Although the majority of real estate developers have stayed away from new product launches since the demonetization move in November last year, a couple of new exciting projects were announced in the months of March and May recently. Let’s tell you a bit about each one of these new launch residential projects in Mumbai and what’s exactly on offer for the real estate buyers.
Emami Group – Sheth Corp backed ‘Montana’
Emami group has partnered with the Mumbai-based real estate developer Sheth Corp to build a luxury residential project in Mumbai, in the Mulund suburb area.
The group has agreed to a Rs. 350 crore investment. The luxury project will be sold under the brand name ‘Montana,’ and will be spread over an area of 7 acres. On offer will be apartments with 5, 4, 3 and 2 bedrooms, of various sizes. Both these companies have joined hands for the third time to launch a project in Mumbai. So, it’s not for the first time that they’re venturing together into new residential projects in Mumbai.
Speaking to the press, the chairman and managing director of the Sheth Group, Mr. Ashwin Sheth said, “We are already present in Mulund with our project Vasant Oscar and Vasant Garden which is a testimony to the kind of work we deliver to our customer. With this project, our association with our proud partners Emami Group, James Law, HBA Singapore and TROP will be stronger and long-lasting.”
Although Emami will be at the helm of the funding affairs of the project, Sheth Group will be mainly involved in construction, marketing, and selling aspect of it.
The joint chairman of the Emami Group, Mr. R S Agarwal said, “We along with Sheth Corp, had planned this project in 2015, and today, we are finally launching our flagship development in Mulund christened as Montana.”
Signet by Omkar
Another important real estate project to have been announced in the recent times is the Signet by Omkar. Omkar Realtors & Developers, which is a Mumbai-based real estate company, recently hosted a bustling gathering of over 1200 channel partners from Hong Kong, Singapore, Dubai, India and the GCC region. The company is recognized as a market leader in the redevelopment projects as well as the luxury residential constructions.
The promotional event was held for the launch of their new product – Signet by Omkar – to be developed in the Malad East region on Western Express Highway of Mumbai. The project will offer compact 1 BHK and 2 BHK apartments in Mumbai to buyers.
The primary aim of this gathering was to put this project in front of reputed channel partners, to evoke solid interest among their customer base, and in an effort to bring them on board with the Omkar family.
Talking to the press, the Director of Omkar Realtors & Developers Pvt. Ltd., Devang Verma said, “With almost 700 units on offer in this project, channel partners have a very good opportunity to make good business for themselves and Omkar Realtors. Omkar Realtors is already known for quality construction and timely delivery, which will surely benefit the channel partners to take Omkar’s new product to their customer base towards investing in this project.”
The project has already been well accepted by the channel partners, including some of the prominent NRIs based in the Asia-Pacific and GCC regions.
So anyone looking to buy property, especially the new projects in Mumbai, should definitely take a good look at recent project launches in Mumbai. They just might prove to be the exact investment you want to make! Both the products are backed by solid entities and can be expected to be delivered on time with the highest quality standards.