By Varun Singh

Omkar Realtors on March 28, 2021 registered the sale of a total nine flats worth Rs 131 crore.

All the flats were sold to a single buyer and that too on the same day.

All these flats are located in the A and B wings of Omkar 1973 located in Worli.

The combined value of the nine flats sold by Omkar Realtors stands at Rs 130.99 crore.

The buyer of all the flats is Mirandum Realtors Ltd, another real estate related company.

A source close to the deal said, “The documentation in regards to the deals were carried out on December 30, 2020 when the stamp duty was 2%.”

The total area of the nine flats measure 2,968.43 square meters, which translates into 31,952 square feet.

Along with the flats, the buyer company will also have access to 25 car parks in the building.

Details Of The Nine Flats

Omkar Realtors refused to comment on the deal. The company has been in news off late for various reasons.

The chairman and the managing director of the company are arrested and a chargesheet already has been filed by the Enforcement Directorate.

Earlier another deal related to the same project had made news when, a top firm had sold for Rs 6.14 crore that it had bought for Rs 9.6 crore only nine months ago.

Also Read: Top Firm Sells Worli Flat For Rs 6.14 Cr That It Bought For Rs 9.6 Cr Only 9 Months Ago

The post Omkar Sells 9 Flats Worth ₹131 Crore To A Buyer appeared first on Square Feat India.

By Varun Singh

Omkar Group one of the leading developers in the city of Mumbai on Monday had the Enforcement Directorate (ED) at it doors.

The builder which carries out some of the big Slum Redevelopment Project issued a statement that called the ED visit as routine enquiry.

The statement read, “The routine enquiry carried out by ED at Omkar group today is a matter related to writ petitions filed by Surana Developers and litigation by Pradeep Kadam against Omkar regarding clubbing/de-clubbing of SRA scheme no IV Anand Nagar SRA CHS situated at F/North ward, with already approved clubbed scheme No 1.II.III.IV as per rules, regulations and policy of SRA.”

The developer further said, “In the said matter, the Bombay High Court (order dated 30/07/2020) refusing any relief to petitioner Surana asked them to withdraw the same and later (vide order dated 28/08/2020) also asked the litigant Kadam, a non eligible slum dweller in Anand Nagar SRA, acting on behest of Surana to approach the statutory body governing all SRA schemes, AGRC (Apex Grievance Redressal Committee).

The builder further claimed that AGRC body has already adjudicated (vide order dated 27/11/2020) allegations made by Pradeep Kadam are false and baseless and done with malafide intention.

According to the statement issued by the developer, “The order states that the appeal filed by appellant is devoid of any substance and merits and reliefs prayed in the present appeal are rejected.

The builder has also claimed that the allegations and issues raised by both petitioners were found to be baseless as Omkar has acted as per legal rules and regulations.

Omkar Group further stated that all matters pertaining to scheme, for clubbing/de-clubbing purpose, are carried out as per legal norms laid out by the state government.

Omkar also spoke on the Rs 450 crore loan from Yes Bank.

The developer has claimed that the bank loan is availed under banking guidelines as project loan against sale collateralsand utilised for the stated purpose only. We will like to emphatically state that there are no diversions of any project fund availed by us in any project of the company.

Finally the developer said, “We will also like to put on record that there is no injunction or any prohibitory order of Competent Court in this matter which in any manner affects the on-going development work related to the scheme and our SRA projects.”

Also Read: Sanjay Dutt Gifts 4 Bandra Flats Worth Rs 26 Cr To

The post Omkar Speaks On ED Visit Calls It Routine Enquiry appeared first on Square Feat India.