Gurugram, July 9 (PTI) The Punjab and Haryana High Court has restrained Oberoi Realty from making any fresh allotments or creating third party rights in its ‘Oberoi 360 North’ residential project in Gurugram until the Haryana Department of Town and Country Planning (DTCP) decides on a pending complaint challenging the validity of the project’s license.
The complaint alleges violation of foreign direct investment (FDI) norms and other provisions. Oberoi 360 North is the company’s first project in Gurugram.
The order was passed by a division bench of Justice Jasgurpreet Singh Puri and Justice Sanjeev Beri while hearing the petition filed by Advanced India Projects Limited (AIPL) in the ongoing writ petition against the Director of DTCP, Haryana and others.
AIPL has sought a stay on the license number 69/2025 issued on May 12, 2025 and the subsequent order dated June 17, 2025, approving the transfer of the development license to another developer. The company has also claimed rights over the project and sought to cancel the sale deed executed in favor of Oberoi Realty.
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According to the court order, the dispute pertains to a 14.816-acre land parcel in Sector 58 of Gurugram, where a residential colony with commercial component is proposed.
The petitioner alleged that the grant and subsequent transfer of the license was contrary to the provisions of the Haryana Development and Urban Areas Regulation Act, 1975, and the transaction violated the conditions governing foreign direct investment (FDI).
The bench recorded these as the petitioner’s allegations and did not express any finding on their merits.
The petitioner further argued that FDI in such projects is for development and construction activities and not to facilitate exit through sale of the project, an allegation which was contested by the private respondents.
During the hearing, counsel for the petitioner said that the estimated value of the project is approximately ₹Rs 8,000-10,000 crore and will be developed in multiple phases.
It also said that around 350 units have already been allotted ₹Rs 750 crore recovered from buyers
The petitioner argued that allowing further sales before the decision on the license dispute could complicate the rights of potential home buyers.
The Haryana government informed the court that the representation of the petitioner seeking cancellation of the license under Section 8 of the 1975 Act is pending before the DTCP director, and the matter is listed for July 20.
The state assured the bench that all stakeholders would be given adequate opportunity of being heard before taking any decision.
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AIPL also told the court that it had filed an FIR in 2024 against IREO and Oberoi Realty alleging collusion and fraud in relation to the same land parcel. However, the FIR proceedings have currently been stayed by the Supreme Court and the matter is pending.
