Oberoi Realty Ltd along with consortium partners Shree Naman Developers Pvt Ltd and JM Financial Properties and Holdings Ltd has acquired 49.99% shareholding in Hotel Horizon Pvt Ltd by investing ₹460 crore following the implementation of the Corporate Insolvency Resolution Plan approved by the Mumbai bench of the National Company Law Tribunal (NCLT).
As part of the deal, Oberoi Realty infused ₹460 crore into Hotel Horizon, comprising subscription to 49,999 equity shares of ₹100 each aggregating ₹49.99 lakh, while the balance amount was infused as unsecured loan. The acquisition was completed on May 7, 2026.
Prime Juhu land parcel
Oberoi Realty is one of Mumbai’s leading luxury real estate developers with presence across residential, commercial, retail and hospitality segments.
Hotel Horizon, incorporated in December 1968, owns a prime land parcel measuring around 7,500 sq. metres overlooking the Arabian Sea in Mumbai’s upscale Juhu locality, one of the city’s most sought-after residential and hospitality micro-markets.
The acquisition gives the consortium access to a strategically located beachfront property with redevelopment potential in a market where land availability remains highly constrained.
The hospitality and luxury residential segments in Juhu have continued to attract developer interest due to strong demand, premium pricing and limited inventory of large land parcels.
Resolution plan
Under the approved resolution plan, the consortium agreed to pay ₹919.25 crore, including equity subscription of ₹1 crore towards acquisition of 100% ownership of Hotel Horizon, along with additional amounts that may become payable under the terms of the plan.
Following implementation of the resolution plan, the Monitoring Committee overseeing the insolvency process ceased to exist from May 7, 2026.
The Board of Directors of Hotel Horizon has been reconstituted with nominees identified by consortium members and management control has now vested with the consortium.
The acquisition strengthens Oberoi Realty’s presence in Mumbai’s premium real estate market, where the company already has a significant portfolio across residential, commercial, retail and hospitality developments.