India's Oberoi Realty surges on favourable court verdict

Jan 31 2014, 11:33 IST
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Now, the Oberoi unit can develop the land in the western state of Maharashtra. Reuters Now, the Oberoi unit can develop the land in the western state of Maharashtra. Reuters
SummaryShares in India's Oberoi Realty Ltd surge 7.3 percent

* 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.

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