Omkar launches Luxury Project in Mumbai
All of the 400-plus “sky bungalows” as
these apartments have been labelled, are sea facing and range from 2,500
sq ft to 18,200 sq ft
Mumbai-based Omkar Realtors and Developers have recently launched a
luxury project called Omkar 1973, at Worli in central Mumbai. The
project, spread over 4.5 acres, comprises three towers with a height of
over 800 meters. This is the company's flagship development and is named
from the latitude and longitudinal coordinates of Mumbai.
The location is well connected from Annie Besant Road and Bandra Worli Sea Link with close proximity to Bandra Kurla Complex on one side and Nariman Point on the other.
“Our vision is to provide privacy, personalisation and perfect space. The pre-launch reception to the project from industry experts and target patrons has been exceptional, with the current inventory of one of the towers already being sold out,” said the company’s managing director, Babulal Varma.
All of the 400-plus “sky bungalows” as these apartments have been labelled, are sea facing and range from 2,500 sq ft to 18,200 sq ft. Prices start from Rs 15 crore and go up to Rs 100 crore. The first habitable unit will be built at a height of 70 metres. Towers A, B and C will go up to 76 storeys, 75 storeys and 60 storeys, respectively.
The complex has been designed by world renowned architecture designers Fosters + Partners along with UK-based HBA who will do the interiors. Another UK-based company, Buro Happold, will take care of structural design while construction will be done by Larsen & Toubro.
The LEED-certified project will further offer unique amenities such as a sky spa, an aqua gym, sky lounge and bar, elevated jogging tracks, car wash facilities, dog park and crèche. There will also be a squash court, a covered badminton and tennis court, banquet halls and two infinity pools among others. The amenities will be spread over a 2.5 lakh sq ft, said Varma.
The development has attracted an initial private equity funding of Rs 200 crore from PE fund Indiareit (Ajay Piramal Group) and a Rs 1200-crore debt funding from Yes Bank, said the statement.
by Jharna Mazumdar for Financial Chronicle
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