by 
Mumbai, July 2025 – Mumbai’s real estate market just got a big boost. Oberoi Realty, along with Shree Naman Developers and JM Financial Properties, has won approval from the Committee of Creditors (CoC) for a ₹919 crore resolution plan. Because of this deal, the consortium will take over Hotel Horizon Pvt Ltd (HHPL), a property on Juhu’s famous beachfront that has been struggling for years. Moreover, The Economic Times has called this move a major breakthrough for Mumbai’s luxury real estate sector.
A Landmark Move for Mumbai’s Luxury Market
To begin with, the CoC cleared the ₹919 crore settlement, which also covers unpaid insolvency costs. Therefore, all creditor claims stand fully resolved under India’s Insolvency and Bankruptcy Code (IBC). Soon after, the resolution professional issued a Letter of Intent (LoI) in favor of the Oberoi–Naman–JM Financial consortium.
At the same time, the biggest asset of HHPL is its 7,500 sq. meter (1.85-acre) sea-facing plot on Juhu Tara Road. This stretch of land is one of Mumbai’s most desirable luxury addresses. Therefore, the acquisition becomes even more valuable for the consortium.
Strategic Plans for Revival
Looking ahead, the consortium aims to finish the takeover either on its own or by creating a new special purpose vehicle (SPV).
In addition, it plans to issue fresh shares worth ₹1 crore, which will help secure complete ownership of HHPL.
However, the transaction still needs the final approval of the National Company Law Tribunal (NCLT), Mumbai Bench.
Financials & Market Response
In the past, HHPL, which was incorporated in 2004, struggled with minimal operations. Its turnover was just ₹0.46 crore in FY2014–15, and its net worth stood at ₹78.5 crore. Despite this, the property’s prime location kept investor interest alive.
Following the announcement, markets responded with confidence. Consequently, Oberoi Realty’s stock rose 2.7%, closing at ₹1,853.85 on the BSE. This clearly indicates that investors trust the group’s ability to deliver on large, complex projects.
Why This Deal Matters
To start with, Juhu is still one of Mumbai’s most popular real estate markets. Home prices have moved up steadily—from ₹71,106 per sq. ft. in Q1 2024 to ₹71,597 per sq. ft. in Q1 2025 (Business Standard).
Moreover, this deal highlights how India’s IBC framework can bring back value from properties that were once stuck as stressed assets.
In addition, the acquisition supports Oberoi Realty’s long-term plan to grow in luxury housing, hospitality, and mixed-use projects.
Finally, the sharp jump in Oberoi Realty’s stock price shows strong investor trust in the company’s growth strategy.
✨ Therefore, with this ₹919 crore acquisition, Juhu’s iconic Hotel Horizon is set for a grand revival, redefining Mumbai’s luxury real estate landscape.
SUPER SPACIOUS 2BED ROOM APARTMENTS @MIRA ROAD (750sqft rera carpet)
Join The Discussion