Olympeo offers riverside living in Mumbai suburb.

Prabhat Ranjan, co-founder of Brick Eagle, a financial services platform for the affordable housing industry, has forayed into real estate development with a new venture, Olympeo Infrastructure.

The company has announced the launch of 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 crore, the company said in a statement.

Ranjan, chairman and managing director, Olympeo Infrastructure said: 'With this township, we intend to provide an active lifestyle at affordable price at an upcoming location of Neral-Karjat, accessible to every income bracket. Olympeo Riverside will comprise the best of modern amenities and infrastructure for a healthy and eco-friendly lifestyle.'

The project offers a range of 1 BHK and 2 BHK apartments, starting from Rs. 13 lakh. Its amenities include a water treatment plant, rainwater harvesting, sewage treatment plant, garbage recycling and alternative sources of energy like solar power. The project combines green and eco-friendly technology with modern urban design, the company said.

Spread across 25 acres in the prime upcoming location of Neral-Karjat belt, the project will house 1,500-plus units. With its close proximity to Shelu railway station and the four-lane Badlapur Khopoli highway, the project has connectivity not only to the suburban local network of Mumbai but also to the nearby Industrial areas of Badlapur-Ambernath.

The Neral-Karjat belt is being widely recognised as the upcoming development node and a natural extension of both Kalyan-Dombivali and Panvel areas, the company statement said.

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