30+ amenities at East Andheri complex
Mumbai based Omkar Realtors & Developers, one of India’s leading brands in redevelopment, boutique and luxury housing has notched up 200 plus bookings (Non Resident Indians – NRIs) for its latest residential project Lawns & Beyond located in the prime micro market of Andheri East highway in Mumbai.
This low ticket sized 1,200-apartments boutique inventory offering is the biggest realty launch across pan-India, Post-RERA, by a branded realty player.
The RERA compliant project, “Lawns & Beyond”, consists of 1/2/3 bhk units with the ticket size ranging from Rs.83 lakh to Rs.1.57crore onwards (355 sq.ft -710 sq.ft carpet area). The project located on the Western Express Highway (WEH) of Andheri-Jogeshwari east corridor comes with a record 30 plus amenities and an inventory of 1,200 plus apartments as part of Phase 1 launch spanning 5-acre area. The overall project spread across 65 acres is planned to shape into Omkar International District (OID), a mixed development, evolving into a major landmark for Mumbai city.
According to Rahul Maroo, Senior Vice President, Omkar Realtors: “The project has opened to an overwhelming response from the investors and end users community within India and key NRI markets. From our NRI inventory allocation of 250 + units, we have already crossed 200 bookings. GCC, Hong Kong and Singapore NRI investors have shown a renewed bullish sentiment in our Mumbai developments including our highly successful Signet residential project launched in May 2017”.
Maroo added that NRIs, particularly from the Singapore market, are keenly eyeing inventory in areas with upcoming infrastructure developments such as Metro, Mono rail, new link roads connecting the East-West Corridors of Mumbai city and Andheri-Jogeshwari east highway corridor is one such key location in India’s prime realty market. Lawns & Beyond; strategically located on the Western Express Highway is within a 7-minute drive to domestic and international airports and is located across the road of the upcoming Metro rail.
Maroo further stated that NRI investors and customers today are primarily looking at four factors to invest in the Mumbai realty market; namely minimum initial investment, RERA compliance, high rental yield potential and a brand which has proven delivery track record. “Brand Omkar scores favourably on all these four counts”, he remarked.
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 has a 5000-strong customer base spanning pan India locations and key global NRI communities. In 2017, the customer and investors traction has been on the increase from NRI markets, particularly from the business and corporate communities. Currently, the brand enjoys a 800 plus customer base from international markets. fii-news.com
