Mr. P. R. S. Oberoi, Head, Oberoi Group,said “We are preparing the plans".
The proposed initial multi use projects in Bangalore and Goa would be based on a new business model.
The Reliance group would be the key investor in the planned venture.
A new joint venture would be floated to take up such future projects. In Bangalore, 8.2 acres of prime land and a 55-acre existing leisure property in Goa, are being taken up for a residential-cum-hotel project. In Bangalore, to be named Oberoi Residency, would be an Oberoi-branded luxury hotel, which would service 60 apartments.
In Goa, where beach front sites, a similar concept would be applied to build another Residency.
Oberoi indicated such a hotel-centred joint venture residency project overseas might come up in Marrakech in Morocco. Pune can also be another such project location.
Oberoi said,''The new strategic relationship with the Reliance group would not affect the existing partners, such as Rahejas, who partnered Oberoi group in the Trident-brand hotels under EIH Associated Ltd.
In this joint venture Reliance group's role as a friendly investor.
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