Oberoi Realty Ltd, along with Shree Naman Developers Pvt Ltd and JM Financial Properties and Holdings Ltd, has secured approval from the National Company Law Tribunal (NCLT), Mumbai Bench, for its resolution plan to acquire Hotel Horizon Private Limited (HHPL) under the Insolvency and Bankruptcy Code, 2016.
The tribunal approved the consortium’s resolution plan on January 29, 2026, enabling the acquisition of 100% equity ownership in HHPL. The total consideration under the plan stands at ₹919.25 crore, including an equity subscription of ₹1 crore.
The payment is required to be completed within 45 days from the approval date, along with any statutory dues payable under applicable regulations.
Hotel Horizon owns a strategically located land parcel of about 7,500 square metres in Juhu, Mumbai, with a direct sea-facing view. The location is among Mumbai’s most premium coastal real estate zones, making the asset significant for future development opportunities.
As per the approved framework, a monitoring committee comprising representatives from the consortium, the committee of creditors and the resolution professional will oversee the implementation process.
Upon completion, full ownership, management and operational control of HHPL will be transferred to the consortium.
Oberoi Realty clarified that the transaction does not involve any related-party elements and that none of the company’s promoters, promoter group entities or group companies hold any direct or indirect interest in Hotel Horizon.
Read More: Why Realty Stocks Are Falling: Godrej Properties, Brigade Enterprises and More Hit 52-Week Lows?
As of January 30, 2026, at 10:33 AM, Oberoi Realty share price is trading at ₹1,479.50 per share, reflecting a decline of 1.49% from the previous closing price.
The acquisition strengthens Oberoi Realty’s premium Mumbai portfolio and provides access to a high-value coastal land parcel in one of the city’s most sought-after micro-markets.
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Published on: Jan 30, 2026, 11:40 AM IST
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