Steady Advances

Rustomjee Ozone, Malad

Rustomjee Ozone, Malad

Malad is a western suburb which has evolved in the last 10 years with the growth of Mumbai. A sea change from the East Indian Catholic village that it was traditionally, Malad is now recognised as one of the new residential and commercial hubs of the city.

Though Malad West is the more developed and lucrative investment option, the East part of the locality has also recently developed.

Malad enjoys connectivity to other Western suburbs such as Goregaon and Andheri. Access to the Western Express Highway and the Eastern Express Highway has brought this area into favour.

Rustomjee is coming up with two projects, Rustomjee Ozone and Rustomjee Elanza both located on Goregaon – Malad Link Road. These projects have already announced possession. More projects are expected to be announced.

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Is this the right time to invest in Real Estate?

Rustomjee Elanza

Rustomjee Elanza

A question playing on the mind of many buyers and investors today is – Is this is the right time to purchase real estate? Given the economic slowdown, high inflation and interest rates and political uncertainty, the overall sentiment running among the consumers is negative.

However, at any given time, the suggestion for end users would be anytime you have the propensity to save and spend will be the right time to invest in real estate, say experts. The market has witnessed a slowdown in terms of price. Yet, the mid-income group is witnessing a stable and robust demand as the trend of urbanization continues. Massive demand is available so definitely this is the right time to buy. The conversions may have reduced but the end user is still looking for good options to invest in.

“The transaction from the investor’s end has witnessed a cutback but now is a great time for an investor to tap on the rental opportunity. Investor does not know where the market will bottom out; therefore it is an attractive time to invest when the market is still low compared to other times”, says Percy S Chowdhry, Director, Rustomjee Group.

Read more: Is this the right time to invest in Real Estate?

Mumbai’s Premier Real Estate group

Rustomjee has carved a niche for itself in the real estate sector and is today synonymous with innovation, customer satisfaction, transparency and developing luxurious, affordable and value for money projects.

Rustomjee was amongst the first developers to tap the massive redevelopment opportunities in a space-starved Mumbai and has successfully redeveloped many properties thereby providing residents with better infrastructure and state-of-art facilities. They have transformed the homes of thousands of families who now live in homes equipped with better security, more living space, landscaped gardens, swimming pools and gymnasiums, padded play areas for children and libraries. Each of their redevelopment projects is tailored with amenities chosen to enhance the living standard of people for a lifetime.

For more information on Rustomjee’s projects, visit:

Times Property: Buy homes smartly this Mangal Parv

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Click image to view full size

Making a selection for a home can be quite a tough task, when it comes to your dream home, but with Mumbai’s most sought after-after home buying festival is back, which helps buyers to zero in on their dream home, the festival period provides auspicious and optimistic opportunities for builders.

“A home is a choice most people make once, may be twice, in a lifetime”, says Boman Irani, Chairman and Managing Director, Rustomjee

For a prospective home buyer, this is an exciting time full of promise, if you play it smart, you can end the season with a neat new home of your own.

Times Property: Housing for all – A distant dream?

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Click image to view full size

It is important to minimize costs for construction of low-income housing whilst balancing the amenities provided, while at the same time ensuring the safety and serviceability of the built structure during its lifecycle.

”For developers constructing in far-flung suburbs, the government must develop civic infrastructure and ensure better connectivity through roads and railways, as this will lead to an influx of people.” Said Abhishek Kapoor, CEO, Rustomjee Urbania.

TOI: Better now than never

From the second quarter of 2009 to the same quarter in 2013, residential real estate prices in Mumbai have increased by 66 per cent.

The past couple of years saw the city expanding towards the suburbs due to the soaring real estate prices, space crunch and increase in demand for housing. “For home buyers, turning to the suburbs of Mumbai and upcoming areas like Virar and Thane, is a more affordable bet. One should currently look at owning a house in the suburbs. Owing to improved infrastructure, prices are expected to appreciate further here in the long term,” says Percy Chowdhry, Director, Rustomjee

Rustomjee - Better now than never - Times Property

Fortune India: Rustomjee Elements – Redefining luxury

Rustomjee Elements - Upper Juhu

Rustomjee Elements – Upper Juhu

Rustomjee Elements offers a priceless sense of location in the heart of Mumbai, highlighted by spacious and luxurious interiors and endless, beautifully landscaped exteriors.

It has all the ingredients to suit the choices of individuals and families who believe in living life king-size. Conceptualized by the renowned Hong Kong-based Cybertect James Law, Elements is ‘the’ address for those with a taste for fashion and luxury living. Set up in the most affluent suburb of Mumbai, Elements boasts of a neighbourhood that is home to the biggest names in Bollywood and houses more celebrities per square kilometre than any other locality in Mumbai.

These flats in Juhu possess truly a visual delight and offer a refreshing breaking to any city dweller who seeks to be in the hubbub of India’s biggest, commercial city and still enjoy their moments of peace and tranquil. Elements has created houses in Juhu for residents to create and live
their dream lives, and rejuvenate their minds and spirits like they can nowhere else.

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Theme living becomes the new in-thing in India’s metropolitan cities

Leon's World at Rustomjee Athena, Urbania

Leon’s World at Rustomjee Athena, Urbania

Imagine living with Disney characters or having a personal amusement park instead of the regular playground right within your apartment complex. Builders and developers are fast realizing that the moolah is in catering unusually well to specific needs instead of simply meeting up baseline requirements and they are identifying niches, mini target segments to go after. These could be children, sports enthusiasts or senior citizens.

Theme-based projects have kicked off in India and hold a good growth potential. The reason that these types of projects stand out amongst others is because they are marketed differently, target a specified clientele and are customized according to the need of the buyer. Experts believe that even though theme-based residential projects are new to India yet it will grow significantly in the future as there is a novelty factor attached to these projects.

Rustomjee Group in Mumbai also has created dedicated children’s living in some of their projects. They have a knowledge and activity Centre known as ‘The Leons World’ and Yazoo Park in the Evershine Global City project in Virar. Yazoo Park is a 12-acre exclusive amusement park for kids inside the township. Percy S. Chowdhry, Director of Rustomjee Group says that such concepts are likely to gain momentum going forward as people want to experience focused living.

Read More:  Theme living becomes the new in-thing in India’s metropolitan cities

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Virar offers multi-dimensional benefits for affordable housing

Yazoo Park, Global City  - Virar

For Somesh Vaidya, who shifted to Virar from Borivili, it was a decision he would not regret. The area has excellent connectivity, more open space and social infrastructure is no less compared to the other suburbs. Another added advantage of buying property here is its easy accessibility to Mumbai via the Western Express Highway, which is just five kms from the area and the Metro is only in three kms. The roads are also constructed well and are in good shape.

Being the first station on the western railway’s suburban line, people get the benefit of travelling through local trains. It is the only station, which isolates Mumbai from other locations like Vaitarna, Safale, Kelwe, Palghar and Boisar.

Real estate has been booming because of players like Rustomjee, Ekta World, Bhoomi Group, Poonam Group, which have many good projects in the area. In the next two-three years, Virar is being considered as a major development city. Experts believe that if one is on a lookout for affordable housing projects, low- and high-yield investment near Mumbai, Virar is a good option. One room kitchen, one-BHK and two-BHK flats in Virar are come at a reasonable price bracket of Rs 15-30 lakhs, while the prevailing rates are Rs 3,250-5,500 per sq ft. The built-up area of a one room kitchen is about 350 to 450 sq ft and a one-BHK unit here is about 520 sq ft and two-BHK is 760 sq ft.

Read more: Virar offers multi-dimensional benefits for affordable housing

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Mid-Day Hot Property: A strategic location

A strategic location - Mid Day Hot Property

MMRDA plans to decongest the business district of South Mumbai by substituting it with a planned commercial complex at BKC which is one of the best property investment in Mumbai.

Some of the leading builders have recognised the potential of BKC and is introducing apartment in Bandra which offer 3 Bhk Flats in Mumbai with state-of-the-art projects in the vicinity. They include Piramal Sunteck Realty, Rustomjee, Kalpataru and many more.

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