Vikas Oberoi is an Indian billionaire businessman, philanthropist, and real estate developer who is the chairman and managing director of Oberoi Realty, one of India’s largest publicly listed real estate development companies headquartered in Mumbai, Maharashtra. He is also the husband of former Bollywood actress Gayatri Joshi, who starred opposite Shah Rukh Khan in the 2004 film Swades.

Early Life, Age, and Family

Vikas Oberoi was born in 1969 to Ranvir Oberoi and Santosh Oberoi in Mumbai, Maharashtra. As of 2023, his age is 54 years old. He also has a sister, Bindu Oberoi. His father, Ranvir Oberoi, started off as an investor and broker in Mumbai’s real estate market in the 1970s and 1980s and operated from a 300 sq. ft office in Maker V in Nariman Point. He used to book flats in advance sales, putting down 10% of the cost and selling them at a profit later on after the prices rose.

Education

Vikas Oberoi studied at Mount Carmel High School in Nagpur, and when the family relocated to Mumbai, he was enrolled in the J. B. Vachha High School. After completing his schooling, he went on to study commerce at Sydenham College. He then went on to obtain a degree in the Owner/President Management program at Harvard Business School in the US.

Career and Businesses

Vikas Oberoi joined his father’s business in 1993 as the managing director of Oberoi Constructions Ltd., which was later renamed Oberoi Realty Ltd. in 2009. Under his leadership, the company expanded its portfolio from residential projects to commercial, retail, hospitality, and social infrastructure projects. Some of the landmark projects developed by Oberoi Realty include:

  • Oberoi Garden City: A mixed-use development spread over 80 acres in Goregaon East, Mumbai, comprising luxury apartments, a mall, a hotel, an international school, and landscaped gardens.
  • Sky City: A residential project spread over 25 acres in Borivali East, Mumbai, comprising nine towers of 60 stories each, offering panoramic views of the city and the Sanjay Gandhi National Park.
  • Three Sixty West: A luxury residential project in Worli, Mumbai, comprising two towers of 65 stories each, offering uber-luxury residences managed by Ritz Carlton.
  • The Westin Mumbai Garden City: A five-star hotel located in Goregaon East, Mumbai, offering 269 rooms and suites, along with dining, wellness, and meeting facilities.
  • Oberoi Mall: A premium shopping mall located in Goregaon East, Mumbai, offering over 500 brands across fashion, lifestyle, entertainment, and food.

Vikas Oberoi is also the founder of the Oberoi Foundation, which focuses on the development of educational institutions and other social infrastructure. The Oberoi International School, which opened in 2008 in Mumbai, is one such initiative by the foundation that aims to provide world-class education for children.

Awards & Achievements

He has also received several awards and recognitions for his contribution to the real estate industry and society, such as:

  • Entrepreneur of the Year Award by Economic Times Awards for Corporate Excellence in 2010.
  • Real Estate Person of the Year Award by GIREM Leadership Awards in 2011.
  • Outstanding Contribution to Real Estate Sector Award by CNBC Awaaz Real Estate Awards in 2012.
  • Scroll of Honour Award by Realty Plus Excellence Awards in 2013.
  • CEO of the Year Award by Construction Week India Awards in 2014.

Net Worth

According to Forbes, Vikas Oberoi has a net worth of $3.8 billion as of October 3, 2023. He ranks 747th in the world and 65th in India among the billionaires. His net worth has increased significantly from $1.7 billion in 2021 and $780 million in 2014, thanks to the growth of his real estate business and investments. He holds 67.7% shares in Oberoi Realty Ltd., which is listed on the Bombay Stock Exchange and the National Stock Exchange of India.

Lifestyle

Vikas Oberoi leads a luxurious and lavish lifestyle with his wife and two sons. He is an avid traveler and has visited several countries around the world, including France, Switzerland, Maldives, Thailand, and Australia. He is also a philanthropist and has supported various causes such as education, health, environment, and animal welfare.

He is the founder of the Oberoi Foundation, which focuses on the development of educational institutions and other social infrastructure. The Oberoi International School, which opened in 2008 in Mumbai, is one of his initiatives that aims to provide world-class education for children. He is also a sports enthusiast and enjoys playing golf and tennis. He has a pilot’s license and loves flying.

Income Sources

The main source of income for Vikas Oberoi is his real estate business. He is the CEO of Oberoi Realty, which has developed several landmark projects in Mumbai and other cities, such as residential complexes, commercial spaces, retail malls, hotels, and integrated townships. 

Some of his notable projects are Oberoi Garden City, Oberoi Mall, Oberoi Sky City, Oberoi Splendor, Oberoi Exquisite, Oberoi Woods, The Westin Mumbai Garden City Hotel, The Ritz-Carlton Mumbai (under construction), and Commerz III (under construction). 

He also earns from his other companies and investments, such as Astir Realty LLP (Director), Pinnacle Aviation Pvt Ltd (Director), Kingston Property Services Ltd (Director), and Oberoi Constructions Ltd (Managing Director).

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Cars

Vikas Oberoi owns a fleet of luxury cars that he uses for his personal and professional purposes. Some of his cars are:

  • Ferrari 488 GTB (black): This is the car that he was driving with his wife Gayatri Joshi when they were involved in a horrific car accident in Italy on October 1, 2023. They escaped with minor injuries, but a Swiss couple died when their Ferrari caught fire after colliding with a Lamborghini and a camper van.
  • Rolls-Royce Phantom Drophead Coupe (white): This is one of the most expensive and exclusive cars in the world, with a price tag of about $500,000. It has a convertible roof that can be opened or closed in 25 seconds. It also has features such as suicide doors, rear-hinged coach doors, teak wood decking, leather upholstery, and a starlight headliner that creates the illusion of a starry night sky inside the car.
  • Mercedes-Benz S-Class (Silver): This is a luxury sedan that offers comfort, safety, and performance. It has features such as adaptive cruise control, lane keeping assist, blind spot assist, night vision assist, panoramic sunroof, massage seats, ambient lighting, and a Burmester sound system.
  • BMW X6 (black): This is a crossover SUV that combines the features of a coupe and an SUV. It has features such as all-wheel drive, adaptive suspension, head-up display, rearview camera, parking sensors, navigation system, leather seats, and a Harman Kardon sound system.

House

Vikas Oberoi lives in a lavish bungalow in Juhu Tara Road in Mumbai with his wife Gayatri Joshi and their two sons Vihaan and Viraaj. The bungalow is spread over 10 acres of land and has a built-up area of about 15,000 square feet. It has features such as a swimming pool, a gymnasium, a home theater, a library, a bar lounge, a spa room, a meditation room, a guest room, and a garden. The bungalow is designed by an international architect and has a contemporary style with elegant interiors. The bungalow is also equipped with high-end security systems and CCTV cameras.

Vikas Oberoi’s Marriage with Actress Gayatri Joshi

Vikas Oberoi married Gayatri Joshi on August 27, 2005. Gayatri Joshi is a former Indian actress, video jockey, and model who won the title of Femina Miss India International in 2000 and represented India at Miss International 2000. She made her Bollywood debut with Ashutosh Gowariker’s Swades in 2004, opposite Shah Rukh Khan. However, she quit acting after her marriage and devoted her life to her family.

Children: Sons & Daughters

Vikas and Gayatri have two sons: Vihaan Oberoi (born on May 1st ,2006) and Yuvaan Oberoi (born on November 18th ,2010) . The family lives in a luxurious penthouse in Worli Sea Face, Mumbai. Vikas is also known for his passion for sports cars and flying. He owns a Lamborghini Huracan Spyder and a Cirrus SR22 Tango aircraft. He also has a pilot’s license and flies his own plane. He also likes reading, traveling, and skiing.

How Gayatri Joshi and Vikas Oberoi Survived a Fiery Collision in Sardinia

Gayatri Joshi, a former Miss India International and Bollywood actress, and her husband Vikas Oberoi, a real estate tycoon, were involved in a horrific car accident in Italy on Sunday, October 1, 2023. The couple escaped with minor injuries, but a Swiss couple traveling in a Ferrari died when their vehicle burst into flames after colliding with a Lamborghini and a camper van.

The accident occurred during the Sardinia Supercar Tour, an event where luxury cars parade from Teulada to Olbia. According to reports, the collision took place when the Lamborghini and the Ferrari tried to overtake the camper van at the same time, resulting in the overturning of the van and the Ferrari catching fire. A video of the tragic incident has surfaced online, showing several luxury cars trying to maneuver around the burning Ferrari and the toppled van.

Gayatri Joshi and Oberoi were traveling in another Ferrari behind the Lamborghini. They managed to avoid the collision and stopped at a safe distance. They were later taken to a hospital for a check-up and were discharged after confirming that they were fine.

Gayatri Joshi confirmed to Free Press Journal that she and her husband were doing “absolutely fine” after the tragic accident. She said, “Vikas and I are in Italy. We met with an accident here. With God’s grace, we both are absolutely fine.”

Gayatri Joshi is best known for her role as Geeta in the critically acclaimed film Swades (2004), opposite Shah Rukh Khan. She won several awards for her debut performance, but she left the industry soon after. She married Vikas Oberoi in 2005 and they have two children. Vikas is the chairman and managing director of Oberoi Realty, one of India’s leading real estate companies.

Shah Rukh Khan's 'Swades' co-star Gayatri Joshi and her businessman husband, Vikas Oberoi, recently survived a car accident in Italy. They were on a vacation there when this fatal accident took place. Gayatri and her husband were driving their Lamborghini when their luxury car… pic.twitter.com/TTMPQA9Bw7

— IndiaToday (@IndiaToday) October 4, 2023

The Swiss couple who died in the accident were identified as Peter Huber, 64, and his wife Susanne Huber, 63. They were from Zurich and had arrived in Sardinia on Saturday for the Supercar Tour. They were driving a Ferrari 488 Pista Spider, worth about $350,000.

The driver of the Lamborghini was identified as Giuseppe Cipriani, 55, an Italian businessman and former Formula One driver. He suffered some bruises and was taken to a hospital along with his passenger, a 25-year-old woman. The driver of the camper van was identified as Marco Piras, 43, a local resident who was traveling with his wife and two children. They all sustained minor injuries and were also taken to a hospital.

The police are investigating the cause of the accident and have seized the vehicles involved for further examination. They have also collected testimonies from eyewitnesses and participants of the Supercar Tour.

The Sardinia Supercar Tour is an annual event organized by Driving Emotions Motor Sport Club, a company that offers luxury car rentals and tours. According to its website, the tour covers about 500 kilometers of scenic roads across Sardinia, with stops at various locations such as Porto Cervo, Porto Rotondo, Alghero, Bosa, Oristano, Pula, Chia, and Teulada. The tour costs about $10,000 per person and includes accommodation, meals, fuel, insurance, and assistance.

The organizers of the tour expressed their condolences to the families of the victims and said they were cooperating with the authorities. They also said they were suspending the tour until further notice.

Key Facts

FactValue
Date of accidentOctober 1, 2023
Location of accidentTeulada-Olbia road in Sardinia
Event nameSardinia Supercar Tour
Number of vehicles involved4
Number of fatalities2
Number of injuries7
Names of deceasedPeter Huber (64) and Susanne Huber (63)
Names of injuredGiuseppe Cipriani (55), female passenger (25), Marco Piras (43), female passenger (40), male child (12), female child (10), Gayatri Joshi (43), Vikas Oberoi (51)
Vehicles involvedFerrari 488 Pista Spider (red), Lamborghini Huracan Performante (green), Ferrari 488 GTB (black), camper van (white)

Profile Summary

Vikas Oberoi is an Indian billionaire businessman, philanthropist and real estate developer who is the chairman and managing director of Oberoi Realty, one of India’s largest publicly listed real estate development companies. He is also the husband of former Bollywood actress Gayatri Joshi, who starred opposite Shah Rukh Khan in the 2004 film Swades.

He has built an impressive portfolio of residential, commercial, retail, hospitality, and social infrastructure projects in Mumbai and has a net worth of $3 billion. He is also the founder of the Oberoi Foundation, which focuses on the development of educational institutions and other social infrastructure. He married Gayatri Joshi in 2005 and has two sons. He is passionate about sports cars and flying and owns a Lamborghini and a plane. He was involved in a major car accident in Italy in 2021 but survived with minor injuries.

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