Oberoi Realty surges around 7 percent on favourable court verdict

Reuters Market Eye - Shares in Oberoi Realty Ltd surge around 7 percent after the company said on Thursday that the country's apex court dismissed a lower court judgement 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 Maharashtra.

(Reporting by Abhishek Vishnoi)