Omkar Realtors Signs 16 acre Joint Venture Deal in Powai, Mumbai with Shapoorji Pallonji

Omkar Realtors Signs 16 acre Joint Venture Deal in Powai, Mumbai with Shapoorji Pallonji

Omkar Realtors and Shapoorji Pallonji Join Forces for Massive Powai Development.  Real estate giants Omkar Realtors and Shapoorji Pallonji Real Estate have announced a joint venture to develop a sprawling 16-acre land parcel in Powai, a Mumbai suburb. Omkar Realtors Signs 16 acre Joint Venture Deal in Powai, Mumbai with Shapoorji Pallonji

Project Highlights:

• Size: 16 acres
• Development Potential: 2.2 million sq ft
• Estimated Revenue: Rs 3,500 crore
• Profit Sharing: Equal between Omkar Realtors and Shapoorji Pallonji Real Estate
• Timeline: Launch within the next 6 months

Project Responsibilities:

• Shapoorji Pallonji Real Estate: Construction, finance, sales, and marketing
• Omkar Realtors: Obtaining consents, approvals, and procuring the land parcel

Additional Details:

• The project involves the rehabilitation of over 2,000 slum dwellers.
• The prime land parcel is located near a hill in Powai and stretches towards R City Mall in Ghatkopar.
• The project is currently in the design and planning stage, with slum rehabilitation efforts underway.

Significance:

This collaboration signifies a significant development in Mumbai’s real estate landscape. The project’s scale and the combined expertise of both companies position it as a major undertaking that will transform the Powai area.

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