Project Announcement
Oberoi Realty Partners with Aman Group for Ultra-Luxury Branded Residences in Worli
Oberoi Realty's joint venture I-Ven Realty Limited has signed a hotel management agreement and a residences branding and marketing agreement with Swiss luxury hospitality firm Aman Group for a hotel and residential development in Mumbai's Worli. The partnership covers a four-acre land parcel located at Dr. Annie Besant Road in Worli, Mumbai.
| Developer & Structure | I-Ven Realty Limited is a special purpose vehicle (SPV) and a JV of Oberoi Realty, in which the company holds a 39.13 per cent ownership interest on a fully diluted basis. The strategic ownership sees Oberoi Realty hold 39.13%, Vikas Oberoi hold 39.13%, and Alpha Wave Ventures hold 21.74% of the SPV. |
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| Site Details | The special purpose vehicle (SPV) holds leasehold rights for a land parcel measuring 16,689.93 square metres on Dr Annie Besant Road. |
| Product Mix | The hotel will comprise about 80 rooms alongside food and beverage outlets and allied facilities. The residential component is planned at nearly 150,000 to 200,000 sq. ft. of saleable area and will include associated amenities and support spaces. |
| Status & Possession | Aman will manage and operate the hotel under the Aman brand and the hotel is expected to be operational by 31 August 2032. The residences remain in pre-launch stage; detailed configurations and pricing to follow closer to launch. |
| Price Band | Pricing has not been officially released. Given Worli's average rate of around ₹81,083 per square foot in late 2025 and the ultra-luxury Aman branding, residences here are expected to command a significant premium over standard Worli inventory. |
| RERA Registration | As the project is still in an early, pre-launch stage with construction and sales yet to commence, RERA registration details have not yet been made public. Buyers should verify registration on the MahaRERA portal closer to launch. |
| Brand Partnership | Since its establishment in 1988, Aman Group has strategically evolved, transitioning from a collection of intimate retreats into a pioneering force across the realms of hospitality, residential development and lifestyle experiences. The group's remarkable growth has resulted in an ever-expanding portfolio of 36 hotels and resorts in 21 inspiring destinations across the globe. |
| Market Position | Worli recorded 321 new sale transactions worth a combined ₹5,257 crore in 2025 alone, underscoring its status as one of Mumbai's most sought-after luxury micro-markets, with excellent connectivity via the Bandra-Worli Sea Link and proximity to the Arabian Sea coastline. |
Partnership & Development Structure
Oberoi Realty's JV I-Ven Realty has signed agreements with Swiss luxury hospitality firm Aman for a hotel and branded residences project in Mumbai's Worli. Under the residences branding and marketing agreement, the residences will be developed, marketed, and sold using the licensed Aman marks, and managed and operated under the 'Aman' brand.
I-Ven Realty, a joint venture between Oberoi Realty (ORL), its promoter Vikas Oberoi and Alpha Wave Ventures, has entered into hotel management and branding and marketing agreements with Switzerland-based Aman Group (Aman) to develop a luxury hotel and branded residences in the Worli, Mumbai.
Product Specifications
The development plan envisages a hotel of about 80 rooms together with food and beverage outlets and ancillary facilities, and approximately 150,000 to 200,000 sq ft of residences for sale with associated amenities.
Aman will manage and operate the hotel under the Aman brand, with the hotel expected to be operational by 31 August 2032. The initial management term is 25 years and includes an automatic extension for a further period of 10 years unless Aman elects otherwise. The residences will be developed, marketed and sold using licensed Aman marks and will be managed under the same brand.
Detailed floor plans and apartment configurations for the residential component will be released closer to launch, once design and layout finalisation is complete between Oberoi Realty and Aman.
Timeline & Announcement
The partnership was announced in February 2026, marking India's entry into the Aman-branded residential market. The hotel is expected to be operational by 31 August 2032. The residences launch timeline has not yet been disclosed, with both components expected to follow phased development aligned with construction milestones.
Worli Market Context
The ascent of real estate in Worli to ultra-luxury status stems from geography, scarcity, and infrastructure converging uniquely. Worli sits at the midpoint between South Mumbai's financial district and BKC's corporate towers, offering residents proximity to both employment hubs. The Arabian Sea coastline provides unobstructed sea views, a luxury commanding significant premiums in a land-constrained city.
Supporting this transformation is a wave of public infrastructure investment estimated at over Rs 69,000 crore in completed and ongoing projects. The most visible of these is the Bandra-Worli Sea Link, which altered commuting patterns and redefined south-west Mumbai's accessibility. The partially operational Mumbai Coastal Road has further strengthened east-west and north-south connectivity, reshaping travel times and land values across the coastline.
Premium tower apartments in Worli now command ₹65,000 to over ₹1,00,000 per sq. ft. — pricing that positions it as India's equivalent to New York's Lower Manhattan, not merely in aspiration, but in hard economics.
Aman Brand Background
Aman's global portfolio spans across 20+ countries, offering refined luxury escapes, residential living, and curated cultural journeys at unique destinations. Since its establishment in 1988, Aman Group has strategically evolved, transitioning from a collection of intimate retreats into a pioneering force across the realms of hospitality, residential development and lifestyle experiences. Over the course of more than three decades, the group's remarkable growth – underpinned by the inimitable reputation of Aman – has resulted in an ever-expanding portfolio of 36 hotels and resorts in 21 inspiring destinations across the globe.
Aman Residences span more than 20 destinations. Each property is shaped by Aman's hallmarks: profound privacy, generous space and unrivalled access to extraordinary locations. The Worli project will mark India's first Aman-branded residential offering.
Frequently asked questions
What is the status of Oberoi Aman Worli Residences as of September 2026?
The project remains in pre-launch status as of September 2026. The partnership agreement with Aman was signed in February 2026, but formal sales and RERA registration have not yet commenced. Detailed configurations and pricing are expected to be released closer to the formal launch.
Who is I-Ven Realty and how is the project structured?
I-Ven Realty Limited is a special purpose vehicle (SPV) and a JV of Oberoi Realty, in which the company holds a 39.13 per cent ownership interest on a fully diluted basis. The strategic ownership of the joint venture sees Oberoi Realty hold 39.13 per cent, Vikas Oberoi hold 39.13 per cent and Alpha Wave Ventures hold 21.74 per cent of the SPV.
What will be the mix of hotel and residential units at this project?
The development plan envisages a hotel of about 80 rooms together with food and beverage outlets and ancillary facilities, and approximately 150,000 to 200,000 sq ft of residences for sale with associated amenities. This is a mixed-use development with integrated hospitality and branded residential components.
When is the hotel expected to open and how long will Aman manage it?
Aman will manage and operate the hotel under the Aman brand, with the hotel expected to be operational by 31 August 2032. The initial management term is 25 years and includes an automatic extension for a further period of 10 years unless Aman elects otherwise.
Is there a RERA registration number available?
As the project is still in an early, pre-launch stage with construction and sales yet to commence, RERA registration details have not yet been made public. Buyers should verify registration on the MahaRERA portal closer to launch.
What is the expected price range for residences?
Pricing has not been officially released. Given Worli's average rate of around ₹81,083 per square foot in late 2025 and the ultra-luxury Aman branding, residences here are expected to command a significant premium over standard Worli inventory. Specific pricing will be announced upon launch.