Major Relief for Oberoi Realty as Stay on Its First NCR Project Is Lifted
Oberoi Realty has received a major relief for Three Sixty North, its first NCR luxury residential project in Sector 58, Gurugram, as the restriction on fresh allotments has ceased to be operative following a key DTCP decision.
The development brings greater clarity to Oberoi Realty Three Sixty North and marks an important step forward for the company’s expansion into the Gurugram luxury real estate market.
What Happened With Oberoi Realty Three Sixty North?
Three Sixty North, located on Golf Course Extension Road in Sector 58, Gurugram, had faced a temporary restriction on fresh allotments following a legal dispute concerning the project’s licence and change-of-developer approval.
The Punjab and Haryana High Court had directed the Haryana Department of Town and Country Planning (DTCP) to consider the matter. The restriction applied to fresh allotments and creation of new third-party rights; Oberoi Realty had clarified that existing sales and construction were not affected.
The latest development provides significant relief. DTCP has rejected the representation seeking cancellation of the project licence and the change-of-developer approval in favour of Oberoi Realty. As a result, the temporary restriction on fresh allotments has ceased to be operative.
Three Sixty North: Oberoi Realty’s First NCR Project
Oberoi Realty Three Sixty North is a 14.8-acre ultra-luxury residential development located in Sector 58, Gurugram.
The project is planned with seven residential towers, landscaped spaces, a clubhouse and a curated boulevard featuring retail and cafés. The first phase includes large-format residences such as 3 BHK + Studio, 4 BHK + Studio, duplexes and penthouses.
The project has also received registrations from Haryana RERA, with registered phases identifying Oberoi Realty Limited as the promoter.
Strong Market Interest
Despite the temporary legal hurdle, Three Sixty North attracted strong demand from the luxury homebuyer segment.
Oberoi Realty reported gross bookings of approximately ₹8,109 crore, covering around 13.52 lakh sq. ft. of RERA carpet area, shortly after the project’s launch.
This response highlights the growing demand for branded, large-format luxury homes in Gurugram’s premium real estate market.
What This Means for Gurugram Real Estate
The latest development is significant not only for Oberoi Realty but also for the wider Gurugram luxury real estate market.
Three Sixty North represents Oberoi Realty’s entry into NCR, bringing its established luxury residential positioning to one of Gurugram’s most prominent premium corridors.
With the restriction on fresh allotments no longer operative, attention will now shift towards the project’s next phase of sales and development.
Final Takeaway
The latest DTCP decision provides important clarity for Oberoi Realty Three Sixty North and its position in Gurugram.
For buyers, investors and real estate professionals tracking luxury real estate in Gurugram, the project is likely to remain one of the most closely watched developments in Sector 58.
Oberoi Realty’s first NCR project has cleared an important hurdle, opening the way for the next chapter of Three Sixty North in Gurugram.
