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Mumbai-based real estate developers, Omkar Realtors and Developers, is set to launch Omkar International District (OID), located near Andheri highway in the city. With this, the developer has opened up the inventory to Delhi investors also.
“The project, with a fair share of inventory under the sub ₹ 1-crore bracket, holds a strong attraction for pan-India customers and investors looking at buying in the country’s primary realty market. Not only does this ticket size compare well with the Delhi and Gurugram markets, it holds an attractive Return On Investment (ROI) proposition at the current pricing level,” said Rahul Maroo, Senior Vice-President, Omkar Realtors.
He added that buyers and investors out of Delhi are eyeing inventory in areas with upcoming infrastructure developments such as a metro and monorail. Under the OID project, the company will release a 600-plus sales inventory by end-August 2018. The inventory consists of 1 and 2 BHK units, with a ticket size starting at ₹ 93 lakh.
The project is a mixed-use realty hub and township. Residential developments would come up on six million sq. ft, and the remaining four million sq ft would support retail and commercial development.
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