There was a lot of speculation made on the deal between Centaur Hotel and Oberoi realty. It has been recently revealed that the deal has been called off by the two and the reason for the same is believed to be the dispute that the two parties seemed to get in regarding the clauses of the same.

The deal was a much awaited and hyped one and there were all eyes set on each move of these firms. In a startling turn of events, the two firms called off the deal in a press conference and said that it might not be considered again for a long time to come.

Oberois are liable now, to pay the other firm a sum of 730 million rupees. The V groups shall use other forms of law suit against them if they don’t pay this sum to them by 90 days. This withdrawal by the two firms has left them both in a state of tension and trouble. They both need to make many changes in their policies so that he deal is tackled and put off smoothly for now. This might even affect the market standing and goodwill of the firms and they need to stay careful about the same.