Omkar to launch mixed-use realty hub with estimated Rs 22,000 Cr topline revenue

By Accommodation Times News Service


Omkar Realtors & Developers 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 near 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 the builder will see a record 10 million sq.ft. development. Out of this 6 million sq.ft., is dedicated to residential development accounting for 9,000 boutique and luxury houses to be delivered in phases over the next 5-6 years, while balance 4 million sq.ft., will be retail and commercial development.

“The encouraging response by end users and investors in OID project definitely signals the strong revival of buying sentiment in Mumbai post RERA, GST and demonetization phases”, Babulal Varma, Managing Director, Omkar Realtors said.

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