Upswing in SMEs and trading community from Rajasthan investing in Mumbai market

Omkar Realtors’ to launch biggest residential project in post-RERA era in Mumbai’s prime micro market
Jaipur: With government focusing on improving the infrastructure across key cities and with the rise in demand in RERA approved realty projects, developers are witnessing a sharp rise in real estate deals. Investors from across India, especially from Rajasthan, are now eyeing to grab properties in Mumbai where developers are experiencing a rise in enquiries followed by subsequent deals in their upcoming projects.
Mumbai based Omkar Realtors & Developers, one of the country’s leading brands in redevelopment, boutique and luxury housing, is launching a 1200-plus apartments residential project in end-November 2017. This low ticket sized boutique inventory offering will be the biggest realty launch across pan-India market post-RERA.
Omkar already has a 4,000-strong customer base including pan India locations and global NRI communities. The customer and investors traction has been on the increase from Rajasthan region markets particularly from shekhawati and jodhpuri region spanning Marwari and Rajput communities.
The RERA compliant project, currently codenamed “Passcode Andheri Highway”, consists of 1/2/3 bhk units with the ticket size ranging from Rs. 87 lakh to Rs 1.6 crore onwards (355 sq.ft -710 sq.ft carpet area). The project located on the western express highway of Andheri-Jogeshwari east corridor comes with a record 30 plus amenities and an inventory of 1200 plus apartments as part of Phase 1 launch.
According to Mr Rahul Maroo, Senior Vice President, Omkar Realtors : “The project with a fair share of inventory under sub-Rs. 1 crore bracket holds strong attraction for pan-India customers and investors looking at buying in country’s primary realty market. Not only does this ticket sizing compare well with key northern markets; it holds attractive ROI proposition at the current pricing level.”
Mr. Maroo added that the buyers are eyeing inventory in areas with upcoming infrastructure developments such as Metro, Mono rail, new link roads connecting the East -West Corridors etc., and Andheri-Jogeshwari is one such key location in Mumbai.
The project strategically located on the Western Express Highway enjoying easy access to domestic and international airports comes with flexible payment plans and minimal down payment options.
The key target customer groups in this micro market spans SME’s, trading community, corporate professionals, media & entertainment industry. The location is one of the most sought after by Mumbai’s film and television fraternity including artistes and production houses.