Mumbai’s premium real estate market is set for a new branded hospitality-led development in Worli after Oberoi Realty entered into a partnership with Switzerland-based Aman Group to develop a mixed-use luxury project. The proposed scheme will combine an ultra-luxury hotel and high-end residences on a four-acre land parcel in central Mumbai, reinforcing the city’s position as a gateway for global capital and hospitality brands.Â
The development will be executed through I-Ven Realty Ltd, a joint venture entity in which Oberoi Realty holds a minority equity stake. Plans outline an 80-key luxury hotel alongside 150,000 to 200,000 square feet of branded residential space. The Aman Group will operate both the hotel and the residences under long-term management arrangements, introducing its globally recognised hospitality model to Mumbai. Worli has emerged as one of India’s most valuable residential and commercial micro-markets, supported by sea-link connectivity, proximity to the Bandra-Kurla Complex business district and upcoming coastal and metro infrastructure. Urban economists say the arrival of a branded hospitality residence format reflects sustained demand from high-net-worth individuals seeking curated living environments with integrated services.
The Oberoi Realty Aman Mumbai partnership highlights the growing convergence between hospitality and residential development. Branded residences  where homeowners access hotel-level amenities, concierge services and wellness facilities have gained traction in global cities. In Mumbai, such projects are often positioned within tightly regulated land parcels, requiring complex planning approvals and long gestation periods. Real estate consultants observe that the luxury housing segment in Mumbai has shown resilience even amid broader market fluctuations. Transactions in the ₹10 crore-plus category have remained robust, driven by domestic wealth creation and returning non-resident Indian investment. Integrating a hotel component may also diversify revenue streams, offering developers greater flexibility across market cycles.
From an urban development perspective, the Oberoi Realty Aman Mumbai partnership underscores a continued push towards high-density, high-value projects within established neighbourhoods rather than peripheral expansion. However, planners caution that such developments must align with evolving sustainability norms, including energy efficiency, water conservation and climate-resilient design  particularly in coastal zones vulnerable to extreme weather.
Hospitality analysts note that Mumbai’s room inventory in the ultra-luxury segment remains limited compared to global financial centres.
The addition of an internationally managed property could strengthen the city’s appeal for business travellers and high-spending tourists, especially as infrastructure upgrades reshape mobility across the metropolitan region.
While timelines for completion have not been publicly detailed, the project signals confidence in Mumbai’s long-term growth trajectory. As land becomes scarcer and capital more selective, collaborations such as the Oberoi Realty Aman Mumbai partnership may define the next phase of branded, experience-led real estate in India’s most expensive property market.
Mumbai Worli Luxury Project AnnouncedÂ
