Shares of Oberoi Realty were trading at Rs 1,774, up 1.42%, in afternoon trade on Monday after the company announced the launch of its ultra-luxury residential project, Three Sixty North, in Gurugram.


In an exchange filing, the company said the project is spread across 14.8 acres on Golf Course Extension Road in Sector 58, Gurugram, and draws inspiration from its flagship Three Sixty West development in Mumbai.

The master-planned development will eventually comprise seven residential towers, landscaped gardens, a clubhouse and a range of lifestyle amenities. The first phase will feature 3 BHK + Studio, 4 BHK + Studio, duplex and penthouse residences, ranging from approximately 5,500 sq. ft. to over 13,000 sq. ft. in saleable area. Prices will start from Rs 18 crore, excluding applicable taxes.

Commenting on the launch, Vikas Oberoi, Chairman and Managing Director, Oberoi Realty said, "Our entry into the NCR market marks an important milestone in Oberoi Realty's growth journey and reflects our long-term vision of building distinctive developments in India's leading markets. Over the last four decades, we have established a strong track record of creating landmark addresses in Mumbai, guided by a steadfast commitment to design excellence, quality and customer experience. 

With Three Sixty North, we are bringing this philosophy to Gurugram through design-led development inspired by the vision that shaped Three Sixty West."

The company said the development will also house Club Three Sixty North, offering wellness, fitness, recreation and social spaces, along with a high-street retail boulevard featuring curated shops, cafés and landscaped plazas.