Oberoi Realty Faces Continued Allotment Restrictions in Gurugram Project

13.16 lakh sq. ft. of RERA carpet area is currently subject to allotment restrictions.
Rs 7,891 crore is the approximate booking value already secured for the project.

Reader Takeaway: Existing project construction and sales remain unaffected, though legal restrictions on new bookings create temporary sales pressure.

What just happened

Oberoi Realty Limited has informed the exchanges that the Punjab and Haryana High Court extended an interim order concerning its 'Three Sixty North' project in Gurugram. The court has directed that the prohibition on making further allotments to prospective buyers will remain in place until the next hearing on September 25, 2026. This follows a writ petition filed by Advance India Projects Limited against the company.

Why this matters

For investors, the primary concern remains the pace of sales for the project. While the company has secured significant booking value, the inability to process new allotments acts as a bottleneck for revenue growth from this specific asset. Investors should watch the upcoming September 25 court date for clarity on whether these restrictions will be lifted or extended further.

The backstory

The project has seen a series of legal and regulatory developments throughout mid-2026. An initial restraint was placed on July 7, 2026, which the company reported on July 9. However, the company later signaled relief on August 17, 2026, after the Department of Town and Country Planning Haryana (DTCP) issued a decision on August 13 that appeared to render the restriction non-operative. The current court order re-imposes the hold, bringing the matter back under legal scrutiny.

What changes now

There is no change to the current construction schedule. The company has explicitly stated that work at the site continues without interruption. Furthermore, all units already allotted—totaling roughly 13.16 lakh sq. ft. of RERA carpet area—are not affected by the court's latest directive.

Risks to watch

The key risk is the potential for legal delays to dampen the project's sales velocity. Should the hearing on September 25 lead to a prolonged injunction, the timeline for converting the remaining saleable area into new bookings could face significant headwinds.

What to track next

Investors should monitor the outcome of the September 25, 2026, High Court hearing, as it will determine if the company can resume fresh allotment activities for the remaining inventory in the Three Sixty North project.