The real estate market at Rustomjee Chembur has witnessed significant growth in recent times, defying the general trend of a sluggish market. Despite the challenges posed by the COVID-19 pandemic, Rustomjee has persevered and registered impressive growth records. This blog aims to highlight the recent growth trends in the real estate market at Rustomjee Chembur, exploring the factors contributing to this growth and the implications for the future.

45% Growth in Value of Transactions

One of the most notable trends in the real estate market at Rustomjee Chembur is the impressive 45% growth in the value of transactions till January 2021 compared to the same period the previous year. This growth is expected to increase to 60% by the end of the financial year, driven by the government's initiative to reduce stamp duty till March 31, 2021. This reduction in stamp duty is expected to result in a further increase in sales in the last quarter of this financial year, making it an attractive time for buyers to invest in the market.

20% Unit Growth

In addition to the growth in value of transactions, Rustomjee Chembur has also seen a significant 20% growth in unit sales in January 2021 compared to the same period the previous year. This growth is expected to increase to 30% by the end of the financial year, indicating a strong demand for residential properties in the area.

Government Support

The government's initiative to reduce stamp duty has been a significant factor in driving growth in the real estate market at Rustomjee Chembur. This reduction in stamp duty has made it more affordable for buyers to invest in the market, leading to an increase in sales and a boost to the overall economy.

Joint Ventures and New Projects

Rustomjee has also entered into a joint venture with Keppel Land to develop an integrated township in Thane, which is expected to further boost the growth of the real estate market in the region. This joint venture is a testament to the group's commitment to expanding its portfolio and exploring new opportunities in the real estate sector.

Occupancy Certificate and Timely Delivery

Rustomjee Seasons, a gated community project, has received the occupancy certificate for its last tower, marking it as fully ready. Launched in 2015, Rustomjee Seasons has been one of the fastest-constructed projects, with the fastest slab cast in as low as seven days. This timely delivery of projects is a significant factor in driving growth in the real estate market at Rustomjee Chembur, as it provides buyers with a sense of security and confidence in the developer's ability to deliver quality projects on time.

Awards and Recognition

Rustomjee has also received recognition for its efforts in the real estate sector. The group won the Top Builder – West Region award at the Construction World Architect & Builder Awards 2022, further solidifying its reputation in the industry. This award is a testament to the group's commitment to quality and timely delivery of projects.

Conclusion

In conclusion, the real estate market at Rustomjee Chembur has witnessed significant growth in recent times, driven by factors such as government support, joint ventures, timely delivery of projects, and awards and recognition. These trends indicate a positive outlook for the real estate market at Rustomjee Chembur, making it an attractive time for buyers to invest in the area.