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

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

Mumbai Records A Rise of Buying In Realty Sector

Mumbai Records A Rise of Buying In Realty Sector

Mumbai, has recorded a rise of 16 % in the registration of properties in the year 2013, when compared to the data for the first six months of 2012. Reporting the figures for the same period in the year 2013. There has been a multifold increase in the number of properties being sanctioned in the first two quarters of this year as compared to the figures recorded during last year. Another prominent push for the growth in sales of homes has come from the easy and lucrative schemes offered by the developers. Schemes like the subvention plan has lured the home aspirers to cash upon easy payment options that requires not more than 20% of the net value of the property to be paid up-front.

To know more: Mumbai Records A Rise of Buying In Realty Sector

Mint: Centre Planning Guidelines For States To Boost Realty Projects

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To give a boost to real estate and construction, the government plans to issue guidelines for state on streamlining approval procedures for development projects. The guidelines will incorporate recommendations and key findings of the committee on streamlining approval procedures for real estate projects that was set up by the housing ministry.

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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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?

Times Property: At the pinnacle of the luxury market

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Historically, Mumbai has not just been the financial capital of India but also the’luxury capital’ of the country.

Mumbai’s strong real estate market fundamentals are reflected in all segments, from office space and luxury retail, to luxury housing. Although the port city is constrained for space, it continues to dominate other property markets across India and remains the first choice for luxury brands, film stars, multinational and global conglomerates.

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.