BSE:533273 | NSE:OBEROIRLTYEQ | 58888: | IND:Real Estate | ISIN code:INE093I01010 | SECT:Real Estate
The Company History page lists out the major events in chronological order for Oberoi Realty Ltd.
|Company History - Oberoi Realty Ltd.|
|The Company was incorporated in Mumbai as Kingston Properties Private Limited on May 8, 1998 under the Companies Act. Pursuant to a circular resolution passed by the Directors dated October 12, 2009, ratified by the Directors on December 4, 2009 and resolution passed by the shareholders of the Company at the EGM held on October 22, 2009, the name of the Company was changed to Oberoi Realty Private Limited for availing the benefits of the brand equity of "Oberoi" and with a view to convey the right nature of activities of the Company.
Consequent to the change in name, the Company received a fresh certificate of incorporation dated October 23, 2009 from the RoC, Maharashtra. Thereafter, the Company was converted into a public limited company and pursuant to a Board resolution dated December 4, 2009 and shareholders‘ resolution passed at the EGM dated December 4, 2009, the name of the Company was changed to Oberoi Realty Limited. Consequent to its change of name, the Company received a fresh certificate of incorporation dated December 14, 2009 from the RoC.
The Company is involved in real estate development and has a diverse portfolio of projects covering the residential, office space, retail, hospitality and social infrastructure segments of the real estate market. Currently, we have projects in Mumbai and Pune.|
Major Events The table below sets forth some of the major events in our history:
February 20, 2002 Acquisition of land at Goregaon, Mumbai from Ciba Specialty Chemicals (India) Limited
Acquisition of land at Goregaon, Mumbai from Novartis India Limited at Goregaon, Mumbai
April 8, 2003 OMPL became a 100% subsidiary of the Company
February 10, 2005 Acquisition of development rights at Andheri (West), Mumbai from Excel Industries Limited and Shroff Family Charitable Trust for development of property
March 31, 2005 Master Asset Purchase Agreement entered into between Tulip Hospitality Services Limited, Tulip Hotels Private Limited, Dr. Ajit Kerkar and SRPL for acquisition of Hotel Tulip Star at Juhu, Mumbai from Tulip Hospitality Services Limited
September 26, 2005 Acquisition of land at Mulund, Mumbai from GlaxoSmithKline Pharmaceuticals Limited
October 18, 2005 Acquisition of land at Andheri (East), Mumbai from Madhu Fantasy Land Private Limited and Avinash Bhosale
December 21, 2006 OCPL became 100% subsidiary of the Company
January 14, 2007 Investment in the Company by SSIII by a fresh issue of 279,777 Equity Shares and 783 Preference Shares for Rs. 5,967.00 million and Rs. 783.00 million, respectively aggregating to an investment of Rs. 6,750.00 million
January 2, 2008 Hotel Operating Services Agreement entered into between the Company and Starwood Asia Pacific Hotels & Resort Pte. Limited for operating The Westin Mumbai - Garden City hotel at Goregaon (East), Mumbai
September 23, 2009 Joint Venture Agreement entered into between the Company, Skylark Build and Shree Vrunda Enterprises for the development of the free-sale component under slum rehabilitation scheme at Annie Besant Road, Worli, Mumbai
Awards and Achievements
February 2010 Asia Retail Congress Awards 2010 awarded the Oberoi Mall with the "Emerging Retailer of the Year (Mall)" Award February 2010 Shoppers & Consumer Insights Awards 2010 awarded the Oberoi Mall with the following awards: (i). Most Admired Shopping Centre of the Year - Metros (ii). Most Admired Shopping Centre of the Year - Marketing and Consumer Promotions (iii). Most Admired Shopping Centre Developer of the Year March 2010 Accommodation Times Awards 2010 awarded the Company with the =Real Estate Company of the Year‘ Award
-Oberoi Realty appoints Samsung C&T for its South Mumbai project
-Oberoi Real Purchases shares of I-Ven Realty Limited
-Oberoi Realty has recommended a Dividend of Rs. 2 per equity share (20% of the face value of equity Share)
2013 -Board recommended a dividend of Rs. 2 per equity share. -Oberoi Exquisite awarded as the ‘Best 50% Complete Residential Project under Luxury Segment in MMR’ by ‘CNBC AWAAZ Real Estate Awards 2013 -Oberoi Garden City’ Awarded as the ‘Integrated Township of the year
2014 -Oberoi Exquisite awarded ‘The High Rise Project of the Year’ at the Construction Week India Awards 2014
2015 -Oberoi Realty forays into Mulund with the launch of Eternia and Enigma - Oberoi Realty to create an Exceptional Living Experience in Mumbai; Launches its most awaited project "Sky City" at Borivali". - Oberoi Realty’s ELITE CLUB awarded Innovative Loyalty program at 4th Asian Customer Engagement Awards 2015
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