Rustomjee Group reports 45% growth

05 Mar 2021 Editorial Team

As another possible piece of evidence that real estate is driving an economic recovery, realty player Rustomjee group has announced its results up to January 2021, and has posted a 45% growth in terms of value of transactions till January 2021 as against the same period last year. The company has estimated that this could well increase to 60% by the end of the financial year.

In terms of unit growth, the percentage growth is 20% and is expected to increase to 30% by year end. The government’s initiative to give a boost to the real estate sector by reducing stamp duty till 31 March 2021, is expected to result in a further increase in sales in the last quarter of this financial year.

Some highlights for 2020 as mentioned by the company include:

The gated community projects garnering much attention, especially during the lockdown period of the Covid-19 pandemic. Standalone projects garnering impressive sales, with Garden 6 in Dadar Parsi Colony being fully booked and Yazarina III also seeing increased inquiries and bookings. Rustomjee has several more projects in the pipeline across the MMR at various locations, including, Bhandup, Bandra East, Dahisar and many others.

The Rustomjee Group is a 25-year-old, Mumbai-based real estate developer with a portfolio that includes 16.6 million sq ft of completed projects. Their portfolio currently includes two townships, residential spaces, office complexes, retail developments, spaces for healthcare and education spread across Prabhadevi, BKCAnnex, Khar, Off Juhu Circle, Kandivali, Borivali, Virar and Thane.

Written from a company news release.

Image: A shopping arcade in northwest Mumbai owned by the company.

Infrastructure Transport

07 Apr 2026

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..

Gujarat Pushes Biogas Growth With 193 Operational Units

Gujarat has operationalised 193 biogas plants across the state and is planning to add 60 more units as part of a broader push to scale up clean and sustainable energy solutions. The existing plants, established under various government-supported schemes, process organic waste including cattle dung and agricultural residue to produce biogas and a nutrient-rich slurry. The output is mainly used for cooking and other energy needs in rural and semi-urban communities, while also improving local waste management practices. The Gujarat Energy Development Agency (GEDA) is leading the initiative and is..