India, March 30 -- Mumbai-based, listed, real estate developer Oberoi Realty has inked a development agreement (DA) for the redevelopment of two housing societies in the Peddar Road area of South Mumbai. The company, in a regulatory filing, said the project is estimated to have a sale potential of 1.40 lakh sq ft of RERA carpet area.

"We write to inform you that the Company has today entered into a Development Agreement with two adjacent housing societies situated at M.L. Dahanukar Marg, and Dr. G. Deskhmukh Marg, Peddar Road, Mumbai for redevelopment of lands admeasuring in aggregate ~4,800 square meters (subject to set-back areas)," the company said in the regulatory filing.

According to the company, its free sale component from the p...