About Us

Company Profile

Since the inception of 'Om Developers' in 1988 by Mr. Pramod More, the company has now emerged as a leader in the construction industry focused on developing architectural pageants spanning residential and commercial verticals.
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Vision, Mission & Core Values

To create landmark residential and commercial projects to scale profitability and create an impact on lives of people with quality living based on trust, innovation and quality.


With a strength of over 50 employees, we have some of the best experts from the industry to help us deliver our mission of creating high quality living spaces in Navi Mumbai.
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We take pride in developing affordable homes and delivering exceptional customer assistance from start to end. This enables us to earn a revered position in the real estate industry over the years.
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  • Year of Foundation

  • First ever project Siddhi Vinayak Society (Kharghar)

    Started in 1993 & Delivered in 1995

  • Presence in Locations

    (Mumbai-Navi Mumbai-Nasik-Badlapur-Khalapur)

  • Happy Families till date

  • Successful projects completed

  • Sq. Ft. delivered till date & counting

  • Omkar Vidyalaya Shelu Karjat

    (CSR Initiative for under privileged)

  • Navjeevan Vikas Matimandh Vidyalaya

    (CSR Initiative for under privileged)


An Indian Citizen who stays abroad for employment/carrying on business or vocation outside India or stays abroad under circumstances indicating an intention for an uncertain duration of stay abroad is a non-resident. (Persons posted in U.N. organizations and officials deputed abroad by Central/State Governments and Public Sector undertakings on temporary assignments are also treated as non-residents). Non-resident foreign citizens of Indian Origin are treated on par with non-resident Indian citizens (NRIs) for the purpose of certain facilities.
Reserve Bank has granted general permission to certain financial institutions providing housing finance e.g. HDFC, LIC Housing Finance Ltd., etc., and authorized dealers to grant housing loans to non-resident Indian nationals for acquisition of a house/flat for self-occupation subject to certain conditions. The purpose of the loan, margin money and the quantum of loan will be at par with those applicable to housing loans to residents. Repayment of loan should be made within a period not exceeding 15 years out of inward remittances or out of funds held in the investors NRE/FCNR/NRO accounts.
Yes. Reserve Bank has granted general permission for sale of such property. However, where the property is purchased by another foreign citizen of Indian origin, funds towards the purchase consideration should either be remitted to India or paid out of balances in NRE/FCNR accounts.
NRIs/OCB’s are granted the following facilities: Maintenance of bank accounts in India, Investments in securities/shares of, and deposits with, Indian firms/companies and Investments in immovable properties in India. Copy of the passport and a copy of the works contract. Vital document required while processing an NRI home loan is the power of attorney (POA). The POA is important because, since the borrower is not based in India; the Home Finance Company would need a ‘representative’ ‘in lieu of’ the NRI to deal with and if needed. Although not obligatory, the POA is usually drawn on the NRI’s parents/wife/children/ close relatives or friends
Yes. Repatriation of original investment in respect of properties purchased by foreign citizens of Indian origin on or after 26th May 1993 will be allowed to be remitted up to the original investment amount remitted in foreign exchange for the acquisition of the property provided the property is sold after a period of three years from the date of the final purchase deed or from the date of payment of final installment of consideration amount, whichever is later. Applications for the purpose are required to be made to the Central Office of Reserve Bank within 90 days of the sale of property in form IPI 8.
You are an NRI/OCI/PIO, you would have to file your income tax returns if you fulfill either of these conditions: (a) Your taxable income in India during the year was above the basic exemption limit of 1.6 lakh OR (b) You have earned short-term or long-term capital gains from sale of any investments or assets, even if the gains are less than the basic exemption limit.
Over the years, the real estate sector has witnessed major changes in terms of home buying opportunities basically due to disposable income, foreign investment, buyer demand and other factors.

Buying a home requires a great deal of deliberation. Especially, first home buyers are faced with a lot of questions and confusion. Therefore, before making an investment in new residential property, it is recommended to be informed about all the necessary details right from basic paperwork to the reputation of the project. Once you have covered all the bases, you are rest assured that there are no surprises later. At Om Builders, we want you to make the right investment decision that promises you a great lifestyle living at affordable prices and projects featuring facilities designed for all age groups.

If you're first-time real estate investor looking to buy your dream home, having doubts about home loan, taxes or any other miscellaneous queries, we make sure you get complete assistance and answer all the questions so that you invest worry-free.

When you're buying a home, it is about putting all your savings into an investment for a lifetime. Along with the various costs involved in the entire buying process, you may also get tax benefit on the principal and interest component of the EMI. Up to Rs. 1 lakh is the amount of tax benefit a home buyer can claim on home loan interest payment. Under section 24, tax deduction is applicabe on interest paid for home loan applied for construction, purchase or repair of property. The maximum tax deduction allowed under Section 24 of a self-occupied property is subject to a maximum limit of Rs. 2 Lakhs.

Income tax exemption on repayment of home loan principal amount up to Rs. 150,000 (Rs. 2,00,000 for senior citizens) annually under Section 80 C of the Income Tax Act:

  • Under this section, home buyers can claim the benefit of Rs. 50,000 annually by utilizing the advantage of clubbing principal repayment component of up to Rs. 1,50,000 under the overall limit for tax saving instrument
  • This benefit can be used only in case you have purchased or constructing a residential property.
  • The tax deduction is available only for self occupied property
  • Tax payer who is partially or looking to make full prepayment of home loan is eligible for tax deduction benefit under section 80C
You can apply for home loan by approaching a housing finance company with a formal application. In addition to the application, you're required to submit your personal details to the bank to know about your loan eligibility.
Most banks will generally ask for the following documents: Identity proof, address proof, age proof, proof of educational/professional qualifications, employment details, bank statement, proof of income, pan card, property details.
Banks have set some parameters to determine the borrowing capacity of a candidate. The amount of home you get depends on your age, salary structure, liabilities and cash flow and expenses. Age: For granting loans, banks prefer to allot to an individual who is not more than 58 years of age. Even the tenure of repayment of home loan is decided on the basis of your age. Salary: When it comes to submitting your salary details, banks don't do not consider perks, bonuses, allowances. If all these elements make up for the larger part of your salary, then it is likely that your home loan eligibility may go down. Liabilities: A borrower's liabilities should not exceed 55 – 60% of his monthly income. Cash Flow and expenses: Around 40% of your monthly income goes towards EMI payment. For example, if your monthly income is Rs. 1 lakh, you will be have to pay around Rs. 40,000. Prior to going forward with a bank for home, it is recommended to check with a few banks and pick one which is ready provide you the lowest interest rate.
Yes, banks do charge processing fees which usually varies from 0.25% to 0.50%. The processing fees is levied for the maintenance of your loan and once paid it is non-refundable.
For home loan, tax benefit is available for the interest and principal component. As per the current budget, you are eligible for tax deduction on interest paid at around Rs. 1,50,000.
In reducing balance you reduce the amount of principal payment already paid by you from the initial loan amount. You pay interest only on principal unpaid till that point of time and not the entire loan amount.
Also known as variable or adjustable rate, a floating interest rate is a type of debt including credit, loan, bond which does not have a fixed interest rate.
A fixed interest rate loan is a loan where the interest rate doesn't fluctuate. This allows the borrower to accurately predict their future payments. Variable rate loans, by contrast, are anchored to the prevailing discount rate.

CSR Initiatives