More than 90 per cent consolidation in Indian real estate at project-level; only a few (such as Indiabulls) consider exiting realty business altogether. After DeMo wiped out fly-by-night and many small developers, liquidity crisis led Big Boys to take up stuck or delayed projects. Preferred consolidation models include JVs, alliance, development management contract, land monetisation.
Rustomjee has launched Avenue D1 at the Global City township project in Virar, Mumbai. The apartments have been designed in two variants of one-BHK (389.54 sq ft) and two-BHK (512.04 sq ft) in accordance with the market demand for such homes
Granting infrastructure status to affordable Housing is an extremely positive step and it will act as a catalyst to meet the governments objective of Homes for All - 2022. This move will also be helpful in increasing access to low-cost capital, allowing developers to lower costs of homes for buyers.
Within two decades, Rustomjee has built a real empire in Mumbai with a significant portfolio of 12 million sq ft of completed projects, 15 million sq ft of ongoing development, and 30 million sq ft of development in the pipeline.
Rustomjee has launched its new 30-storey standalone tower, Aurelia, in its 127 acre integrated township, Urbania, in Thane. The tower boasts of world-class amenities on the rooftop, a first for Thane residential real estate.
The most glamorous and unique awards in the building and design world – CONSTRUCTION WORLD ARCHITECT AND BUILDER (CWAB) AWARDS recently unveiled its 11th edition in Mumbai! Held on August 11, 2016, at Hotel Four Seasons, CWAB 2.0 (denoting the second decade) witnessed winning architects and builders, and top-notch consulates, municipal commissioners, and the who’s who of the construction material industry, among others.