Oberoi Realty inks development pact for 81-acre land parcel in Alibaug near Mumbai

Oberoi Realty has signed a development agreement for an 81.05-acre land in Tekali village, Alibaug near Mumbai. The company will develop a high-end luxury five-star hotel and resort on 8.6 acres and build around 150 luxury branded residential villas on the remaining 72.45 acres. The deal includes revenue and area sharing with the landowners.