Rustomjee Group records Rs. 2680 crores business for the year 2021-22 accounting to 78 percent Y-o-Y Growth
Apr 18, 2022
Mumbai (Maharashtra) [India], April 18 (ANI/BusinessWire 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 percent 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 percent 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, 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.
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