Oberoi Reality witnessed nearly 3% decline in today’s afternoon trade as the company’s MD Vikas Oberoi was involved in a horrific accident and will face up to 7 years in prison.
In a devastating incident, Oberoi Realty, a renowned real estate firm, experienced a significant downturn in the market following a horrifying accident involving its Managing Director, Vikas Oberoi. The incident, which occurred in Sardinia, Italy, involved Oberoi and former Bollywood actress Gayatri Joshi, resulting in a fatal collision with a Swiss couple traveling in a Ferrari.
The accident transpired as Oberoi and Joshi, part of a sports car enthusiasts’ group, collided with a camper van ahead of them. The impact caused their Lamborghini to go beneath the larger vehicle, leading to a tragic overturn. Regrettably, the Ferrari carrying the Swiss couple caught fire, resulting in the unfortunate demise of the elderly pair.
Oberoi, a prominent figure in the Indian real estate industry, faces severe legal consequences for the incident. If charged and found guilty, he could potentially face up to seven years in prison. This incident has sent shockwaves throughout the real estate sector and the wider community, leaving many in disbelief over the tragic turn of events.
