Mumbai’s leading housing firm Omkar Realtors & Developers which is set to launch one of the country’s biggest mixed-use realty hub with an estimated Rs 22,000 crore topline revenue under the brand name Omkar International District (OID), located adjacent to Andheri highway in Mumbai has notched up over 700 EOIs (Expression of Interest) from domestic and NRI markets.
Spread over 65 acres, adjoining Andheri east on the western express highway, the mixed redevelopment being undertaken by Omkar Realtors will see a record 10 million sq. ft development. Out of this 6 million sq.ft., is dedicated to residential development while balance 4 million sq.ft., will be retail and commercial development.
According to Babulal Varma, Managing Director, Omkar Realtors, “The encouraging response by end users and investors in OID project definitely signals the strongrevival of buying sentiment in Mumbai post RERA, GST and demonetization phases”.
He further stated that the current 550-plus apartments inventory on offer under the name of Sereno has a fair share of inventory under sub-Rs 1 crore bracket and holds astrong 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 other pan-India micro markets, it assures all home buyers of an aspirational lifestyle and high convenience.
Under the Sereno title, initial inventory of OID, the company will be releasing 550 plus sale units end-August 2018; the EOI (expression of interest) for which has already been put out in the pan-India and global markets through the channel partner network.
The RERA compliant inventory, consists of 1/2 BHK units with the ticket size ranging from Rs 93 lakh onwards (365 sq.ft -510 sq.ft carpet area). The project offering a record 35 plus amenities and 550 plus apartments has a range of collaborations with leading names in hospitality for a 5-star hotel and services business will also be home to Mumbai’s biggest mall spanning over one million square feet.
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.
