'Omkar embark on a financial closure worth Rs 550 cr'

Mumbai based real estate group Omkar Realtors & Developers Pvt. Ltd. announced that it has achieved a financial closure worth Rs 550 crores for its projects in Malad and Worli. The closure is though secured bank loans from a private sector and two PSU banks to fund its construction activities.

Speaking on the occasion, a senior executive stated “We have been experiencing tremendous growth opportunities over the last few years and hence are building additional capacities to sustain this growth.

Omkar Realtors & Developers Pvt Ltd is currently developing a landbank worth 10million sq.ft, and plans to launch 6-7 projects within the next 6 months. According to the source the way forward will be to raise private equity to abet their aggressive expansion plans.

About Omkar Realtors & Developers Pvt Ltd
Formed in 2004, Omkar Realtors & Developers Pvt. Ltd (ORDPL) today, is a growing infrastructure development company. Backed by five decades of heritage and strong financials, the company’s expertise is showcased through an array of commercial, residential, hospitality and retail projects. With the objective of changing the skyline of Mumbai, the company is currently developing projects having an area of about 10 million sq. ft. in the Mumbai Metropolitan Region (MMR) with specific focus on the island city and the sub-urban districts. In a bid to provide quality infrastructure, aid urban development and product and design innovation is an incessant process for the professional team at work.