Oberoi Realty sells Stake in I-Ven Realty to Alpha Wave Ventures

Oberoi Realty sells Stake in I-Ven Realty to Alpha Wave Ventures

Oberoi Realty sells Stake in I-Ven Realty to Alpha Wave Ventures

Oberoi Realty has successfully completed the sale of a Rs. 1,250 crore stake in its joint venture company, I-Ven Realty, to Alpha Wave Ventures II LP. The deal was finalised following the board's approval and execution of the definitive agreements in March 2025, with the transaction being officially completed on May 9, 2025.

As part of the stake sale, Alpha Wave Ventures has been allotted 2,77,778 Series A compulsorily convertible preference shares (CCPS) at an issue price of Rs. 44,999.964 per share, along with 10 Class A equity shares at Rs. 10 each. This investment grants Alpha Wave Ventures a 21.74% stake in I-Ven Realty on a fully diluted basis.

Following the transaction, Oberoi Realty's stake in I-Ven Realty now stands at 39.13% on a fully diluted basis.

This stake sale is part of Oberoi Realty's broader strategy to unlock value from its joint venture and introduce a strategic, long-term institutional partner to help scale the platform. The proceeds from the transaction will be used to repay outstanding loans and redeem existing preference shares, benefiting both Oberoi Realty and its key stakeholders, including Vikas Oberoi, one of the major investors in I-Ven Realty.

The successful completion of this deal marks a significant milestone for Oberoi Realty, enabling the company to strengthen its financial position and focus on future growth, while Alpha Wave Ventures brings in fresh capital and expertise to help further develop I-Ven Realty's projects.

About the author
Sandeep Sadh

About Sandeep Sadh

Sandeep Sadh has been in the real estate business since 1993 in Mumbai. He has expertise in Buying, Selling, Leasing properties in Mumbai and a deep understanding of legal and tax related matters due to his experience.

Summary

Over the years, he has experienced the City's growth. He has been a columnist in the Times of India with numerous articles, which bring about a clear picture of the real estate market in Mumbai. He is a regular on NDTV, CNBC, ET Now Real Estate and Zee News, giving his experienced quotes as and when required.

Sandeep Sadh has used information and technology since the year 1998 and now what people call it Prop Tech to cater to the needs of Home Buyer, Seller, Investor and Corporates, HNI and NRI looking to Buy/Sell or Lease their properties in the Mumbai Property Market.

Sandeep has a holistic experience of real estate be it Leasing an Apartment for your CEO in the most upmarket buildings, to enter into a long lease for your office in Mumbai in prime buildings or an Investment in good projects with a detailed analysis keeping in mind the Demand and Supply and other micro factors of the project/property.

Sandeep Sadh has developed a few websites like www.mumbaipropertyexchange.com, www.realestatemumbai.com, www.propi.in which augment the real estate consulting business.

Right from Investments in Primary Markets to Selling, leasing and specializing for NRI’s all over the world. He is an expert in NRI Home Buying and Selling and has a good understanding of the Income Tax laws pertaining to Selling a Property and Repatriating funds overseas or reinvesting based on Capital Gains etc.

Experience

  • Residential Leasing
  • Commercial Leasing
  • Residential Home Buying
  • Commercial Property Buying
  • Investment Properties with complete Property Management as your Real Estate Family office

While transacting in the above segments, he has complete experience and deep understanding of the paper work, his areas of expertise are :

  1. Drafting of the Leave and License Agreements
  2. MOU for Buying/Selling Properties
  3. Drafting Agreement for Sale
  4. Gift Deeds
  5. Computing of Capital Gains with current ready reckoner values
  6. Drafting of Supporting Power of Attorney.

As an add on Service, Sandeep Sadh has tied up with various Professionals like Lawyers and Chartered Accountants who add value in transacting and specially services for Non Resident Indians.

Application to Income Tax for Lower Tax Deduction Certificate – Through a qualified CA and keeping a grip on the traction so that the remittance back to Non Resident Indians after Selling the property is seamlessly transferred.

You can connect with Sandeep Sadh on ssadh@mumbaipropertyexchange.com

LinkedIn - https://www.linkedin.com/in/sandeepsadhmpe/