Rustomjee Group Records Rs. 2680 Crores Business for the Year 2021-22 Accounting to 78% Y-o-Y Growth

Mumbai, Maharashtra, India – One of the leading real estate companies in India, Rustomjee Group records sales worth Rs.2680 Cr. for the financial year 2021-22. The brand has recorded a whopping 78% Y-o-Y growth in sales. As per the group, the business has performed extremely well not only in ready-to-move-in projects but also in under-construction projects.

Rustomjee Group’s product portfolio is spread across all segments from affordable housing to uber luxurious homes and everything in between. The winning streak started with the launch of a new project, Rustomjee Bella, a gated community in Bhandup in partnership with TREC. Rustomjee Bella sold 65% inventory in mere 9 months of its launch and the construction pace has been moving at a lightning speed.

Another prominent launch in Q4 of the financial year 2021-22, Rustomjee Uptown Urbania, a premium township in Thane sold an average of 100+ units in a month and saw a footfall of over 3200 unique customers in the same time frame holding a third of the total market share of the relevant segment that says volumes about the brand’s foothold in Thane.

The newly launched project Rustomjee Erika in Bandra East received an overwhelming sales response in just 30 days from its launch.
 
When it comes to the luxury segment, Rustomjee Group has achieved yet another milestone with Rustomjee Elements receiving OC for the entire project. The year also saw Rustomjee Crown, one of the finest gated estates in South Mumbai doing business worth Rs.1000 Crores. Rustomjee Seasons, BKCs finest ready gated community ended the financial year 2021-22 on a high note with the highest number of units being sold. These numbers are phenomenal when it comes to luxury real estate sales.
 
Taking yet another step to build a better living and ecosystem for the homebuyers, Rustomjee Group collaborated with Tata Power to provide electric vehicle charging solutions across all its residential projects in Mumbai Metropolitan Region (MMR).
 
Talking about the sales record, Mr. Percy Chowdhry, Director, Rustomjee Group, said, “At Rustomjee, we are committed to provide real estate solutions that add value to all stakeholders and we can happily say that we’re at par with our vision. Despite the pandemic, all our projects have fared well and are steady. We’re proud of the team’s effort in ensuring on-time project delivery and top notch customer satisfaction.”
 
The queen of suburbs, Bandra is about to witness lavish homes in Pali Hill. The year looks exciting and the future looks bright for this real estate giant.

About Rustomjee

Rustomjee Group has carved a niche in the ever-growing real estate sector, with a development portfolio of 20 million square feet of completed projects, 9.2 million square feet of ongoing development and 16.4 million square feet of planned development spanning across the Mumbai Metropolitan Region.

Rustomjee Group's portfolio includes two township developments in Thane and Virar, as well as large residential developments, office complexes, retail, healthcare and educational institutions spread across Mumbai City in Prabhadevi, Bandra, Khar, Andheri, Kandivali, Borivali and Bhandup.

Rustomjee Group is committed to adding value to the lives of the homeowners through its core business, corporate social responsibility initiatives and philanthropy. Rustomjee Group ensures that every development blueprint includes child-friendly spaces, parks, playgrounds and learning rooms developed in collaboration with eminent child psychologists and trained specialists.

Hurun-Grohe Announces the Czars of Real Estate in Chennai

Chennai, Tamil Nadu, India – Hurun Report today released the fifth year GROHE-HURUN India Real Estate Rich List 2021, a ranking of the most successful real estate entrepreneurs and inheritors in India, ranked by net worth proportionate to their ownership in their respective real estate businesses.

The GROHE-HURUN India Real Estate Rich List 2021 ranked 100 individuals from 71 real estate companies and 14 cities.

Despite all the news of a slowdown in the sector, some of the key trends in the list indicate a positive future. For instance, the average wealth in the GROHE-HURUN India Real Estate Rich List 2021 has increased by 30%, to INR 4,537 crore. The combined wealth of the entrepreneurs on the list grew by 30% compared to 2020.

Chennai
Chennai, the capital of Tamil Nadu, the real estate sector is dominated by young and ambitious leaders namely Manoj Namburu and Suneel Bommireddy of Alliance Group &Urbanrise, who have acquired the top two slots. Mr Manoj Namburu Chairman & MD of Alliance Group &Urbanrise with a wealth of Rs 3,300 crores tops the list followed by Mr Suneel Bommireddy Vice Chairman Alliance Group &Urbanrise with a wealth of and Rs 3,200 crores and in the third spot is Mr Arun MD of Casagrand Builders with a wealth of Rs 2,240 crores. The Top 3 Leaders to be featured in the report are as follows:

 

Leader Name	Company Name	Designation	Total Assets Value (in Crores INR)	City
Manoj Namburu	Alliance Group &Urbanrise	Chairman & Managing Director	3,300	Chennai
Suneel Bommireddy	Alliance Group &Urbanrise	Vice Chairman	3,200	Chennai
Arun MN	Casagrand Builder Pvt. Ltd.	Founder & Managing Director	2,240	Chennai

Ace Group All Set to Deliver a Series of Mega Projects before Diwali 2022

Ace Group has stayed put to fulfil its commitment to deliver on time 

New Delhi, Delhi, India - Keeping up to its reputation of timely delivery of its projects and setting a precedent for its counterparts to follow, NCR-based realty major Ace Group has announced that it’s all set to deliver four mega projects before the festival of lights begins this year. Ace Group has sounded that its most sought-after projects including Ace Divino, Ace Palm Floors, Ace medley Avenue and Ace Parkway - all will be ready for possession before Diwali 2022. 

Currently construction work in all these projects is going on in full swing. All these projects are already getting overwhelming response from the homebuyers due to their strategic location, modern features and affordability.

Mr. Ajay Choudhary, CMD, Ace Group said, “Timely delivery with best of the quality and amenities has always been the top priority of Ace Group. While many project deliveries have taken a backseat owing to the unprecedented pandemic strike, we at Ace Group stayed put to our commitment and the delivery timelines of our projects are well on schedule. So, step into your home of dreams this auspicious occasion of Diwali and bring light to the good time.”

Ace Divino, comprising elite 2,3 & 4 BHK Apartments and Penthouses is one-of-a-kind premium residential project located in Sector-1, Greater Noida West. The luxury project is supplemented with all the modern features and amenities like Double Height Entrance Lobby, Exclusive Garden Floors & Penthouses, Table Tennis, Billiards and Varied Indulgences. Apart from all these the luxurious project includes Cobbled Drop off with feature wall, and Restricted One-point Entry for Safety among others.

Located at Sector 150, Noida, the greenest residential hotspot of Noida Ace Parkway is another premium project offering spacious 2, 3 & 4 BHK Apartments and Penthouses. Ace Parkway exudes ethereal experience of the blue sky above overlooking vast expanse of open spaces and lush greenery as it’s situated right in front of ~42-acre Shaheed Bhagat Singh Park. The exclusive features and amenities at this project include temperature-controlled indoor swimming pool, quick access to Yamuna Expressway, the facility of playing 51 Unique Sports, and above all the Sample Flats of the project are designed by celebrity interior designer Gauri Khan, the wife of Bollywood superstar Shah Rukh Khan.

Ace Palm Floors offers Low-rise Terrace Homes having 2&3 BHK spacious Low rise floors, Elite Clubhouse, Residential Plots of Various Sizes. Located in Sector 89 & 90 of Gurugram, the project has ~80% Open Green Spaces. Ace Medley Avenue, on the other hand, is Noida’s most sought after Retail Destination. It offers Retail, Entertainment and Food all in one spot with two level basement parking. Situated at the confluence of Noida Expressway and Sector 150, the project offers commercial and retail spaces.

Ace Group has also formed the most prestigious JV partnerships to develop projects covering an area of ~14 million sq. ft. Established in 2010, Ace Group has completed projects covering an area of ~8.5 million sq. ft. while another ~8 million sq. ft. are under construction. Among its completed residential projects include ACE Platinum, ACE City, ACE Aspire and ACE Golfshire, all of which have gained considerable customer attention.