Omkar in talks with L&T Realty SRA project

Slum rehabilitation specialist Omkar Realtors is in advanced talks with L&T Realty to jointly develop a 4.5-acre prime plot in the tony Bandra suburb at a cost of Rs 4,500 crore, sources close to the development said. If the deal goes through, this will be the second venture of Omkar with L&T Realty, with the earlier being for the 17-acre redevelopment project in the Parel area of the city, called Crescent Bay. Omkar is also developing one of the world's largest slum rehabilitation projects in suburban Andheri area.