on a Punjab and Haryana High Court order dated July 7, 2026 for its Three Sixty North project in Gurugram. The court ordered that no new allotments be made until a complaint by Advance India Projects is decided, with hearing fixed for July 20 or within two weeks. The company said existing sales are unaffected, there is no stay on construction, and the order has no material adverse impact on business. It will pursue further legal action.

Likely market impact

No new allotments at Three Sixty North Gurugram until complaint is decided. Existing sales and construction unaffected. Company sees no material impact.