Oberoi Realty · Borivali East

Oberoi Sky City — 2 & 3 BHK Luxury Residences in Mumbai

Location: Borivali East, Mumbai Possession: Q1 2028 Size: 720 – 1,450 sq ft Units: 3,000+ units | 25-acre integrated township
₹2.1 Cr onwards · INR
  • Oberoi Realty — Mumbai's most trusted luxury developer
  • 25-acre integrated township with mall & school
  • Sanjay Gandhi National Park — forest views
  • Borivali — terminus station on Western Line
  • Oberoi International School within campus
Get Floor Plans & Pricing WhatsApp Enquiry
Description Description Description Description Description

PAYMENT STRUCTURE

Payment Plan

Construction-linked payment plan — stage payments tied to MahaRERA-verified milestones with escrow protection.

5%
On Booking
10%
On Commencement of Construction
65%
Construction Linked Stages
20%
On Possession

CONFIGURATIONS & PRICING

Unit Types & Pricing

All prices in Indian Rupees. Subject to applicable GST (5% under-construction) and Maharashtra stamp duty + registration charges.

Configuration Carpet Area Price Range
2 BHK 720 – 900 sq ft ₹2.1 – 2.6 Cr
3 BHK 1,100 – 1,450 sq ft ₹3.2 – 4.2 Cr

LOCATION ADVANTAGE

Connectivity & Landmarks

Key distances from Oberoi Sky City to employment hubs, transport nodes, and infrastructure.

Landmark / Destination Approx. Distance
Borivali Railway Station (Western) 800 m
Sanjay Gandhi National Park 1 km
Chhatrapati Shivaji Airport 18 km
Metro Line 9 (planned) 1.2 km
Dahisar Toll / NH-48 3 km

NRI INVESTMENT GUIDE

Gulf NRI Buyer's Guide — Mumbai

Buying property in Mumbai from the UAE? Complete regulatory roadmap — MahaRERA, FEMA, NRI home loans, PoA, Maharashtra stamp duty and repatriation.

01

MahaRERA Verification

Confirm the project is registered at maharera.mahaonline.gov.in. MahaRERA mandates quarterly construction photo updates, 70% fund escrow protection, and penalty clauses for delays. For Gulf NRIs monitoring from Dubai, this live transparency is essential before every stage payment.

02

NRI Eligibility under FEMA

NRIs and OCIs can freely purchase residential and commercial property in India under FEMA. Payment must flow through an NRE / NRO account or by inward remittance — never via travellers' cheques or foreign currency notes. Agricultural and farmland are restricted.

03

NRI Home Loan from Dubai

HDFC, ICICI, Axis, Kotak and SBI all offer NRI home loans for Mumbai projects — up to 80% LTV on standard configurations, 75% on premium ticket sizes above ₹3 Cr. IA Wealth is a registered DSA and arranges competitive pre-approvals from Dubai, with doorstep document collection.

04

Power of Attorney (PoA)

Get a specific PoA drafted in India, notarise it before a UAE Notary Public, attest it at the Indian Consulate in Dubai or Abu Dhabi, then apostille via UAE MOFA. Once this PoA is registered in Mumbai, your authorised representative can complete all Sub-Registrar formalities — no India visit required.

05

Maharashtra Stamp Duty

Mumbai stamp duty is 6% (5% base + 1% Metro cess) + 1% registration fee. Thane Municipal Corporation levies 7% + 1%. Factor 7–8% of agreement value into your total acquisition cost. IA Wealth provides a full landed-cost sheet before you commit to any project.

06

Repatriation of Proceeds

Rental income and sale proceeds in your NRO account are repatriable up to USD 1 million per financial year after applicable taxes. NRE account balances are fully and freely repatriable. File Form 15CA/15CB with a CA for each remittance above ₹5 Lakh. Capital gains from property held over 2 years attract LTCG at 20% with indexation.

FREQUENTLY ASKED QUESTIONS

NRI Buyer FAQ — Oberoi Sky City

Answers to the questions Gulf NRIs ask most when investing in Mumbai real estate.

Is Oberoi Sky City MahaRERA compliant?
Yes. Oberoi Realty has a strong track record of MahaRERA compliance and on-time delivery. All Sky City towers are registered, with construction updates published quarterly on the MahaRERA portal.
Why do NRIs prefer Oberoi Realty in Mumbai?
Oberoi has a zero-default record on possession timelines across 30+ years. For NRIs who cannot monitor construction remotely, Oberoi's delivery track record is a primary trust signal — alongside the developer-run school and mall within campus.
What home loan can an NRI in Dubai get for this project?
HDFC, ICICI and Axis offer NRI loans on Oberoi projects, typically up to 80% LTV on 2 BHK and 75% on 3 BHK above ₹3 Cr. IA Wealth arranges pre-approvals as a registered DSA from Dubai.
How does the Power of Attorney process work from UAE?
Prepare a specific PoA naming your Bangalore/Mumbai representative, notarise it before a UAE Notary Public, attest at the Indian Consulate in Dubai or Abu Dhabi, apostille via UAE MOFA, then register the PoA in Mumbai. Your rep then handles all registration formalities.
What are the total registration costs in Borivali / Mumbai?
Maharashtra charges 6% stamp duty (5% + 1% Metro cess) + 1% registration fee. For a ₹2.5 Cr flat in Borivali, registration adds approximately ₹17.5 Lakh — IA Wealth provides a full cost sheet before you commit.
Is there a school within Oberoi Sky City?
Yes. Oberoi International School (IGCSE curriculum) operates within the Sky City township — a major draw for NRI families planning to relocate or for tenants with school-going children, supporting premium rental demand.
How do I repatriate rental income earned from this flat?
Rental income credited to your NRO account is repatriable up to USD 1 million per financial year after TDS deduction (30% on NRI rental income). NRE balances are fully repatriable. Engage a CA for Form 15CA/15CB compliance.

GET IN TOUCH

Enquire About Oberoi Sky City

IA Wealth's Dubai team guides Gulf NRIs through every step — floor plan selection, home loan, PoA and registration. No India visit needed.

Why Book Through IA Wealth?

We are RERA-registered Dubai brokers (Reg. 52591) with a dedicated India desk. Our advisors connect you with developer STMs, bank DSAs, and PoA lawyers — all from your Dubai office or home.

  • Dubai Office OBK Business Centre, 20F, Burj Gate, Sheikh Zayed Road
  • WhatsApp +971 56 909 3693
  • Email dubai@investadvise.in
  • RERA Reg. 52591
  • Speciality NRI India Residential Investment
Oberoi Sky City · ₹2.1 Cr onwards
WhatsApp Enquiry