Oberoi Realty stands to benefit from launch of the 360 North project in India's Gurgaon, Nomura's Akash Gupta says in a research report. Nomura's channel checks indicate a minimum of 250 units of this project were launched in phase 1 and have garnered strong interest. Hence, the brokerage lifts its estimate of presales from this project to 60 billon rupees from 15 billon rupees. The strong response to this project signifies unlocking of a new market--Gurgaon--which has seen very robust demand for luxury and ultra luxury properties, a segment to which Oberoi Realty caters. Nomura raises the stock's target price to 2,090 rupees from 1,850 rupees with an unchanged buy rating. Shares are 2.3% higher at 1,975 rupees. (ronnie.harui@wsj.com)