Oberoi Realty launches twin developments at Mulund
Launching Eternia & Enigma in Mulund
Oberoi Realty has launched twin developments; Eternia and Enigma at Mulund area of the city. Oberoi Realty has so far developed over 36 projects at most strategic locations in all over the Mumbai on an area of about 6.5 million sqft of space and apart from that 24 million sqft projects are under development stage. The company is positive for the sales booking of the flats as this is the first project in the central suburbs for them.
About Oberoi Realty:
Oberoi Realty is one of best real estate developer, which is based in Mumbai, Maharashtra. Till now it has completed 32 projects covering approximately 4.979 million square feet of saleable area spread across the city of Mumbai. The main interest of Oberoi Realty is to develop the Residential, Hospitality, Office Space, Retail, and Social Infrastructure properties in Mumbai.
Eternia Project description:
The newly Eternia is spread on an area of 9 acres, where development will offer compact 3 BHK, premium 3 BHK and 4 BHK apartments will be available in different size. Enigma will have around 1,100 apartment units.
Enigma Project description:
Enigma is spread on an area of 9 acres with luxury 3 BHK and luxury 4 BHK apartments configuration. In Enigma project 600 apartment units will be available.
Financial position of Oberoi Realty:
As per reports, Oberoi Realty is set to raise Rs 650 crore for the development of Oasis Tower project in Worli. Report stated that the fund raising process is now at advanced stages of completion.
Accoridng to Vikas Oberoi, CMD, Oberoi Realty, “These two projects will offer the affordable housing options which are about 880 square feet and will cost less than Rs. 2 crore. Both these projects are on land parcels which are about 9 acres with two buildings each. So, on one project we have got two 3 BHK apartments and in the other one we have got 3 BHK and 4 BHK”. While commenting on new projects he added that, “In new upcoming projects company is planning to launch affordable housing, which will collectively come on 3.3 million square feet. So, it is like launching 10 buildings of reasonably big size projects for any other developer. In the same way our Borivali is a 25 acre land parcel which we will be launching altogether anywhere between March and June”.
