{"id":1386,"date":"2024-11-21T04:58:25","date_gmt":"2024-11-21T04:58:25","guid":{"rendered":""},"modified":"2025-08-14T10:21:54","modified_gmt":"2025-08-14T10:21:54","slug":"oberoi-realty-to-transform-carter-road-with-2576-sq-meter-redevelopment-in-bandra-west","status":"publish","type":"post","link":"https:\/\/housiey.com\/blogs\/oberoi-realty-to-transform-carter-road-with-2576-sq-meter-redevelopment-in-bandra-west","title":{"rendered":"Oberoi Realty to Transform Carter Road with 2,576 Sq Meter Redevelopment in Bandra West"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/housiey.com\/blogs\/oberoi-realty-to-transform-carter-road-with-2576-sq-meter-redevelopment-in-bandra-west\/#Introduction\" >Introduction<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/housiey.com\/blogs\/oberoi-realty-to-transform-carter-road-with-2576-sq-meter-redevelopment-in-bandra-west\/#Also_Read_-_Things_to_Check_Before_Buying_a_Flat_in_Mumbai_2024\" >Also Read:- Things to Check Before Buying a Flat in Mumbai 2024<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/housiey.com\/blogs\/oberoi-realty-to-transform-carter-road-with-2576-sq-meter-redevelopment-in-bandra-west\/#The_Carter_Road_Project\" >The Carter Road Project<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/housiey.com\/blogs\/oberoi-realty-to-transform-carter-road-with-2576-sq-meter-redevelopment-in-bandra-west\/#Prime_Location_and_Market_Insights\" >Prime Location and Market Insights<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/housiey.com\/blogs\/oberoi-realty-to-transform-carter-road-with-2576-sq-meter-redevelopment-in-bandra-west\/#Previous_Redevelopment_Success\" >Previous Redevelopment Success<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/housiey.com\/blogs\/oberoi-realty-to-transform-carter-road-with-2576-sq-meter-redevelopment-in-bandra-west\/#Financial_Performance_and_Future_Plans\" >Financial Performance and Future Plans<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/housiey.com\/blogs\/oberoi-realty-to-transform-carter-road-with-2576-sq-meter-redevelopment-in-bandra-west\/#Expanding_Footprint_The_Gurugram_Project\" >Expanding Footprint: The Gurugram Project<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/housiey.com\/blogs\/oberoi-realty-to-transform-carter-road-with-2576-sq-meter-redevelopment-in-bandra-west\/#Conclusion\" >Conclusion<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/housiey.com\/blogs\/oberoi-realty-to-transform-carter-road-with-2576-sq-meter-redevelopment-in-bandra-west\/#Also_Read_-_What_Are_The_Government_Taxes_on_Property_Purchase_in_Mumbai\" >Also Read:- What Are The Government Taxes on Property Purchase in Mumbai<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Introduction\"><\/span>Introduction<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/housiey.com\/blogs\/in\/mumbai\"><strong>Mumbai&#8217;s real estate market <\/strong><\/a>is perpetually evolving, and the latest buzz centers around Oberoi Realty, a key player known for its luxurious developments. This time, Oberoi Realty has set its sights on Carter Road in Bandra West, announcing a significant redevelopment project. Let\u2019s dive into the details of this exciting venture and what it means for Mumbai\u2019s real estate landscape.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Also_Read_-_Things_to_Check_Before_Buying_a_Flat_in_Mumbai_2024\"><\/span><strong>Also Read:- <\/strong><a href=\"https:\/\/housiey.com\/blogs\/blogs\/things-to-check-before-buying-a-flat-in-mumbai-2024\">Things to Check Before Buying a Flat in Mumbai 2024<\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<h2><span class=\"ez-toc-section\" id=\"The_Carter_Road_Project\"><\/span>The Carter Road Project<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Oberoi Realty, a name synonymous with luxury living, recently revealed its plan to develop and redevelop a prime piece of land measuring approximately 2576 square meters on Carter Road, Bandra West. This announcement, made on July 30, marks another ambitious stride for the company in one of Mumbai\u2019s most sought-after locations.<\/p>\n<p>The company expects to generate approximately 40,000 square feet of free sale component (<a href=\"https:\/\/housiey.com\/blogs\/blogs\/carpet-area-vs-rera-carpet-area\"><strong>RERA Carpet area<\/strong><\/a>) from this project, leveraging the Development Control &amp; Promotion Regulations for Greater Mumbai, 2034. This redevelopment initiative aligns with Oberoi Realty&#8217;s strategy of revitalizing older urban spaces to create modern, high-end residential complexes.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Prime_Location_and_Market_Insights\"><\/span>Prime Location and Market Insights<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Carter Road, along with Pali Hill, is renowned for its scenic sea views and upscale living. Local real estate brokers indicate that the per square foot rate for apartments in these areas exceeds \u20b91 lakh, reflecting the premium nature of this location. The redevelopment of this land by Oberoi Realty is anticipated to attract considerable interest from high-net-worth individuals and investors seeking <a href=\"https:\/\/housiey.com\/blogs\/builders\/oberoi-realty\"><strong>luxurious living spaces in Mumbai.<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Previous_Redevelopment_Success\"><\/span>Previous Redevelopment Success<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Oberoi Realty is no stranger to redevelopment projects. On May 6, the company announced the redevelopment of seven old buildings comprising 504 flats in the Adarsh Nagar area of Worli. This project resulted in the company obtaining 6.24 lakh square feet of RERA carpet area, which is to be sold in the open market. Such ventures not only rejuvenate old neighborhoods but also significantly contribute to the city\u2019s evolving skyline.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Financial_Performance_and_Future_Plans\"><\/span>Financial Performance and Future Plans<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/www.oberoirealty.com\/\">Oberoi Realty\u2019s financial performance has been impressive<\/a>. For the first quarter of the financial year 2024-25 (Q1FY25), the company reported a substantial 81.8% year-on-year increase in net profit, reaching \u20b9584.5 crore. This is a significant jump from the \u20b9321.6 crore profit reported in the same period of the previous year. Additionally, the company\u2019s revenue from operations surged by 54.4%, amounting to \u20b91,405 crore compared to \u20b9910 crore in the previous year.<\/p>\n<p>These financial results underscore Oberoi Realty\u2019s robust market position and growth trajectory. In a recent investor call, Vikas Oberoi, the chairman and managing director, outlined ambitious plans for the upcoming year. The company is set to launch three new housing projects within the next 12 months, including its first venture in Gurugram, another in the Worli area of Mumbai, and a project in Thane.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Expanding_Footprint_The_Gurugram_Project\"><\/span>Expanding Footprint: The Gurugram Project<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In November 2023, Oberoi Realty announced the acquisition of 14.81 acres of land in Sector 58, Gurugram, Haryana, for \u20b9597 crore. This land, with an estimated floor area potential of up to 2.6 million square feet, will be developed into a luxury residential group housing project. This acquisition marks Oberoi Realty&#8217;s foray into the Delhi-NCR region, showcasing its intent to expand beyond Mumbai and cater to a broader market.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Oberoi Realty\u2019s redevelopment project on Carter Road, Bandra West, is a testament to its vision of transforming urban landscapes and providing luxurious living spaces. As Mumbai continues to grow and evolve, projects like these not only enhance the city&#8217;s infrastructure but also set new benchmarks for luxury and innovation in real estate.<\/p>\n<p>With a strong financial performance and ambitious expansion plans, Oberoi Realty is poised to remain a dominant force in the Indian real estate market, delivering high-quality residential spaces that cater to the discerning tastes of its clientele. The Carter Road redevelopment is just another step in their journey of reshaping Mumbai\u2019s skyline, promising a blend of modernity, luxury, and unparalleled living experiences.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Also_Read_-_What_Are_The_Government_Taxes_on_Property_Purchase_in_Mumbai\"><\/span><strong>Also Read:-<\/strong><a href=\"https:\/\/housiey.com\/blogs\/blogs\/what-are-the-government-taxes-on-property-purchase-in-mumbai\"> What Are The Government Taxes on Property Purchase in Mumbai<\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>Introduction Mumbai&#8217;s real estate market is perpetually evolving, and the latest buzz centers around Oberoi Realty, a key player&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2909,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[97,99],"tags":[1667,1658,1668,1666,1660,1662,1672,1659,1674,410,1663,1451,1673,1657,1670,1669,1664,1661,1447,1671,1665,1372],"class_list":["post-1386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-builders-projects","category-know-your-locality","tag-bandra","tag-bandra-development","tag-bandra-west","tag-carter-road","tag-carter-road-bandra","tag-development-control-regulations-mumbai-2034","tag-indian-property-news","tag-land-redevelopment","tag-luxury-flats-in-mumbai","tag-mumbai","tag-mumbai-property-market","tag-mumbai-real-estate","tag-oberoi-flats-in-mumbai","tag-oberoi-realty","tag-oberoi-realty-profit","tag-oberoi-realty-results","tag-oberoi-realy","tag-property-development","tag-real-estate","tag-real-estate-news-in-india","tag-redevelopment","tag-rera-carpet-area"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v26.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Oberoi Realty to Transform Carter Road with 2,576 Sq Meter Redevelopment in Bandra West - Blogs<\/title>\n<meta name=\"description\" content=\"Did you know that Oberoi Realty is transforming Mumbai&#039;s Carter Road with a luxurious redevelopment project, promising new benchmarks in real estate and urban living. 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