Oberoi Realty completes acquisition of land parcel in Thane for around ₹196 crore
Oberoi Realty registered conveyance deed of the land measuring approximately 25,700 square meters in its favour and also taken possession of the said property
Listed real estate company Oberoi Realty has completed the acquisition of a 6.4 acre land parcel in Thane, near Mumbai, for around ₹196 crore, the company said in a regulatory filing.
Oberoi Realty has entered into a Memorandum of Understanding (MOU) with NRB Bearings Limited (NRB) for acquiring the lands located at Pokhran Road 2, Thane, Maharashtra, along with the structure, it said. (Pexels/Representational)
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The company has entered into a Memorandum of Understanding (MOU) with NRB Bearings Limited (NRB) for acquiring the lands located at Pokhran Road 2, Thane, Maharashtra, along with the structure, it said.
The company has on December 5, 2023 registered conveyance deed of the said land admeasuring approximately 25,700 square meters (approximately 6.4 acres) (as per title deeds) in its favour and also taken possession of the said property, the company said.
“With the above, the Company has completed the acquisition and consolidation of contiguous pieces of lands admeasuring around 75 acres situated at Pokhran Road 2, Thane, Maharashtra,” the company said.
Vandana Ramnani leads the real estate vertical at Hindustan Times Digital, bringing over two decades of journalism experience across real estate, education, human resources, and foreign affairs. She specialises in India’s real estate sector, covering residential and commercial markets in Delhi-NCR, Mumbai, and Bengaluru, with in-depth reporting on regulatory developments, urban policy, housing trends, and interviews with industry leaders. Her work has also appeared in the Hindustan Times newspaper and HT Estates. Earlier, Vandana played a key role in establishing the real estate vertical at Moneycontrol (NW18 Group), shaping its editorial direction and market coverage. She has also written extensively on international education for HT Education, tracking global study destinations, policy changes, and student mobility trends, earning the Singapore Education Award 2009 for Best Media Coverage (Print). Her reporting portfolio includes human resources and employment trends for HT ShineJobs and PowerJobs, as well as lifestyle and interior design features for HT Premium Homes. Vandana began her career with the Press Trust of India, gaining strong editorial and reporting expertise. She was also selected for a prestigious fellowship at Fondation Journalistes en Europe in Paris, where she wrote for EuroMag. One of her notable reporting assignments included covering Germany’s capital relocation from Bonn to Berlin. Outside of journalism, Vandana is a passionate traveller, constantly seeking out charming hideaways across India and the lesser-known, offbeat corners of Southeast Asia.
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