Track2Realty: Prabhat Ranjan, co-founder of Brick Eagle, a financial services platform for the affordable housing industry, has forayed into real estate development, incorporating a new venture Olympeo Infrastructure. The company has launched its first project Olympeo Riverside, an integrated township spread across 25 acres on the banks of Ulhas River, in the Neral-Karjat belt, an extended Mumbai suburb.
Olympeo Riverside is expected to generate revenues of over Rs. 300 crores.
Commenting on the launch, Prabhat Ranjan, CMD, Olympeo Infrastructure said, “Everyone deserves a lifestyle that celebrates everyday living. A lifestyle that ensures well-being of family, that truly makes one come alive and live an active life. But only a select few can actually afford it. With this township, we intend to provide an active lifestyle that suits everyone’s pocket at an upcoming location of Neral-Karjat, accessible to every income bracket. Olympeo Riverside is our new year gift that suits every pocket, apart from incorporating the best of modern amenities and infrastructure for a healthy and eco-friendly lifestyle.”
Rajesh Krishnan, MD & CEO of Brick Eagle Capital Advisory said, “We are happy to foray into real estate, and promise to provide premium housing with the best and state of the art amenities. The upcoming project will incorporate uncompromising quality, architectural excellence and intelligent designs.”
Olympeo Riverside claims to ensure the dream of owning premium quality homes without burning a hole in the pockets. It not only offers spacious apartments with comforts of a modern lifestyle, but also guarantees well landscaped amenities including, but not limited to, a sports arena for multiple activities spread across five acres, Primary School, Shopping Plaza, a huge Club house and green spaces. Architect Hafeez Contractor has master-planned and designed the entire project with a primary motto “to create a community full of outdoor activity enhancing social interaction”.
The project offers range of 1 BHK and 2 BHK apartments starting from Rs. 13 lakh onwards integrated with technology and civic amenities like water treatment plant, rain water harvesting, sewerage treatment plant, garbage recycling and alternative source of energy like solar power ensuring green and eco-friendly technology coupled with modern urban design.
Spread across 25 acres in the prime upcoming node of Neral-Karjat belt, the project will house 1500+ units. With its close proximity to Shelu railway station and 4 lanes Badlapur Khopoli highway, the project further enhances the connectivity not only to the suburban local network of Mumbai but also to the near Industrial areas of Badlapur-Ambernath. The Neral-Karjat belt is being widely recognized as the upcoming development node and a natural extension of both Kalyan-Dombivali and Panvel area.
Congestion of the Mumbai city and its suburbs, easy accessibility, close proximity to the tourist attractions like Lonavala and Matheran complemented with the upcoming infrastructure and development projects in the Karjat region itself has propelled the demand for the real estate market in the vicinity. It has easy access to Mumbai, Thane, Kalyan, Panvel, Navi Mumbai and Pune too.
Developments of schools, colleges, film studios, resorts supported by continuously improving infrastructure are catalyzing Karjat Real Estate market. A host of big and small companies operating from neighbourhood areas like Panvel, Ambernath, Badlapur and Ulhasnagar offers huge employment catchment area. Karjat will be the next hot spot for prospective developers and buyers alike for affordable housing location.
