Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Omkar Realtors sets up office in Dubai  Join our daily free Newsletter

MENAFN - Muscat Daily - 02/07/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Muscat Daily) Mumbai-based luxury realty brand Omkar Realtors & Developers Pvt Ltd has announced the launch of its Dubai office, in Aspin Tower on Sheikh Zayed Road.


According to the company's managing director Babulal Varma, Omkar Realtors has an existing global customer base,which includes the GCC markets, and the Dubai overseas office would further serve as the gateway to NRI property buyers spread across the Middle East.


The NRI community has been constantly looking out for attractive propositions in premium property markets back in India; especially Mumbai, he added.


The decade-old 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 Dubai, 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 luxury housing in the city, which also includes a joint venture with construction giant Larsen & Toubro.


The company, which has developed and delivered more than 4mn sq ft area in Mumbai, is currently engaged in developing over 20mn sq ft area, spanning residential and commercial segments across the city's prime locations. The company's future development pipeline includes an additional 20mn sq ft space which is expected to be rolled out soon.


The brand, amongst its customer base, has attracted wellheeled business personalities and head honchos from leading corporate brands driving the buying interest of the globe-trotting HNI crowd within Indian markets. Within a short span, every project by Omkar has been appreciated tremendously. While Omkar Alta Monte, Malad is currently being offered at R13,250 (RO84.8) per sq ft (psf), the flagship Omkar 1973 Worli is priced at nearly R40,000 psf, reflecting a nearly 26 per cent year-on-year return over a three-year span.


Global names in architectural designing and luxury amenities backed by some of the best talent pool drawn from the international and domestic space have been engaged by the brand. The expat team working on its key luxury projects in Mumbai includes expertise associated with the iconic Dubai Festival Centre.


While the company has attracted investments from leading private-equity funds and financial institutions, its average year-onyear profit yield for investors across projects has far outperformed the prime market average. It has also engaged leading international architecture and design firms Foster Partners from UK and US-based Callison for its premium residential projects.



 


Muscat Daily




  MENA News Headlines
 Oct 24 2014 - Qatar- Aljazeera to mark 300 days since arrests of journalistsThe Peninsula
(MENAFN - The Peninsula)   Aljazeera will be airing a special 300 second montage live on TV and online today to mark the 300 days since the arrest of its journalists Baher Mohamed, Mohamed Fahmy and ...

 Oct 24 2014 - Qatari, Iranian firms sign agreementThe Peninsula
(MENAFN - The Peninsula)  Qatar's Minister of Economy and Trade H E Sheikh Ahmed bin Jassim bin Mohammed Al Thani yesterday visited the Islamic Republic of Iran, accompanied by a delegation that ...

 Oct 24 2014 - Ecuador invites Qatari investors in key sectorsThe Peninsula
(MENAFN - The Peninsula)  The visiting President of the Republic of Ecuador, Rafael Correa Delgado, invited Qatari businessmen to invest in some of the promising sectors of the Ecuadorean economy, ...

 Oct 24 2014 - Qatar- Interior Ministry signs deal worth QR329m at MilipolThe Peninsula
(MENAFN - The Peninsula)  The total number of people who visited the recently concluded Milipol Qatar exhibition reached 6,583 persons from 63 countries, according to a press statement.Brig Nasser ...

 Oct 24 2014 - Saudi- Rem Sibug leads winners in InterCon Monthly MedalArab News
(MENAFN - Arab News) Talented Filipino young golfer Christer Rem Sibug was back in winning mode after a vacation in his native Philippines when he claimed the centerpiece A-Division title last Friday ...

 Oct 24 2014 - Saudi- Lifebuoy bowlers strike double in Mobily CupArab News
(MENAFN - Arab News) Lifebuoy bowling team made an impressive start to the Thursday League 12th Conference for Mobily Cup winning a Team of the Week and Bowler of the Week double at the Bowling City ...

 Oct 24 2014 - Saudi- Alaska Aces trump Purefoods 93-73Arab News
(MENAFN - Arab News) MANILA: Everything was going well for debuting reigning Grand Slam champion Purefoods on Wednesday night until the Star Hotshots known last season as the San Mig Coffee Mixers ...

 Oct 24 2014 - Malaysia charges 3 with supporting ISArab News
(MENAFN - Arab News) KUALA LUMPUR: A Malaysian court on Thursday charged three men with supporting the Islamic State (IS) after they were arrested while attempting to leave the country to join the ...

 Oct 24 2014 - Corruption 'paralyzes' Ukraine: PoroshenkoArab News
(MENAFN - Arab News) ODESSA Ukraine: Corruption is 'paralysing' Ukraine's economy President Petro Poroshenko said Thursday on a pre-election visit to the country's most important sea port.Poroshenko ...

 Oct 24 2014 - New Swedish govt steps up spendingArab News
(MENAFN - Arab News) STOCKHOLM: Sweden's new left-wing government presented Thursday its 2015 budget with the Nordic country's largest deficit in nearly two decades as it seeks to boost employment ...

more...


 






Google

Click to Apply

 
 

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help