Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Omkar Realtors opens first overseas office in Dubai  Join our daily free Newsletter

MENAFN - Khaleej Times - 25/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Indias omkar realtors & developers has officially launched its first overseas office in dubai and the companys top official indicated it was open to joint-venture possibilities to build projects in the emirate.

omkar realtors officials bharat dhuppar chief marketing officer; devang varma director; umesh jaandiyal; john guest head of epc; and sumanth kumar pr advisor during the press conference in dubai late on monday. — supplied photo

initially the mumbai-based luxury realty brand will market its five projects in the uae and later on in other gulf countries as the company already has an existing customer base globally including the gcc markets and that the dubai overseas office would further serve as the gateway to non-resident-indian property buyers spread across the middle east.

“we are open for the [joint venture] here [in dubai]. if someone has a piece of land and want us to construct design and market we are open to that. but not now may be in the next two years” omkar realtors head of sales for gcc markets umesh jaandiyal told khaleej times at the launch of the dubai office late on monday. “our focus is only mumbai and we have done about 12 projects. here in dubai we are showcasing four residential projects and one commercial project.”

in the next six to eight months the company will see about another three or four projects being launched he said adding: “we will look at two to three projects every quarter.”

talking about the property market in mumbai he hoped prices would go further up by at least 15 per cent by the end of 2014. he mentioned that omkar projects witnessed the highest return on investments.

“within short spans every project by omkar has appreciated tremendously. while omkar alta monte malad is currently being offered at rs13250 per sqft the flagship omkar 1973 worli is priced at approximately rs40000 per sqft reflecting around 26 per cent year-on-year returns over a three-year span.

he said the nri community has been constantly looking out for attractive propositions in the premium property market back in india especially in mumbai.

the decade-young omkar brand currently enjoys the market leadership in mumbai’s redevelopment space and has successfully designed projects aimed at luxury gated communities. this includes its most anticipated ultra-luxury residential development omkar 1973 worli and the largest gated community in mumbai’s suburbs omkar alta monte. the company’s dubai team based out of the emirate will be initially offering four of its prime luxury residential projects for the gcc audience. the four projects include omkar 1973 worli (worli) omkar alta monte (malad east) veda exclusive (parel) and ananta (goregaon east).

the company which holds a strong land bank inventory in mumbai is also one of the largest developers of the city’s luxury housing that also includes a joint venture with construction giant larsen & toubro. the company which has developed and delivered more than four million sqft of area in mumbai is currently engaged in developing an over 20 million sqft area spanning residential and commercial segments across the city’s prime locations. the company’s future development pipeline includes an additional 20 million sqft of space which is expected to be rolled out soon.

globally-leading names in architectural designing and luxury amenities backed by some of the best talent pool drawn from international and domestic space have been engaged by the brand.

it has also engaged leading international architecture and design firms foster partners from the uk and us-based callison for its premium residential projects. this marks the entry of foster partners in mumbai’s luxury residential space.

— abdulbasitkhaleejtimes.com


 


Khaleej Times




  MENA News Headlines
 Jan 28 2015 - Gulf states to rethink monetary policyMENAFN
(MENAFN) Gulf Arab oil states may need to rethink longstanding economic policies, including their fixed exchange rates, over the next five to 10 years as economic cycles in the region and the US ...

 Jan 28 2015 - DIB picks arrangers for potential Tier 1 sukukKhaleej Times
(MENAFN - Khaleej Times) Dubai - Dubai Islamic Bank, or DIB, said on Tuesday that it picked eight banks to arrange roadshows from January 8 for a potential benchmark size dollar-denominated sukuk ...

 Jan 28 2015 - What next for Londonium and Barclays?Khaleej Times
(MENAFN - Khaleej Times) I have tried to visit Britain on the eve of every general election since the end of the Thatcher era (by Tory regicide, not the ballot box) in November 1990 in search of ...

 Jan 28 2015 - Emirates NBD - holding the banking fortKhaleej Times
(MENAFN - Khaleej Times) The banking industry looks set to sustain positive trends this year due to strong macroeconomic economic indicators, sufficient liquidity and low interest rates in the ...

 Jan 28 2015 - China pumps cash into banks in a bid to accelerate growthKhaleej Times
(MENAFN - Khaleej Times) Beijing - China's central bank has bolstered support for the cooling Chinese economy by injecting another 50 billion yuan ($8.1 billion) worth of short-term loans into banks ...

 Jan 28 2015 - Union National Bank posts 16% jump in annual earningsKhaleej Times
(MENAFN - Khaleej Times) People walking past a Union National Bank branch in Dubai. The total assets of the UNB Group increased by seven per cent in 2014 to Dh93.5 billion as at December 31, 2014. - ...

 Jan 28 2015 - Gulf Arab countries may need to rethink policy: Qatari bankerKhaleej Times
(MENAFN - Khaleej Times) Dubai - Gulf Arab oil states may need to rethink longstanding economic policies, including their fixed exchange rates, over the next five to 10 years as economic cycles in ...

 Jan 28 2015 - GCC retail sector on growth pathKhaleej Times
(MENAFN - Khaleej Times) Dubai - GCC retail sales are expected to grow at a 7.3 per cent compound annual growth rate (CAGR) between 2013 and 2018 to reach $284.5 billion, according to Alpen ...

 Jan 28 2015 - Dubai International airport crowned as world's busiestKhaleej Times
(MENAFN - Khaleej Times) The airport's passenger numbers boosted by 6.1 per cent to 70.5 million in 2014 and pushed the Heathrow down to the second position as London's top airport handled 68.1 ...

 Jan 28 2015 - Sharjah's Dh17.7b budget to ensure economic upliftKhaleej Times
(MENAFN - Khaleej Times) Sharjah - His Highness Dr Shaikh Sultan bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, on Tuesday approved the 2015 general budget of the emirate ...

more...


 






Google

Electronic & Mobile Payment

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help