Page 2 - Rustomjee Group News Today

The project, which is expected to be launched in next calendar year, is a redevelopment that is expected to lead to a sale potential of ~3,42,000 sq. ft. of RERA carpet area with an expected Gross Development Value (GDV) of ~ Rs 1,200 crore.

Rustomjee Group one of the leading and renowned real estate developers across Mumbai today announced the launch of Rustomjee Stella in the Bandra East locality of Mumbai.

The two acquired projects are located in Dahisar and Versova. This has taken the companys footprint in MMR to a total of 15 housing projects.

The project in Malad area of Mumbai will include component of rehousing 342 existing members of both the societies, and this redevelopment will lead to sale potential of 3.42 lakh sq ft of RERA carpet area, according to company statement

Keystone Realtors, a part of Rustomjee Group, has secured the rights to redevelop two housing societies in Mumbais Malad West suburb, covering nearly 3 acres. The project is expected to have a sale potential of over 3.42 lakh sq ft of RERA carpet area, with an anticipated Gross Development Value (GDV) exceeding Rs 1,200 crore.

Mumbai redevelopment news: Both companies will hold a 50 percent stake in the project and the project is aimed at delivery of premium luxury residential apartments with an estimated carpet area of approximately 130,000 sqft for sale, according to the statement issued by Ajmera Realty.

Keystone Realtors: According to a regulatory filing earlier this week, the companys sales bookings in volume terms rose 9 per cent to 0.82 million sq ft during the April-December period of this fiscal from 0.75 million sq ft in the year-ago period.

Uttar Pradesh has ranked among top three states with a 9% national share of MSMEs, according to a CBRE-CREDAI report. The report highlights the significant contribution of MSMEs in shaping India's economy and emphasizes the regional concentration of MSME activity. Discover the policy initiatives and strategic opportunities for Indian MSMEs in Uttar Pradesh's vibrant entrepreneurial landscape.

Maharashtra, Tamil Nadu, and Uttar Pradesh account for nearly 40%of the total Micro, Small, and Medium Enterprises (MSMEs) registered in India. This emphasizes not only the diverse distribution of MSMEs across the nation but also the significance of these states in driving the overall vibrancy and economic impact of the sector.

Mumbai real estate update: Rustomjee Group believes areas near big infrastructure projects will garner a great amount of future cash flow. KRL is planning launches with a revenue potential of Rs 4,000 crore in the ongoing fiscal. It is in talks with landowners for joint ventures and joint development projects.