Oberoi Realty's Project 'Three Sixty North' License Intact; Cancellation Plea Rejected
Oberoi Realty's project licence for 'Three Sixty North' in Gurugram remains valid. The DTCP rejected AIPL's plea to cancel the licence and developer approval. Court-imposed restrictions on new allotments and third-party rights are now lifted.
The resolution of the legal dispute and removal of restrictions on allotments are positive for the project's future sales and development, but the impact is medium as it pertains to a specific project rather than the entire company's financials.
The DTCP's order validates Oberoi Realty's project license and rejects the cancellation plea, removing previous restrictions. This is a favorable outcome for the company.
Oberoi Realty Limited has received a significant update regarding its project 'Three Sixty North' in Gurugram. Following an order from the Punjab and Haryana High Court dated July 7, 2026, the Director, Department of Town and Country Planning (DTCP) Haryana, conducted hearings on a representation filed by Advance India Projects Limited (AIPL).
In an order dated August 13, 2026, which was received by Oberoi Realty on August 17, 2026, the DTCP has declared that Licence No. 69 of 2025, dated May 12, 2025, and the subsequent order dated June 17, 2025, approving the change of developer in favour of Oberoi Realty Ltd., are legally sound and require no action. Furthermore, the DTCP has rejected AIPL's representation seeking cancellation of the licence and developer approval, deeming it without merit.
Consequently, the restriction imposed by the Hon'ble High Court on further allotments and the creation of third-party rights, as per its order dated July 7, 2026, has ceased to be operative. This development is a positive resolution for Oberoi Realty, confirming the validity of its project's licence and developer status.
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Oberoi Realty Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Oberoi Realty Limited. Read the original for the full detail.