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.

Embassy REIT the First in India to Achieve a WELL Portfolio Score

The 14-acre integrated development at the heart of Worli is a flagship project of Birla Estates

Mumbai, Maharashtra, India – Birla Niyaara, the flagship project of Birla Estates Pvt Ltd, has received an overwhelming response and recorded sales of INR 1000 Crore booking value making it the most successful launch in MMR in the recent times. The 14-acre integrated development in Worli, South Mumbai's most sought-after neighborhood, has sold over 150 units till date in Phase 1.

Birla Niyaara is also one-of-a-kind in the luxury segment, being India's only USGBC LEED pre-certified platinum residential project making it one of Worli's landmark integrated developments.

Mr. KT Jithendran, CEO, Birla Estates said, “We are overwhelmed with the outstanding response for Birla Niyaara. The numbers, despite the 3rd wave of pandemic, is a testament to the strength of the Birla Brand as well as our philosophy of Life Designed that caters to consumer needs. Through Birla Niyaara, we promote sustainable living and offer an unrivalled lifestyle through best-in-class services, innovative amenities, and world-class design.”

 

Birla Niyaara One of the largest integrated developments in south Mumbai spread across 14 acres India’s only USGBC LEED precertified platinum residential project  3 bespoke clubhouses Homes with column free interiors

 

The project is a mix of contemporary and modern high-rise living spaces, high-end retail, and fine office buildings, all imagined and designed by world-renowned architects Foster and Partners. Sasaki and Coopers Hill oversee the master planning and are detailing the landscape. The multi-tiered amenities, such as the hi-line experience, bespoke social, sports and children's clubs, and a themed garden landscape, are specially curated wellbeing spaces that encourage people to live an active and healthy lifestyle.
 
Birla Estates currently has five residential developments spread across MMR, Bengaluru, and NCR region. They will be launching new projects in each of these markets soon.

About Birla Estates

Birla Estates Private Limited is a 100% wholly owned subsidiary of Century Textiles and Industries Limited (CTIL), foraying into real estate. The initial focus of Birla Estates is leveraging the trust it enjoys, to make a difference in the sector and add value to the consumer through development of premium/higher mid-income residential housing. In the long term, the company is focused on developing world class residential, commercial and mixed-use properties and to be amongst the top real estate companies in India. Birla Estates will use a capital efficient, asset light model to source Joint Venture, ideally in Mumbai, MMR, Pune, Bangalore and NCR – which account for around 70% of the Pan India residential market – and develop the brand. The company’s focus on efficiency in design, customer centricity, sustainability and execution excellence will differentiate its offerings from those of its competitors. The company is headquartered at Mumbai and currently has regional offices in NCR and Bangalore. The business has a well-established commercial portfolio with 2 grade-A commercial buildings located in Worli, Mumbai with ~6 lakh square feet of leasable area. Birla Estates is working on developing the valuable portfolio largely owned by CTIL. These parcels are located in prominent micro-markets of Mumbai – Worli / Prabhadevi/Kalyan, Pune – Talegaon & Bangalore.

BHADRA Group Launches Boutique Luxury Homes - 'BHADRA LANDMARK - Jayanagar' in Bengaluru

Bengaluru, Karnataka, India – A fully integrated real estate company, BHADRA Group has launched a boutique luxury project ‘BHADRA LANDMARK – Jayanagar’, in one of South Bengaluru’s most beautiful, cosmopolitan residential areas. This is the newest addition in the Group’s existing bouquet of real estate projects in Bengaluru.

Speaking on the latest project, Mr. SARVESHAA S B, Managing Director, BHADRA Group said: "From the very beginning, we have been committed towards delivering finest quality construction while adopting technologies and processes that minimize the impact on the environment. Today, South Bangalore is the emerging hotspot for real estate investors due to its strong macroeconomic dynamics, solid infrastructure and return on investment. With our expertise in building luxury boutique homes and our innate passion for creating world-class spaces for our customers, we are well placed to cater to the demands of today’s customers who are ready to explore newer ways of modern living.”

Located at Jayanagar 4th Block, Bengaluru, this spacious boutique home residential project will ensure that each resident benefits from being part of a contemporary, stylish and exclusive development. It is strategically positioned within Bengaluru's up market areas.  
 
The unique design philosophy of ‘BHADRA LANDMARK- Jayanagar’ is reflective of both luxury and a commitment to sustainable living. Every home is remarkably designed to be distinctive, vibrant, while being part of an eco-conscious community. An array of AI-based devices at ‘BHADRA LANDMARK -Jayanagar’, makes this project safe, energy-efficient and sophisticated. Moreover, thoughtfully designed features such as customizable controls for lighting, temperature control and safety systems will enhance customer experience. This range of boutique homes also offers spacious living & dining areas, airy bedrooms, and excellent natural light and cross-ventilation amongst host of other amenities.
 
‘BHADRA LANDMARK- Jayanagar’ homes are ranging from 3 BHK (2000 sq. ft.) to 4 BHK (4000 sq. ft.) residential spaces with remarkable attention to detail. This residential project is in close proximity to various educational institutions, healthcare facilities, workspaces, business hubs, shopping and entertainment hotspots, hotels, places of worship, all of which comes at a starting price of Rs. 4.5 crores.

About BHADRA GROUP
 
BHADRA Group is a process driven fully integrated real estate and construction company in Bengaluru. It has over a decade of experience in developing premium living spaces with innovative intelligent design, smart finish, and sustainable practices. For more information, visit- www.bhadragroup.com 

Bengaluru, Karnataka, India –  A fully integrated real estate company, BHADRA Group has launched a boutique luxury project ‘BHADRA LANDMARK – Jayanagar’, in one of South Bengaluru’s most beautiful, cosmopolitan residential areas. This is the newest addition in the Group’s existing bouquet of real estate projects in Bengaluru.

Speaking on the latest project, Mr. SARVESHAA S B, Managing Director, BHADRA Group said: "From the very beginning, we have been committed towards delivering finest quality construction while adopting technologies and processes that minimize the impact on the environment. Today, South Bangalore is the emerging hotspot for real estate investors due to its strong macroeconomic dynamics, solid infrastructure and return on investment. With our expertise in building luxury boutique homes and our innate passion for creating world-class spaces for our customers, we are well placed to cater to the demands of today’s customers who are ready to explore newer ways of modern living.”

Located at Jayanagar 4th Block, Bengaluru, this spacious boutique home residential project will ensure that each resident benefits from being part of a contemporary, stylish and exclusive development. It is strategically positioned within Bengaluru's up market areas.  
 
The unique design philosophy of ‘BHADRA LANDMARK- Jayanagar’ is reflective of both luxury and a commitment to sustainable living. Every home is remarkably designed to be distinctive, vibrant, while being part of an eco-conscious community. An array of AI-based devices at ‘BHADRA LANDMARK -Jayanagar’, makes this project safe, energy-efficient and sophisticated. Moreover, thoughtfully designed features such as customizable controls for lighting, temperature control and safety systems will enhance customer experience. This range of boutique homes also offers spacious living & dining areas, airy bedrooms, and excellent natural light and cross-ventilation amongst host of other amenities.
 
‘BHADRA LANDMARK- Jayanagar’ homes are ranging from 3 BHK (2000 sq. ft.) to 4 BHK (4000 sq. ft.) residential spaces with remarkable attention to detail. This residential project is in close proximity to various educational institutions, healthcare facilities, workspaces, business hubs, shopping and entertainment hotspots, hotels, places of worship, all of which comes at a starting price of Rs. 4.5 crores.

About BHADRA GROUP
 
BHADRA Group is a process driven fully integrated real estate and construction company in Bengaluru. It has over a decade of experience in developing premium living spaces with innovative intelligent design, smart finish, and sustainable practices. For more information, visit- www.bhadragroup.com 

Japanese Kansai Nerolac Paints has acquired the entire 28th floor measuring 35,000 sqft at Marathon Group’s flagship project at Lower Parel, Marathon Futurex, for setting up its India Headquarters in a deal worth Rs. 85 Cr

Mumbai, Maharashtra, India – The Kansai Nerolac deal is one of several large ticket transactions that have happened at Marathon Futurex in the last few years, with Essel Group having purchased 2.2 lac sqft in a deal worth Rs. 400 Cr, IDBI Federal Life Insurance inking a deal worth Rs 111 Cr, and HPCL purchasing space worth Rs. 120 Cr. Marathon Futurex has emerged as a preferred destination for MNC's looking to set up their India Headquarters and is host to marquee names like L'Oreal, Diageo, Thomas Cook, and also large Indian companies like Zee, SBI Capital, and more.

 
Marathon Futurex is being developed in phases, with the Occupation Certificate received up to the 31st floor. The project has over 10 lakh sqft of operational spaces already, and 14 lakh sqft of total potential. Approximately 7000 office-goers work at Futurex. At a proposed height of 38 storeys, Futurex will be one of the tallest commercial projects in the country once completed. The project enjoys great connectivity - the monorail station, the western line railway station, and the central line railway station are all just a minute's walk from the project. 
 
"Amongst the key decision factors for the Kansai Nerolac team was the excellent connectivity the project enjoys, with easy access to public transport hubs and also via road to the Eastern and Western Express highways as well as to Navi Mumbai. The connectivity makes it easier to attract and retain talent from all over the city. The large columnless floor spans which result in higher efficiency and uninterrupted sea views were also a differentiating factor." said Mr. Samyag Shah, Director, Marathon Group.
 
Commercial real estate boom
 
The deal comes at a time when large commercial real estate transactions are gaining momentum again post the pandemic slump, with more organizations now returning to offices.
 
"In the last 18 months, we've clocked a revenue of over Rs. 200 Cr at Marathon Futurex. The demand for Grade A offices spaces remains robust," said Mr. Samyag Shah.
 
As per property consultants JLL's recent research, the commercial market in Mumbai has seen a resurgence in the second half of the year, with over 30lac sqft of leasing absorption in the second of 2021, after a muted first half which saw absorption of 8lac sqft.

About Marathon Group
 
Marathon Realty is a 52 year old real estate developer that has completed over 80 projects in Mumbai. The Group is currently developing several townships, affordable housing projects, commercial spaces, retail spaces and luxury residential projects with projects across the Mumbai Metropolitan Region.
 
Learn more at marathon.in