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Oberoi Realty's JV deal to buy Centaur Hotel terminated
Oberoi Realty’s joint venture deal to buy Centaur Hotel here from Ajit Kerkar’s V Hotels has fallen through, as an arbitrator has terminated the agreement between buyer and seller. Siddhivinayak Realties Pvt Ltd (SRPL), a 50:50 joint venture between Oberoi and the promoters of DB Realty, had entered into an agreement with V Hotels on March 31, 2005, to buy the Centaur Hotel in Juhu Beach.