News: Three Sixty North Phase One Sold Out: Vikas Oberoi-07-07-2026
Oberoi Realty has sold everything in the first phase of Three Sixty North in Gurugram and will launch the second phase, a single tower, in the next financial year, CMD Vikas Oberoi told Hindustan Times Real Estate.
The first phase, launched on June 29, had more than 800 apartments in six towers. The second could come in the first quarter of the next fiscal, Oberoi said, with exact timing and the topline still being finalised. The company has put total revenue potential for both phases at around Rs 16,000 crore.
Oberoi said sales stood at Rs 8,100 crore, but had the company accepted every cheque it received, the figure would probably have reached Rs 30,000 crores. Demand was four times supply, with four people wanting each flat, and he called them serious buyers as they had put in Rs 50 lakh.
Buyers include professionals, CEOs, CFOs and Non-Resident Indians (NRIs). The NRI share has not been analysed, but interest has been strong from all quarters, he said.
Last week, Oberoi had said apartments would be released in phases instead of being sold out at once. The company eventually opened inventory in all towers, which it said was done out of fairness to buyers and not as a sales strategy. Oberoi said that had anything been held back, the company could have served only a fraction of those who wanted a home, and that given the respect shown by buyers, it chose to offer all it had.
He added that the Gurugram order book will probably be bigger than the company’s Mumbai sales for the entire year, which he found very encouraging.
In a regulatory filing, Oberoi Realty said it recorded gross bookings of approximately Rs 8,109 crore at the project, its first luxury residential development in the NCR, selling 13.52 lakh sq ft of RERA carpet area (23.10 lakh sq ft of saleable area). The first phase has 832 units in six towers, and the master plan has seven.
The 14.8-acre project is on Golf Course Extension Road, Sector 58. Homes start at Rs 18 crore, excluding taxes, in 3 BHK + Studio, 4 BHK + Studio, duplex and penthouse configurations. It will also include landscaped open spaces, Club Three Sixty North and a boulevard with retail and cafés.
