Oberoi Realty JV signs hotel and residences deal with Aman in Worli
OBEROIRLTY · price
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I-Ven Realty, a JV in which Oberoi Realty holds 39.13%, has signed Hotel Management and Residences Branding agreements with Aman Group for a project on about 4 acres in Worli, Mumbai. The plan includes an around 80-room luxury hotel expected to open by August 2032 and roughly 150,000 to 200,000 sq ft of branded residences for sale. Aman will manage and brand both for an initial 25-year term, extendable by 10 years.
Positive: luxury brand tie-up with Aman for a premium Worli project may boost long-term value of ORL's JV stake and brand positioning.