(Upswing
in SMEs and trading community from Indore investing in Mumbai market)


Indore,
Nov
16, 2017: Mumbai
based Omkar Realtors & Developers, one of the country’s leading brands in
redevelopment, boutique and luxury housing, is launching a 1200-strong
residential project in end-November 2017. 
This low ticket sized boutique inventory offering will be the biggest
realty launch across pan-India market post-RERA.
        
The
RERA compliant project, currently codenamed “Passcode Andheri  Highway”, consists of 1/2/3  bhk units with the ticket size ranging from
Rs. 87 lakh to Rs 1.6 crore onwards (355 sq.ft -710 sq.ft carpet area). The
project located on the western express highway of Andheri-Jogeshwari east
corridor comes with a record 30 plus amenities and an inventory of 1200 plus apartments
as part of Phase 1 launch. 
According
to company spokesperson Animesh Das, Head Channel Partners, Omkar Realtors :
“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 key MP markets; especially Indore, it holds attractive ROI proposition at
the current pricing level.”
Mr.
Das added that the buyers are eyeing inventory in areas with upcoming
infrastructure developments such as Metro, Mono rail, new link roads connecting
the East -West Corridors etc., and Andheri-Jogeshwari is one such key location
in Mumbai. 
The
project strategically located on the Western Express Highway enjoying easy
access to domestic and international airports comes with flexible payment plans
and minimal down payment options.
The key target customer groups in this micro market spans
SME’s, trading community, corporate professionals, media & entertainment
industry.  The location is one of the
most sought after by Mumbai’s film and television fraternity including artistes
and production houses.
     
     
Omkar’s MP outreach:
Omkar has a 4,000-strong customer
base including pan India locations and global NRI communities.  The customer and investors traction has been
on the increase from Central region markets particularly Indore, Bhopal in
country’s premier market with trading communities accounting for a major chunk
of investments.
While Mumbai’s corporate sector has
been drawing mid-level and senior level talent from the key Pan India markets,
the city’s trading vertical spanning commodities, oil extraction, metals,
imitation jewelry, bullions has historically found a connect with Indore
business community. These factions have been key investors in both low ticket
and mid-ticket sized realty projects in Mumbai.
For Omkar, the investment sentiment
from the Central region has seen a marked interest recently accounting for a Rs
30-crore plus realty portfolio during the current year itself.  
According to Mr. Das, the marked
interest level from Central region, especially Indore indicative of high trust
quotient and transparency factor prevalent amongst customers for leading
branded players in Mumbai’s residential market.
About Omkar Realtors & Developers Pvt Ltd:
Mumbai-based Omkar Realtors & Developers Private Limited (ORDPL), commenced
its operations in 2003. The company is promoted by second generation
entrepreneurs backed by five decades of business heritage and strong
financials. The company’s expertise is showcased through an array of
residential and commercial projects with an estimated land-bank inventory of
over 40 million sq. ft, spread across most premium locations in Mumbai.
Over the last couple of years, the brand
has been consistently amongst the top 3 selling realty brands in India’s premier
realty market with its market leadership in Redevelopment, Luxury and Boutique
offerings in the residential and commercial space.
Today, Brand Omkar has successfully
designed projects aimed at luxury gated communities. This includes its most
anticipated ultra-luxury residential development Omkar 1973 Worli and the
largest and tallest luxury gated community in Mumbai’s suburbs, Omkar Alta
Monte. Other key projects include Omkar Meridia and VIVE (Near BKC), Vayu
(Mahim), Veda (Parel) and Ananta (Goregaon East), Crescent Bay (Parel) – JV
with L&T Realty, Dhobighat (Mahalaxmi) Majaswadi (Jogeshwari
East) and Signet by Omkar (Malad East).
It has already delivered 15
projects in Mumbai and is currently developing another 6 projects with major
emphasis on boutique luxury & lifestyle housing space. 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 enjoys the market
leadership in Mumbai’s re-development space having 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.
In mid-2017, the brand achieved a
record sales of 580 units within a 15-day timeline, for its boutique luxury
residential project “Signet” at Malad East, adjoining the Western Express
Highway.
The company has collaborated with
globally leading 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) amongst others.
Omkar’s 1000 plus-strong
professional work force is headed by Mr. Kamal Gupta (Chairman) and Mr. Babulal
Varma (Managing Director) along with six directors on the board.
For
further information, please contact:
Mr. Atul
Malikram: 9755020247

***

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