Oberoi Realty betting on Gurugram amid global uncertainty; Vikas Oberoi believes disturbances frequently produce spring effect
By Bricksnwall | 2026-07-10
When Oberoi Realty’s Vikas Oberoi launched
the Gurgaon project amid a geopolitical uncertainty, he noted global upheavals
frequently produce a ‘spring effect’
Mumbai-based listed real estate developer
Oberoi Realty’s chairman and managing director, Vikas Oberoi, said periods of
global disruption tend to generate a ‘spring effect’ that unlocks new
opportunities rather than derailing long-term growth, comparing the
post-COVID-19 recovery with the current geopolitical uncertainty.
On the company’s decision to launch the
Gurugram project amid geopolitical turmoil, Oberoi said he believes in being
courageous when others are frightened. "If I don't take this opportunity,
I may not receive another. I believe in being courageous when others are
terrified, and scared when others are bold. So I think we are bold at the right
time," he remarked.
“History tells us that economies and markets
bounce back from crises,” Oberoi said. He pointed to the time from the Great
Depression to today, and stated despite all the disasters the world has seen in
the previous 100 years, growth has always returned.
“Many calamities have occurred, but in the
end things have bounced back,” he told
Speaking on the company’s decision to start the
Gurugram project amid geopolitical upheaval, Oberoi said he believed in being
brave when others are scared. If I don't take this I might not get another
chance." I think in being brave when others are afraid, and afraid when
others are brave. “Then I think we are brave at the proper time," he said.
"History has proven that economies and
markets do recover from crises," Oberoi said. He spoke to the last 100
years, from the Great Depression to today, and said that, despite all the
calamities the world has faced, growth has always returned.
“We have had many calamities, but in the end
things have bounced back,” he told
Oberoi Realty launches Gurugram
Oberoi Realty launched its first Delhi-NCR
project Three Sixty North in Gurugram on June 29, and expects to build seven
towers with an investment of roughly ₹6,000 crore. The complex is spread over
14.8 acres on Golf Course Extension Road, in Sector 58, Gurugram and is
inspired by the company’s flagship Three Sixty West project in Mumbai.
The business issued a statement saying that
the first project in Gurugram, Delhi NCR, entitled ‘Three Sixty North’ reported
gross bookings of about ₹8,109 crore.
The first phase will have more than 800 homes
over six towers, with seven towers in the total master plan. The company had
said homes will be offered in 3 BHK + Studio, 4 BHK + Studio, duplex and
penthouse configurations, starting from Rs 18 crore onwards (excluding
taxes).
The overall project would include a total of
seven buildings along with a club and retail space of roughly 2 lakh sq ft that
will have cafés, food chains, among others.
Source: Hindustan Times
