Oberoi Realty has secured a major regulatory clearance from Haryana’s DTCP to continue its 'Three Sixty North' residential project in Gurugram, ending a legal challenge by Advance India Projects Limited. This resolution lifts previous restrictions on property allotments, clearing the path for the development which has already recorded ₹8,109 crore in bookings.
Oberoi Realty has received a significant regulatory boost as the Department of Town and Country Planning (DTCP) in Haryana dismissed a plea by Advance India Projects Limited (AIPL) seeking to cancel the license for the company's major project in Gurugram. This decision confirms that the development license and the change-of-developer approval granted to Oberoi Realty remain valid. As a result, the interim restrictions previously imposed by the Punjab and Haryana High Court, which had halted fresh allotments and the creation of third-party rights, are no longer in effect.
This development is critical for the company as it executes 'Three Sixty North,' a luxury residential project spanning 14.8 acres in Sector 58, Gurugram. The project is a key component of Oberoi Realty’s expansion into the National Capital Region (NCR). The development has already gained market attention, with the company reporting gross bookings of approximately ₹8,109 crore from the initial launch phase. Overall, the project holds a substantial revenue potential estimated at ₹16,000 crore.
From a financial perspective, Oberoi Realty enters this phase with a healthy balance sheet. In its recent performance update for the first quarter of fiscal year 2027, the company reported a consolidated net profit of ₹544 crore, marking a 29% increase compared to the same period the previous year. Revenue for the quarter rose by 31.7% to ₹1,301 crore. Additionally, the company maintains a low debt profile, with a debt-to-equity ratio of 0.16 as of March 2026, which provides financial flexibility as it manages large-scale construction projects.
While this regulatory clearance removes a specific legal hurdle, real estate development often involves inherent risks. Projects of this scale, especially in new regions like the NCR, are subject to standard sector challenges, including regulatory compliance, potential changes in government policy, and fluctuations in raw material costs that could impact project margins. Furthermore, the company’s ability to maintain its sales momentum in the luxury segment will depend on sustained demand for high-end residential properties in the region.
Investors will now track the company’s execution progress on the site, including the pace of construction and the timeline for delivering the planned towers. The focus will remain on whether the company can successfully scale its operations in the NCR market while maintaining the profit margins observed in its established portfolios.