Oberoi Realty mulls entering NCR, Bengaluru once Covid-19 pandemic subsides

Oberoi said that the company wanted to be a serious office property developer after its office lease deal with global investor Morgan Stanley

Oberoi Realty, the third largest listed property developer, is looking to venture into the National Capital Region and Bengaluru once the coronavirus (Covid-19) pandemic subsides.

It is looking to build a portfolio of residential, office and mall properties in these cities, apart from its mainstay of Mumbai.

"We are evaluating opportunities to buy land in Mumbai, NCR and Bengaluru. We are seeing how this (Covid-19 pandemic) plays out. We will take a call later," said Vikas Oberoi, chairman and managing director, during the Q4 earnings call today.

Oberoi said that the company wanted to be a serious office property developer