Omkar – Piramal may JV to develop Mahim property

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By Accommodation Times Bureau

MUMBAI:

Omkar Realtors and Piramal Realty may extend its partnership to a new project in Mahim. In January 2019, in a joint venture inaugurated World Class Experience Centre At PiramalMahalaxmi.  Where Piramal lead the design, development, construction, sales & marketing for PiramalMahalaxmi.

According to PTI, for jointly developing 5-acre prime sea-facing property in Mahim both the company are in advanced stage of discussions.

Omkar had entered into several joint ventures including L&T Realty and Godrej Properties for Parel and Bandra area property.

It further added that the new project is being undertaken under the rehabilitation scheme.

However, it is said that Piramal will handle commercial component and whereas Omkar Realty will develop a rehabilitation component.





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