Rustomjee Paramount, Khar

Rustomjee Paramount, Khar

NEW DELHI: India’s eight major cities saw launch of 1.32 lakh homes during January-September 2013, up by five per cent from the year-ago period, according to global real estate consultant Cushman & Wakefield.

These eight cities — Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, NCR and Pune — had witnessed launch of 125,590 residential units during the corresponding period of 2012.

As many as 31,434 units were launched in affordable segment, while 75,529 and 24,032 homes were introduced in the middle-income and high-end segments, respectively. Nearly 1,100 luxury homes were also launched.

Read more: New home launches up by 5% in January-September: Cushman & Wakefield

Financial Chronicle: First Time Home Buyer? Count Your Extra Outgo On The House

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Click image to view full size

When investing in an apartment or a house, the first time buyers should be careful about additional charges such as taxes and maintenance, which he reckons only after the deal is struck and the details are explained to him.

Besides the cost of the property calculated per sq.ft for the total are, the buyer has to plan additional 20-30 percent of expenditure on stamp duty, registration fee, service tax, advance deposit of maintenance charges for 12 months, legal charges, water and electrical connection fees, car parking, club charges and other charges.

Economic Times: Mumbai builders see an opportunity in small homes despite rising prices and market uncertainty

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Single working individuals and newly married couples, trapped in an environment of rising property prices, uncertain job market and a gloomy macro-economic scenario, are reconsidering the option of buying the more affordable one-bedroom apartments in Mumbai.

These home buyers, confident of good increments and job security in the past few years, had shunned such apartments and focused on buying at least two-bedroom apartments, or something even fancier. But things have changed since then, and these folks aren’t ready to take on higher liabilities of owning bigger apartments, especially at current rates.

Read more: Mumbai builders see an opportunity in small homes despite rising prices and market uncertainty

 

Times Property: Close to nature

Times Property - Close to nature

Times Property – Close to nature

Goregaon has immense potential and is on its way to becoming a destination of choice for discerning Mumbaikars.

Assessing the potential of Goregaon, at an early stage, Rustomjee provided world-class facilities starting from ample car parks, a large green podium with amenities like clubhouse, play-zones, water bodies etc for the benefit of the residents at Rustomjee Ozone.

The Sunday Indian: Jealously green?

Rustomjee Elanza, Malad

Rustomjee Elanza, Malad

The commercial and residential sectors constitute the major markets for the real estate industry in India. These sectors also consume a lot of energy and contribute significantly to greenhouse gas emissions. As per an official draft (Modern Building Bylaws for Construction of Green Buildings) by the Town and Country Planning Organisation, Government of India, “In a typical residential building in India, approximately 60 per cent of the total electricity is consumed for lights, 32 per cent for air conditioning and 8 per cent for refrigeration.” Considering this, it’s a no-brainer that if investment were not an issue then there’s no reason that any building should shy away from the green option.

Notwithstanding the ECBC, there are certain top builders who believe that the process of constructing green buildings commences at the site selection and the design level itself. Reasons Boman Irani, Chairman and Managing Director, Rustomjee Developers, “The windows and the doors must be placed in the manner that they cut direct sunlight to reduce heat gain, while letting the rooms get enough air flow through cross ventilation. The site’s closeness to the public transport system too is reckoned, which helps in reducing the dependence on private vehicles that contribute to the carbon emission.” Apparently, post designing, construction material must be procured within the vicinity and must be compliant to the principles of re-use. Instead of bricks, fly-ash concrete blocks for building purposes should be used.

Read more: Jealously green?

For information about our projects, please visit: www.rustomjee.com

CNBC TV18: Housing sales in Mumbai show upward trend again

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The silver lining for the Mumbai real estate residential market may have arrived after almost a year long wait. Led by strong demand and stable pricing, housing sales have finally begun to show an upward trend again. Not surprising then that market analysts are expecting a better earnings picture come 2013.

Read the article here: Housing sales in Mumbai show upward trend again

Mid Day: How builders cheat you of your dream home

Of the 120 builders showcasing their properties at the MCHI-CREDAI exhibition, not more than a dozen were selling flats on the basis of carpet area. According to MCHI’s own code of conduct, a builder should disclose the carpet area to the flat buyer. While there were a majority of builders at the exhibition at the Bandra Kurla Complex by MCHI-CREDAI — a representative body of real estate developers — who were selling on the basis of “saleable” area, which includes built-up and super built-up area, Rustomjee was among the few prominent builders who talked carpet while quoting its prices.

Read the article here: How builders cheat you of your dream home

Times of India: Property 2012 begins

(L-R) Ms. Manju Yagnik, Co-chair person, MCHI- CREDAI exhibition committee, Mr. Mayur Shah, Vice President, MCHI-CREDAI, Mr. Bandish Ajmera, Chairman, Exhibition committee and Mr. Boman Rustom Irani, Hon. Sec, MCHI Credai & CMD, Rustomjee

Mumbai’s biggest real estate extravaganza, the 20th MCHI-CREDAI Property 2012 exhibition was held at MMRDA Grounds from 1st – 4th November, 2012.

About the projects that were showcased at the event, Mr. Percy Chowdhry, Director, Rustomjee said: “The MCHI Expo brings developers from across MMR and home loan institutions under one roof and enriches the house hunting experience of prospective home buyers with a variety of such alternatives.

The Expo not only showcases projects across MMR, but also ensures clarity and transparency in terms of sanctions and approvals of these projects. All this reduces the time taken for a home buying decision from over six months to one or two days.

DNA Property: ‘MCHI-CREDAI hai to bharosa hai’

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Boman Rustom Irani, CMD Rustomjee and Secretary MCHI – CREDAI, explains why this year’s property 2012 exhibition is a definitive home-buyer destination.

MCHI CREDAI works towards ensuring peace of mind through having all it members sign a code of conduct to follow the best practices thereby assuring the buyer of transparency in transactions. In this exhibition all properties that are sold would have the necessary approvals that are required.

DNA’s Realty Gen-Next Coffee Table Book features Mr. Boman Rustom Irani, CMD, Rustomjee

DNA’s Realty Gen-Next is a coffee table book on the city’s real estate industry and key luminaries who have shaped the real estate sector.

In ‘The man who stands apart’ the CTB features Mr. Boman Rustom Irani, CMD, Rustomjee, who takes us through his journey of being a first-generation real estate developer and entrepreneur who has led every step that Rustomjee has taken to become a name to be reckoned with.

Here’s a look into the highlights of Mr. Boman Rustom Irani’s journey in the Indian Real Estate industry – who was among the first to focus on the living experience, realizing the importance of cool lighting & thoughtful design.

The man who stands apart - Mr. Boman R Irani, CMD, Rustomjee

The man who stands apart - Mr. Boman R Irani, CMD, Rustomjee

The man who stands apart - Mr. Boman R Irani, CMD, Rustomjee

The man who stands apart - Mr. Boman R Irani, CMD, Rustomjee

The man who stands apart - Mr. Boman R Irani, CMD, Rustomjee

The man who stands apart - Mr. Boman R Irani, CMD, Rustomjee