Oberoi Realty Limited has formally notified the stock exchanges regarding a capital investment into its newly incorporated wholly owned subsidiary, Centerstage Realty Private Limited. This action follows the company’s successful bid for the development of approximately 11 acres of railway land in Bandra East, Mumbai. To satisfy the mandatory project requirements stipulated in the bid document, the company has subscribed to 268.50 Crore worth of shares in the subsidiary on a rights basis.

The notification details the establishment of Centerstage Realty Private Limited, which was incorporated on June 2, 2026, to serve as the Special Purpose Vehicle (SPV) for the implementation of the railway land project. The company had previously paid Rs. 247.50 Crore to the Railway Land Development Authority (RLDA) following the acceptance of its bid for the 99-year lease. The newly injected capital of Rs. 268.50 Crore ensures compliance with the minimum paid-up and subscribed share capital requirements set out by the RLDA for the designated SPV.

Oberoi Realty is a prominent Indian real estate developer focused on high-end residential and commercial projects. During 2025, the company continued its expansion in the Mumbai Metropolitan Region, adding approximately 4 million square feet of development potential and launching projects such as Elysian Tower D and Sky City Tower H. The company has received international recognition for its environmental and social governance standards, including ranking as a global sector leader by GRESB and being named a “Best Company Asia Pacific 2026” by TIME.

For the fiscal year 2025-26, Oberoi Realty reported strong financial growth, with consolidated revenue reaching Rs. 6,304.27 Crore, an increase of 15.16% year-on-year. The profit before exceptional items and tax for the same period stood at Rs. 3,298.67 Crore, reflecting a 12.01% growth over the previous year. The company’s shareholder base includes significant institutional interest from entities such as BlackRock, Inc., Vanguard Capital Management, LLC, and Canara Robeco Asset Management. Additionally, the promoter, Mr. Vikas Ranvir Oberoi, remains a major shareholder.