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

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?

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

The Hindu Business Line: Curbs on property investment abroad may boost premium segment in India

Rustomjee Paramount

Rustomjee Paramount

In its bid to control the outflow of capital from the country, RBI slashed the annual cap on automatic outflows from $200,000 to $75,000 for an individual. Along with it, a ban has been imposed on overseas real estate purchases with immediate effect. (Above) A bird’s-eye-view of South Mumbai real estate.

RBI curbs on overseas property investments to protect the rupee seems to be good news for Indian real estate as capital which otherwise would have been diverted abroad will now stay in the country.

Read More: Curbs on property investment abroad may boost premium segment in India

Mumbai Mirror: Mumbai Skyline To Get A Makeover

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Click image to view full size

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

Click image to view full size

Click image to view full size

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.

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

Afaqs.com: Online property sites sizzle as top choice of home seekers

Rustomjee Athena, a part if the 127-acre self sufficient township in Thane - Urbania

Want a house on rent? Visit an online property site which would help you rent a property without any middleman.

According to experts tracking the realty sector, sites such as Magicbricks.com, 99acres.com and makaan.com are fast-becoming the choice of consumers looking for renting a property, as such sites let them directly connect with the owner and save time and money. Besides rentals, these sites also offer primary sales (new apartments – under construction or ready to move in) and secondary sales of properties.

Though the share of online property sites in the overall property business in the country is still a miniscule one per cent, analysts expect this segment to grow to 15-20 per cent in a few years.

 

Read more: Online property sites sizzle as top choice of home seekers

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

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.

For information about Rustomjee, visit: www.rustomjee.com

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