Oberoi Realty Gurugram Project: DTCP Rejects AIPL's Licence Challenge, Court Curb Lifted
Haryana's DTCP has rejected Advance India Projects' plea to cancel Oberoi Realty's Gurugram licence, and the company says a High Court curb on allotments no longer applies. Shares fell over 2% on August 18, 2026 even as bookings for Three Sixty North stood at about Rs 8,109 crore.
Gaurav Sharma6 min read
Oberoi Realty Ltd shares fell more than 2% in early trade on Tuesday, August 18, 2026. This happened even as the Mumbai-based developer told investors that a court-ordered restriction on its debut Gurugram project no longer applies.
The company had informed stock exchanges a day earlier, on August 17, 2026, that the director of Haryana's DTCP had rejected a petition filed by Advance India Projects Ltd (AIPL). AIPL had asked DTCP to cancel Oberoi Realty's project licence and reverse the change-of-developer approval that let Oberoi Realty take over the project.
The DTCP director held that AIPL's petition was "filed being without any merit," according to Oberoi Realty's exchange disclosure. The director also stated that Oberoi Realty's Licence No. 69 of 2025 and its change-of-developer approval remain legally intact.
What DTCP decided, and what it means
The DTCP rejection is significant because it was tied to a separate restriction imposed by the Punjab and Haryana High Court. That restriction had paused fresh unit allotments and any transfer of third-party rights in the Three Sixty North project.
Oberoi Realty says that with the DTCP petition now rejected, the High Court's temporary restriction "is no longer operative."
DTCP has now ruled on that complaint. In an order dated August 13, 2026, the DTCP director held that:
- Licence No. 69 of 2025 (dated 12.05.2025) and the order dated 17.06.2025 approving the change of developer in favour of Oberoi Realty are legally intact and require no action under Haryana's Development and Regulation of Urban Areas Act (Act No. 8 of 1975); and
- AIPL's representation dated 29.04.2026, seeking cancellation of the licence and the change-of-developer approval, is rejected as "without any merit."
Oberoi Realty says that with this rejection, the High Court's restriction on allotments "has ceased to be operative." This is the company's own characterisation, made in its own exchange filing — a primary-source disclosure, not a media summary.
It's worth being precise about scope: DTCP's order resolves AIPL's specific challenge. It is not a broader clearance of the project's regulatory history, and it is not a RERA-specific finding — Haryana RERA registration is a separate track.
Two points from Oberoi's own disclosures are worth flagging for buyers: the restriction never affected sales already concluded (per the company's July 5, 2026 disclosure), and there was no stay on construction at any point.
The project so far
Three Sixty North, on Golf Course Extension Road, Sector 58, Gurugram, is Oberoi Realty's first project in the National Capital Region. In its July 2026 update, the company reported gross bookings of about Rs 8,109 crore, This is a developer-reported number, not one checked against Haryana RERA's registered sales data.
| Project Name | Configuration | Super Area | Total Units | Price/sq.ft |
|---|---|---|---|---|
| Three Sixty North Tower A By Oberoi Realty | 4 BHK | 5,600 sq.ft | 68 | ₹33,500 |
| Three Sixty North Tower B By Oberoi Realty | 4 BHK | 5,600 sq.ft | 70 | ₹33,500 |
| Three Sixty North Tower C By Oberoi Realty | 4 BHK | 5,600 sq.ft | 70 | ₹33,500 |
| Three Sixty North Tower E By Oberoi Realty | 5 BHK | 8,600 sq.ft | 70 | ₹33,500 |
| Three Sixty North Tower F By Oberoi Realty | 5 BHK | 8,600 sq.ft | 70 | ₹33,500 |
| Three Sixty North Tower G By Oberoi Realty | 5 BHK | 8,600 sq.ft | 70 | ₹33,500 |
| Total | — | — | 418 | — |
What remains unclear
Oberoi Realty's exchange disclosure is written from the company's side of the dispute, which is normal for a stock-exchange filing but means several details are missing from the public record as things stand.
- The original basis of AIPL's challenge. The filing does not explain why AIPL sought cancellation of the licence or of the change-of-developer approval.
- Timing of the High Court's original restriction. The disclosure does not state when the Punjab and Haryana High Court first imposed the curb on allotments, or under what petition.
- Whether AIPL will appeal. There is no public information yet on whether AIPL intends to challenge the DTCP's rejection before the High Court or any other forum.
Buyers and investors tracking this project should treat the matter as resolved at the DTCP level, for now, rather than as fully and finally closed.
What buyers should check before relying on this update
- Get the DTCP order directly from Haryana DTCP rather than relying on the company's summary.
- Confirm licence status independently — Licence No. 69 of 2025 and the 17.06.2025 change-of-developer approval.
- Check RERA registration separately — a DTCP licence dispute is a different track from Haryana RERA project registration.
- Track any AIPL appeal, which could reopen questions about allotments and third-party transfers.
- Treat the rejection as a legal outcome, not a quality certification — it doesn't speak to construction quality, delivery timelines, or track record.
- Separate bookings from verified sales — the Rs 8,109 crore figure is company-reported, not RERA-verified.
RERA Tracker watch-list
- 17 August 2026: Oberoi Realty informs stock exchanges that Haryana DTCP has rejected AIPL's petition against its licence and change-of-developer approval.
- 18 August 2026: Oberoi Realty says the Punjab and Haryana High Court's temporary restriction on allotments and third-party rights is no longer operative; shares fall over 2% intraday.
- July 2026: Company discloses gross bookings of about Rs 8,109 crore against a project value of about Rs 16,000 crore for Three Sixty North.
- July 2026: Oberoi Realty reports first-quarter consolidated net profit of Rs 544 crore, up 29% year-on-year.
- Pending: Whether AIPL appeals the DTCP order, and any update to the project's Haryana RERA registration status, remain unreported as of this article.
About RERA Tracker
ReraTracker is an independent research platform that helps Delhi-NCR property buyers and investors check project documents, licence and registration status, and developer track records rather than relying only on company statements or news summaries.
For a project like Three Sixty North, where a licence dispute and a court restriction have both featured in the same week's disclosures, the practical step is to look up the current RERA registration and licence status directly rather than assume the matter is closed because one petition was rejected.
This article is based on Oberoi Realty's disclosures to stock exchanges and public reporting on those disclosures. The Haryana DTCP order and the Punjab and Haryana High Court's original order were not independently reviewed for this article. Figures for bookings, project value, and quarterly financial results are as reported by the company and have not been independently verified against Haryana RERA records or registered transaction data. Readers should confirm current licence, registration, and litigation status directly with Haryana DTCP, Haryana RERA, and the company before making any purchase decision. This is not financial, legal, or investment advice.
