Vikas Oberoi plans to sell stake in prime Mumbai project

Oberoi Realty Chairman Vikas Oberoi plans to sell his 50% stake in an upcoming project in Mumbai's prime Worli area, to investors. "The thought is to elegantly get out [of the project] in a way there is absolute transparency," Oberoi said. The project, comprising a luxury shopping mall, hotel and office building, is being built over a 4-acre land parcel.