27 November 2025 l Navi Mumbai
South Mumbai is set to see another major transformation as Oberoi Realty announces its latest redevelopment project on Nepean Sea Road, Known for creating high-quality residential spaces across Mumbai, the company’s new step marks a strong push into one of the city’s most premium and historic neighbourhoods
The redevelopment agreement covers a land parcel of 4,706 square metres, making it a significant addition to the company’s portfolio. According to the publicly shared project details, the redevelopment is expected to generate a free-sale component of around 1.18 lakh sq ft (RERA carpet area). This area represents the portion that the developer can sell in the open market. The final numbers will depend on approvals under DCPR 2034 and other applicable regulations, but the scale itself signals a major luxury-led development.
Nepean Sea Road is one of the most sought-after residential stretches in Mumbai, known for its sea views, landmark buildings and calm surroundings. With property prices already among the highest in India, a new project by a trusted developer like Oberoi Realty is expected to draw strong interest from high-end homebuyers and investors. Redevelopment in such micro-markets also improves the living experience, as older structures get replaced with safer, modern and more efficient buildings.
This announcement also fits into Oberoi Realty’s ongoing growth story. Earlier this year, the company launched Elysian Tower D in Goregaon’s Oberoi Garden City, which received bookings worth nearly ₹970 crore, before that, the company had entered into another redevelopment project at Carter Road, Bandra West, involving a 2,576 sq m plot and an estimated free-sale potential of around 40,000 sq ft.
These steps show a clear pattern, the developer is focusing on high-value corridors with strong demand, while also exploring new geographies. In fact, the company recently announced plans to launch its first project in Gurugram for wider expansion beyond Mumbai.
The Nepean Sea Road redevelopment is expected to bring modern amenities, enhanced safety features and improved infrastructure for residents. While specific project features will be revealed closer to launch, Oberoi Realty’s track record suggests a mix of thoughtful design, premium interiors and lifestyle-focused facilities for South Mumbai, the project adds another chapter to the city’s rapid wave of redevelopment. Many buildings in older luxury districts are now being upgraded, opening opportunities for both residents and developers, with its reputation and strong execution ability, Oberoi Realty’s entry into Nepean Sea Road is likely to be seen as a positive development for the neighbourhood.
Overall, the new project marks an important milestone for the company and a promising addition to Mumbai’s luxury real estate landscape.
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Disclaimer – This article is for general information only. Project details are based on publicly available reports and may change as per official approvals, regulations and developer updates.
Source –
Hindustan Times
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