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Family members of Bharat Shah bought four luxury apartments in Worli, Mumbai for about ₹179 crore from a developer. The homes span the 34th and 35th floors in Wing A and include 16 car parking spaces, per registration documents.
10:46 PMEconomic Times RealtyThe Punjab and Haryana High Court has stopped IREO Group entities and Oberoi Realty from making fresh allotments or creating third-party rights in a Gurugram project until Haryana DTCP rules on a complaint filed by Advance India Projects. Oberoi Realty says the order does not impact existing sales or ongoing construction.
9:53 AMEconomic Times RealtySummary
Family members of Bharat Shah bought four luxury apartments in Worli, Mumbai for about ₹179 crore from a developer. The homes span the 34th and 35th floors in Wing A and include 16 car parking spaces, per registration documents.
Why it matters
Deals of this size reinforce that Mumbai's top end can absorb aggressive pricing, shaping developer strategy, valuations, and future supply in prime locations.
Summary
The Punjab and Haryana High Court has stopped IREO Group entities and Oberoi Realty from making fresh allotments or creating third-party rights in a Gurugram project until Haryana DTCP rules on a complaint filed by Advance India Projects. Oberoi Realty says the order does not impact existing sales or ongoing construction.
Why it matters
A judicial halt on fresh allotments can choke a project’s sales pipeline and raise buyer and lender risk, even if construction continues.
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