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

What makes Mumbai’s commercial property market so promising?

Natraj, Andheri

Rustomjee Natraj, Andheri

The commercial realty market in the financial capital of india is only set to grow further on the back of an improvement in global economies.

Market report shows that across India 13 million square feet of office space has been absorbed in the first half of 2013. Whereas, in the first half of 2012, this figure was 12.8 million square feet. Also in the first half of 2013, construction of around 19.3 million square feet of office space has been completed as compare to 10.7 million square feet of 2012, happened in the same time duration. The major portion of this growth, which occurred in the first half of 2013, belongs to Mumbai, making it the city registering the highest absorption of 3.8 million square feet of office space. At one hand the demand is growing high and on the other hand the supply is getting limited.

Read more: What makes Mumbai’s commercial property market so promising?

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.

Read more: Steady Advances

Times Property: Buy homes smartly this Mangal Parv

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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.

DNA Property: Why is realty a preferred investment avenue?

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Click image to view full size

The trend of buying ‘second’ homes or weekend getaways in Mumbai’s peripheral areas and beyond has been gaining ground in recent years. With rising real estate prices in the prime areas, second home provides a good opportunity for investment.

Moreover, many second home destination have evolved and transformed into first home destinations, making the scope for returns on investment even higher.

Economic Times: New Winds In Its Sails

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A defining feature of the real estate sector has been a steady rise in the number of young guns riding high in the business. Many have taken the plunge in their 20’s and early 30’s, endured the risk and challenges of growing their business, and through inspirations and a lot of perspiration succeeded in the sector. Corporate ideas such as professionalism, innovation, transparency, to list a few, are part of the industry’s everyday jargon now.

The real estate sector is witnessing a change in perspective, as the newer generation brings with it a fresh wave of ideas based on professionalism and innovation, thus lending a corporate identity.

Mumbai top property choice for Indian expats based in UAE

Rustomjee Summit at Borivali (E)

Rustomjee Summit at Borivali (E)

Mumbai has been revealed as the favourite spot for Indian expats in the UAE to buy property, despite the city’s soaring home prices, according to a new survey.

Thirty one per cent of Indians in the UAE said that Mumbai was their preferred destination for property investment in India, the results of the Indian Property Show survey released yesterday revealed. About 14,000 Indian expats in the UAE participated in the survey.

“Despite being the ‘highly unaffordable’ place, even for the upper middle income group back home, Mumbai has become a top choice for non-resident Indians [NRIs] in the UAE for investment in the real estate sector,” said Sunil Jaiswal, the chief executive of Sumansa Exhibitions, which organises the Indian Property Show, to be held in Dubai this month. Home prices in Mumbai have increased by 66 per cent over the past four years, according to a recent report by Jones Lang LaSalle.

Read more: Mumbai top property choice for Indian expats based in UAE

For information on projects by Rustomjee, please visit: www.rustomjee.com

NDTV Profit: NRI guide to property investment in India

Rustomjee Paramount

Rustomjee Paramount

NRIs have always been opportunistic in terms of investment avenues and returns. The government regularly comes up with new schemes to attract more and more investments from abroad. Real estate is one of the sectors which always grabs the attention of non-residents.

The Reserve Bank of India has also given permission to all non-residents who possess Indian passports as well as people of Indian origin to put their money in the real estate sector (residential as well as commercial property). The number of NRIs investing in real estate is increasing fast as the value of the rupee is depreciating and real estate offers better returns. A place in the homeland usually gives a sentimental support and sense of security, which is the other reason of investment in real estate by NRIs.

Read more: NRI guide to property investment in India

Rustomjee second runners up for the ‘Excellence in Design Developers’ award at MCHI CREDAI Property 2013

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At India’s biggest property Expo – MCHI CREDAI Property 2013, Rustomjee wins the second runner up position for ‘Excellence in Design Developers’ for their impeccable stall design and display.  The Property 2013, 21st Mega Show Edition of MCHI-CREDAI’s flagship Real Estate Exhibition was … Continue reading

Indian Express: Realty registrations in Mumbai increase 25% in Jan, most in 3 yrs

Rustomjee Athena, at the 127 acre township in Thane - Rustomjee Urbania

Rustomjee Athena, at the 127 acre township in Thane – Rustomjee Urbania

In a good start to 2013, Mumbai’s real estate market saw its highest January sales registrations compared with January 2012 and 2011, indicating some pick-up in sales of houses, which remained sluggish over the last two years.

According to real estate industry experts, the December registration numbers are traditionally higher as customers flock the market to close their transactions to avoid paying higher stamp duty and registrations charges, which get revised every year in January with changes in Ready Reckoner rates announced by the state government.

Read more:  Realty registrations in Mumbai increase 25% in Jan, most in 3 years