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Omkar's Delhi outreach

Omkar has a 4,500-strong customer base spanning pan India locations and global NRI communities. The customer and investors traction has been on the increase from Delhi markets particularly from the business and corporate communities. Currently, the brand enjoys a 150 plus customer base from Delhi market for its boutique and luxury inventory.

While Mumbai's corporate sector has been drawing mid-level and senior level talent from country's capital; Delhi's HNI investors base, corporate professionals, and trading communities has historically found a connect with Mumbai's trade and finance markets. These factions have been key investors across all ticket sized realty projects in Mumbai. For Omkar, the investment sentiment from the Delhi region and those of its communities present in Mumbai has significantly dominated brands overall product portfolio accounting for an overall volume of Rs. 2000 crore plus inventory in the last 5 years.

The rapidly growing investment sentiment for this market includes a healthy mix of end users and investors. According to Mr. Maroo, the marked investment interest level from the Delhi region is indicative of high trust quotient and transparency factor prevalent amongst customers for leading branded players in Mumbai's residential market. "Omkar's reach out focus directly and indirectly with this region has grown steadily over the years and we are committed to engaging customers emerging from this region in terms of empowering them with in-depth product experience, advance product awareness, flexible payment solutions and dedicated CRM," he added.

About Omkar Realtors & Developers Pvt. Ltd.

Mumbai-based Omkar Realtors & Developers Private Limited (ORDPL), commenced its operations in 2003. The company is promoted by second generation entrepreneurs backed by five decades of business heritage and strong financials. The company's expertise is showcased through an array of residential and commercial projects with an estimated land-bank inventory of over 40 million sq. ft., spread across most premium locations in Mumbai. Over the last couple of years, the brand has been consistently amongst the top 3 selling realty brands in India's premier realty market with its market leadership in Redevelopment, Luxury and Boutique offerings in the residential and commercial space.

Today, Brand Omkar has successfully designed projects aimed at luxury gated communities. This includes its most anticipated ultra-luxury residential development Omkar 1973 Worli and the largest and tallest luxury gated community in Mumbai's suburbs, Omkar Alta Monte. Other key projects include Omkar Meridia and VIVE (Near BKC), Vayu (Mahim), Veda (Parel) and Ananta (Goregaon East), Crescent Bay (Parel) - JV with L&T Realty, Dhobighat (Mahalaxmi) Majaswadi (Jogeshwari East) and Signet by Omkar (Malad East).

It has already delivered 15 projects in Mumbai and is currently developing another 6 projects with a major emphasis on boutique luxury & lifestyle housing space. The company plans to complete the development of 20 million sq. ft., area by 2018 in Mumbai with an additional pipeline of 40 million sq. ft. to follow. Omkar enjoys the market leadership in Mumbai's re-development space having rehabilitated more than 60,000 slum dwellers in Mumbai's under the Maharashtra government's Slum Rehabilitation Authority (SRA) housing scheme. The company plans to house another 12,000 slum families across the company's newer sites in the next 2-3 years which are in different stages of development.

In 2017, the brand achieved a record sales of 1200 plus units with two of its boutique luxury residential projects "Signet" at Malad East and Lawns & Beyond, located adjacent to Andheri East highway. The company has collaborated with globally leading design firms including Foster + Partners (architecture/UK), Buro Happold (structural engineering/UK), HBA (Interiors/UK), LDA (Landscape/UK), DHA (lighting/UK), ESPA (Spa/UK), Barkley (Pet services/USA), Deeproots Design Landscape (Singapore), KPM Engineering (Services & Structural engineering/UAE), GOCO Hospitality (Thailand), L&T (Construction/India) amongst others.

Omkar's 1000 plus-strong professional workforce is headed by an eight-member board of directors with six of them being promoter directors.

Image: Mr. Rahul Maroo, Senior Vice President and Mr. Suresh Rathod, DGM, Corporate Communications, Omkar Realtors & Developers Pvt. Ltd. announcing the launch of Omkar International District, located near Andheri Western Express Highway, Mumbai at a press conference in New-Delhi

Source: Omkar Realtors & Developers Pvt. Ltd.

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