Omkar Buildcon planning to set up Residential cum Commercial Complex Project in Maharashtra

Omkar Buildcon, a prominent real estate developer in Nashik, Maharashtra, is constructing a new mixed-use residential and commercial complex in Nashik. On a 10-acre plot of land, the project, tentatively named Omkar Tower, will be developed. It will include a mixture of apartments, duplexes, and townhouses, in addition to commercial space. The apartments will have two or three bedrooms, while the duplexes and townhouses will have three or four. The commercial facility will house retail, office, and lodging establishments. The project costs 75 Crores. 

The duration of the undertaking is anticipated to be three years. It will be a self-contained development with all the amenities that residents will need, such as a swimming pool, gym, clubhouse, and children's play area. Omkar Tower is situated in a prime area of Nashik, near to all the necessary amenities for residents. Additionally, it has excellent access to the city's main roads and highways. The initiative is anticipated to attract both homebuyers and investors. 

It provides a rare opportunity to own a residence in a prime location with all the necessary amenities. Here are some of the key features of the Omkar Tower project: Location in a prime area of Nashik Close to all amenities Well-connected to the city's major roads and highways Mix of residential and commercial space Spacious and well-designed apartments Amenities such as swimming pool, gym, clubhouse, and children's play area The Omkar Tower project is a promising investment opportunity. It is located in a rapidly developing area and is expected to appreciate in value over time. 

The project also offers a good return on investment, with a projected rental yield of 8%. Here are some additional details about the project: The project is expected to start construction in 2024 and be completed in 2027. The total investment in the project is estimated to be 75 Crores. The project will create employment opportunities for over 1000 people. The project is expected to boost the economy of Nashik and contribute to its overall development.

As of September 2023, The project is currently in the stage of being approved currently awaiting approval from the government.

News by Rahul Yeligetti