India's Oberoi Realty surges on favourable court verdict

Written by Reuters | Updated: Jan 31 2014, 17:03pm hrs
OberoiNow, the Oberoi unit can develop the land in the western state of Maharashtra. Reuters
* Shares in India's Oberoi Realty Ltd surge 7.3 percent after the company said on Thursday that the country's apex court dismissed a lower court judgment that had declared as private forest certain properties that a unit of the real estate developer wanted to develop.

* Now, the Oberoi unit can develop the land in the western state of Maharashtra.