Forum Projects Signs Joint Venture Deal in BKC with Omkar Realtors

Forum Projects Signs Joint Venture Deal in BKC with Omkar Realtors

Omkar Realtors and Forum Projects Join Forces for Luxury Development in BKC. Real estate developers Omkar Realtors and Forum Projects are set to collaborate on a high-end residential project in Mumbai’s prestigious Bandra-Kurla Complex (BKC) area. Kolkata based Forum Projects Signs Joint Venture Deal in BKC with Omkar Realtors

Project Highlights:

• Size: 2 lakh sq ft (super luxury)
• Location: Behind Asian Heart Institute, BKC
• Partnership: 50:50 revenue and built-up space sharing
• Project Responsibilities:
  • Omkar Realtors:
    • Land acquisition
    • Slum rehabilitation approvals (including resident consent)
  • Forum Projects:
    • Construction
    • Marketing & Sales

Significance for Forum Projects:

• This project marks Forum Projects’ entry into Mumbai’s prime real estate market.
• It comes at a time when other large developers from outside Mumbai are exiting the market.

Project Details:

• The project involves slum rehabilitation of approximately 1 lakh sq ft.
• The saleable area will be 2 lakh sq ft and co-branded by both developers.
• Most approvals, including slum resident consent, have already been secured by Omkar.
• Launch is expected within the next four months.
• Forum Projects will reportedly make a significant upfront non-refundable deposit to participate in the venture.

Overall Significance:

This collaboration signifies a strategic move for both companies. Omkar leverages their experience with slum rehabilitation to unlock the project’s potential, while Forum brings their expertise in high-end residential development. The project is expected to be a significant addition to BKC’s luxury residential landscape.

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in