Three Sixty North: DTCP rejects AIPL plea, allotment ban lifted

Regulatory & Legal View source PDF Explain this filing

OBEROIRLTY · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-3.8%Reaction day

₹1931.00

prior close

₹1950.40

announcement price

After-mkt

timing

Nifty Midcap 150market-0.4%-3.4% vs market

Residential Commercial Projects peers, median of 66sector-0.4%-3.3% vs sector

On the reaction day the stock moved 3.4 pts less than Nifty Midcap 150 and 3.3 pts less than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-2.3

10m

-3.6

15m

-3.3

30m

-3.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.8-0.4-3.4-0.4-3.3

Next day

-3.2-0.6-2.5-1.2-2.0

-1.4-0.3-1.1-0.4-1.0

-2.3-0.2-2.1-0.4-1.9

-3.2-0.1-3.0-0.1-3.0

-2.6+0.3-3.0-0.9-1.8

-3.4+0.2-3.6-1.2-2.2

15d

-5.0-1.6-3.5-3.0-2.0

-8.9-2.4-6.5-5.7-3.2

-13.2-8.3-4.8-9.8-3.4

—————

UpDownMarket · Nifty Midcap 150Sector · Residential Commercial Projects peers, median of 66Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Haryana Town and Country Planning Department has ruled in favour of Oberoi Realty in the Three Sixty North Gurugram project dispute. It rejected a petition by Advance India Projects Limited seeking cancellation of the project licence and change of developer approval, confirming both remain legally valid. As a result, the Punjab and Haryana High Court's July 7 restriction on fresh allotments and third-party rights has ceased. Existing sales were never affected and construction was not impacted.

Likely market impact

Removes cloud over the Gurugram project; Oberoi can now resume fresh bookings and third-party transactions in Three Sixty North.