Tag Archives: Ultra luxury housing project

Omkar 1973 gets A+ in Track2Realty Investment Magnet Report 2015

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Omkar 1973 Worli, Mumbai real estate market, Sea facing apartment, Ultra luxury housing project, India real estate news, Indian realty news, India property market, Track2Media Research, Track2RealtyLocation: Worli, Mumbai

Project type: 3, 4, & 5 BHK Bespoke Sky Bungalows

Price: Rs. 15 Crore-45 Crore

Project execution lifecycle: July 2013-December 2017

If a residential project can inspire the luxury developers from across the country to visit the show apartment to draw inspiration and get learning, then that project must be having something extraordinary.

Omkar 1973 is definitely one of the top pick of investors not only in Mumbai market but also across the country. Everything about the project is unique, right from the name 1973 (that is the longitude & latitude coordinates of the place) to the location that offers an envious view of the city and the Arabian Sea, and state-of-the-art amenities to lavish luxuries.

With a height of over 300 mtrs and an area of about 5,000,000 sq ft, the 76-storied 1973 is one of the tallest buildings of India. Omkar 1973 marks the first entry of world-renowned architects Foster+Partners into the residential space in India.

The Worli towers will have the interiors designed by the U.S.A based design firm HBA. Construction is being done by L&T, structure consultant is Buro Happold, UK, landscape done by LDA Design, UK, Lighting by DHA, UK and Spa by ESPA, UK.

The project is spread across 4.5 acres of land with 3 towers and 2.25 lakh sq feet of recreation and other amenities area. The developer is offering to develop bespoke interiors inside the apartments. But what really showcases the confidence level of developer with the project is their recent 20:80 offer with guaranteed timely possession.

Track2Realty Rating: A+

  • Location & Aspiration: 10/10
  • Physical Infrastructure: 9/10
  • Social Infrastructure: 8/10
  • Appreciation Potential: 7/10
  • Competitive Advantage: 8/10
  • Rental Potential:5/10
  • Launch2Sales Ratio: 7/10
  • Construction Quality/Timelines: 8/10
  • Livability Index: 10/10
  • ROI Cycle: 7/10

Omkar launches ‘Tower A’ at its flagship Worli project

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Omkar 1973 Worli, Mumbai real estate market, Sea facing apartment, Ultra luxury housing project, India real estate news, Indian realty news, India property market, Track2Media Research, Track2RealtyOmkar Realtors and Developers has launched one of its towers (Tower A) in its flagship ultra-luxurious residential development Omkar 1973 Worli. Tower A offers limited edition done-up boutique sky apartments priced at Rs 15 crore plus within the size range of 3000 – 4500 sq. ft.

According to Devang Varma, Director, Omkar Realtors & Developers, “The current customized inventory contains about 70 bespoke done-up sky apartments targeting the upper crust faction of the corporate and business community. In the 3-tower marquee project, with Tower B offering bare shell apartments are completely sold and Tower C fast selling out. We have a strong underlying demand for units in the price range of Rs 20 crore which will be ready to move done-up units.”

Omkar 1973 Worli, encompassing three towers, on completion will scale beyond a combined height of 800 meters. The company’s flagship project of INR 10,000 crore currently has a virtual ‘Who’s Who’ customer base including leading personalities from the arena of banking, sports, legal, finance and other businesses.

Spread over 9 acres, the project derives its unique name from the latitude and longitudinal coordinates of Mumbai city and is designed by world’s most admired architecture design firm Foster + Partners. The 400-plus sky bungalows ranging from 3000 sq.ft to 18,000 sq.ft floor plate and priced between Rs 15 crore – Rs 100 crore offers a stunning view of the city and the Arabian Sea.

‘Omkar 1973′ also marks the debut of leading global architecture designers and luxury service providers in the Indian residential realty space. The design team of the project is led by world renowned architecture designer Foster + Partners along with HBA (UK/interiors), Buro Happold (UK/structural designer), Larsen & Toubro (India/construction), DHA (UK) – renowned lighting designer and LDA (UK) – leading landscape artists while amenities provider includes ESPA (UK) – creator of world’s leading spas’ and Barkley (USA) – premier pet care facility.

With construction in full swing, the planned delivery schedule of these three towers is beginning mid-2017. Adding to the premium quotient of the location is the direct access from Annie Besant Road and Bandra Worli Sea Link with close proximity to BKC on one side and Nariman Point on the other.

The design perspective of the sky bungalows has focused on creating and amalgamating the luxury of spacious rooms, lavish balconies, high ceilings and exclusivity quotient with the sea view and personalized amenities; a perfect juxtaposition of old world charm with modern age amenities

In the latest round of funding and financial closure, last month, the development attracted a record investment of Rs 1200cr from Piramal Fund Management.  The development clocked record sales of Rs 2200 crore during fiscal 2014-15.

Source: Track2Realty