Omkar realtors focusing on redevelopment projects in Mumbai
Omkar Realtors has taken the slum redevelopment projects as their major business model.
In 2003, the Omkar Realtors entered the redevelopment projects for the Mumbai slums.
As of date the builder has already redeveloped 2.5 million sq ft of slums and targeting to reconstruct more than 20 million sq ft of slums by 2016.
Redevelopment of slums are an exciting business model in Mumbai real estate.
If any builder is able to convince 70% of the residents, he will be able to construct free house for the group and the remaining apartments he can sell to others at market price.
Omkar builder is able to handle the situations successfully because of their unique slum clearance model.
More related stories:
New transfer of development rights to rehabilitate slums in Mumbai
Slum development fancies Mumbai developers
Source: Money Control
Apartments in Mumbai, business model, Mumbai real estate, Mumbai slums, Omkar Realtors, Real estate in Mumbai, Redevelopment of slums, relaty projects in Mumbai, slum clearance model, slum redevelopment projects
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