Oberoi Realty says construction continues at Gurugram’s Three Sixty North

Oberoi Realty said on 19 October 2026 that construction at its Three Sixty North project in Sector 58, Gurugram, is not restricted, even as a legal matter concerning the development remains sub judice. Chairman and managing director Vikas Oberoi made the statement during the company’s Q2 FY27 earnings call. The project is on Golf Course Extension Road, near Grand Hyatt Gurugram.

The remarks come after a legal challenge over the project’s licence and developer change. In July, the Punjab and Haryana High Court had restrained further allotments and the creation of third-party rights until Haryana’s Department of Town and Country Planning (DTCP) decided a complaint by Advance India Projects Ltd (AIPL). AIPL alleged breaches of foreign investment rules and provisions of the Haryana Development and Regulation of Urban Areas Act, 1975.

DTCP issued an order on 13 August upholding Licence No. 69 of 2025 and the approval for Oberoi Realty to take over as developer. The department rejected AIPL’s claims, and the company said the order was conveyed to it on 17 August. Reports on the order said the High Court’s temporary restrictions were no longer operative after DTCP’s decision. However, Oberoi told investors that the matter remains sub judice and did not describe it as fully resolved.

Phase 2 awaits approvals

Oberoi said additional approvals are required before it can start the second phase. Management said it also wants an experience centre ready before moving ahead, rather than rushing the launch. The company did not give a launch date. Its first phase has six towers and 432 residences; the master plan includes a seventh tower for Phase 2.

The project is spread across about 14.8 acres on Golf Course Extension Road. Oberoi said sales worth more than ₹8,000 crore had been recorded before the court intervention and that the first phase was sold out. The company reported about ₹835 crore in collections from Three Sixty North during Q2. Its chief financial officer said the project launched in the first week of July, so the 90-day period for the next booking instalment ended in early October; the remaining collections were expected in the following quarter.

Launch pipeline also shifts

Oberoi Realty said pending approvals had delayed its H2 FY27 launch pipeline, with some projects likely to move by a quarter. It said it would wait for projects to be ready rather than launch to a fixed timetable. Separately, the company reported Q2 revenue from operations of ₹1,670.95 crore, down 6.1% year on year, while net profit was ₹761.65 crore, up 0.2%.

For buyers at Three Sixty North, the company’s statement that construction is not restricted is distinct from the unresolved legal challenge. The DTCP order upheld the licence and developer change, but management continues to treat the case as sub judice. Buyers should check project updates and relevant authority orders before relying on any change in allotment or construction status.

The next step to watch is whether Oberoi receives the remaining approvals and sets a timetable for Phase 2. The company also said its broader launch plans could continue to shift as approvals and project readiness progress.