Rustomjee Residential Plots in Kasara

Rustomjee Residential Plots in Kasara Hills will be a premium plotted development project by Keystone Realtors. Also popularly known as the Rustomjee Group. The company has entered the plotted development market with the acquisition of an expansive 88 acres of land parcel in Kasara, near Mumbai. This strategic move aims to meet the growing demand for second homes, driven by urbanization and the rising middle class seeking weekend retreats or investment opportunities.

Project Details and Strategic Vision: The upcoming Rustomjee Villa Plots in Kasara is named Rustomjee Belle Vie. The project will feature approximately 500 plots of varying sizes. Encompassing a total area of around 1.5 million square feet. This initiative marks a significant milestone for Rustomjee Developers, aligning with their broader strategy to diversify and expand their portfolio.

Boman Irani, CMD of Rustomjee Keystone Realtors, stated, “This move will represent a significant milestone for Rustomjee Builders. It will reflect our strategy to diversify and grow our real estate portfolio. In land plotted development, we foresee strong demand and traction. This segment lacks organized and branded developers, making it the most attractive market to tap into to meet the ever-evolving needs of customers.”

Financial Commitment and Growth Prospects: The total investment for the land acquisition is Rs 91 crores, with Rs 1 crore already paid and the remaining Rs 90 crores to be disbursed over the next two years. This residential plots for sale in Kasara by Rustomjee is expected to enhance profitability and ensure quicker cash flow cycles, in line with its business model.

Rustomjee Plots in Kasara project has applied for registration under the Real Estate Regulatory Authority (RERA) and plans to launch the project within the current quarter.

Recent Financial Achievements: In May, Keystone Realtors raised over Rs 800 crore through a qualified institutional placement (QIP) to support its growth ambitions. The company reported a 22% year-on-year growth in pre-sales, reaching Rs 611 crore for the quarter ending in June. Additionally, they have added a redevelopment project with a saleable area of 350,000 square feet and a gross development value of Rs 984 crore.

Market Trends and Future Outlook: The demand for second homes, villa plots and plotted developments project in India is on the rise. It is fuelled by the desire for weekend getaways and property investment opportunities. Real Estate Developers are increasingly investing in scenic locations with good connectivity and potential for property appreciation. Areas near metropolitan cities, hill stations, and coastal regions are particularly attractive.

Rustomjee Real Estate Developer entry into the plotted development segment with the Residential villa plots for sale in Kasara Hill highlights their commitment to innovation and quality. The project promises to offer a blend of modern amenities and natural beauty, catering to home buyers and property investors seeking comfort and a refuge from urban life. As Rustomjee Group will continues to identify emerging market trends and capitalize on high-demand segments, they are well-positioned to deliver exceptional value to stakeholders and set new benchmarks in the real estate industry.