Omkar Realtors’ to launch residential project along Mumbai's Andhrei Jogeshwari-East corridor
Kolkata, Nov 22 (IBNS): Omkar Realtors & Developers is launching a 1200-strong residential project in end-November 2017, located on the Western Express highway of Andheri-Jogeshwari East corridor in Mumbai.
The RERA compliant project, currently named “Passcode Andheri Highway”, consists of 1/2/3 bhk units with the ticket size ranging from Rs. 87 lakh to Rs 1.6 crore onward (355 sq.ft -710 sq.ft carpet area).
According to company spokesperson Suresh Rathod, “The project with a fair share of inventory under sub-Rs. 1 crore bracket holds strong attraction for pan-India customers and investors looking at buying in country’s primary realty market. Not only does this ticket sizing compare well with Kolkata market, it holds attractive ROI proposition at the current pricing level.”
Mumbai-based Omkar Realtors & Developers Private Limited (ORDPL) commenced its operations in 2003.
Its projects include Omkar 1973 Worli, Omkar Alta Monte, Omkar Meridia and VIVE (near BKC), Vayu (Mahim), Veda (Parel) and Ananta (Goregaon East), Crescent Bay (Parel) - a JV with L&T Realty, Dhobighat (Mahalaxmi) Majaswadi (Jogeshwari East) and Signet by Omkar (Malad East).
The company plans to complete development of 20 million sq. ft., area by 2018 in Mumbai with an additional pipeline of 40 million sq. ft. to follow.
Omkar has rehabilitated more than 60,000 slum dwellers in Mumbai’s under the Maharashtra government’s Slum Rehabilitation Authority (SRA) housing scheme. The company plans to house another 12,000 slum families across company’s newer sites in next 2-3 years which are in different stages of development.
The company has collaborated with global design firms including Foster + Partners (architecture/UK), Buro Happold (structural engineering/UK), HBA (Interiors/UK), LDA(Landscape/UK), DHA (lighting/UK), ESPA (Spa/UK), Barkley (Pet services/USA), Deeproots Landscape (Singapore), KPM Engineering (Services & Structural engineering/UAE), GOCO Hospitality(Thailand), L&T (Construction/India) among others.
Omkar’s 1000 plus-strong professional work force is headed by Kamal Gupta (Chairman) and Babulal Varma (Managing Director) along with six directors on the board.
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