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

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

Oriana, an ideal luxurious abode

Oriana
The continuous springing up of residential complexes in Mumbai metropolis has acted as a catalyst to the changing economics of this city. As income is going up, people are increasingly seeking to invest or own not just a flat but a gamut of facilities required for a wholesome convenience.

Rustomjee Oriana, located in Bandra Kurla Complex Annexe, Mumbai, is one such ambitious project of lavish homes. Equipped with 3 and 4 bedroom hall kitchen flats, Oriana also has embellishments like swimming pool, landscaped gardens, clubhouse, gymnasium and a squash court.

Giving it a special touch, the 21 storied building is designed by architect Sanjay Puri and the interiors of flats are designed by Mahesh Punjabi, which makes it a must have for affluent home buyers.

Visit our website: http://www.rustomjee.com/mumbai_resi_oriana.html

HDFC India Homes Fair – London 2013

At HDFC’s India Homes Fair that was held in London, our representatives presented our upcoming and ongoing residential properties across Mumbai and our townships in Thane and Virar.

HDFC India Homes Fair- London 3

HDFC India Homes Fair- London 2

HDFC India Homes Fair- London 1

HDFC India Homes Fair- London 4

MID-Day Hot Property: Home Truths – The ‘D’ of Home-Buying: Documentation

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For purchasing a house you need to have the requisite set of documents. These documents are a source of your valid details. The documents are the ‘personal documents’ required for salaried, self employed professional or self employed businessman.

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

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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.

Mumbai Mirror: Mumbai Skyline To Get A Makeover

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High-rise construction along the city’s coastline could pick up pace, with the state government on redevelopment of old and dilapidated cessed building in coastal belts. Such on-going redevelopment projects will be entitled to higher FSI of 2.5 instead of the current 2. This means that for every square metre of plot area, there can be 2.5sqm of built-up space?

Mid-Day: The Dollar Effect

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India offers a wide range of real estate options for various budgets, with improved quality and features of properties. Currently the larger cities like Mumbai are witnessing a slump in sales forcing the developers to offer good deals. “There is a possibility of two-fold benefits for the NRI investors – the current weakening of Indian rupee is expected to be short-lived phenomenon, and once the Rupee starts appreciating, the investor will get more dollars for the same investment in rupees. Secondly over the mid-long terms (three-five years), property prices in India will appreciate considerably, thus giving good returns to investments,” said Mr. Om Ahuja, CEO – Residential Services, Jones Lang LaSalle India.

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

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