Rustomjee Group Expands into Data Centers and Plotted Developments
Rustomjee Group plans to foray into data centers and launch plotted development projects
Data CentersPlotted DevelopmentsRustomjee GroupMumbai Metropolitan RegionRedevelopmentReal Estate PuneMay 27, 2024
The company, currently active in the redevelopment space in the Mumbai Metropolitan Region (MMR), has added 15 new developments in the last two financial years, with 12 being redevelopments. This solidifies its position as a leader in the redevelopment space.
Rustomjee Group plans to raise funds via qualified institutional placement (QIP) of equity shares. Irani believes that the company will continue to grow in the MMR area, which has tremendous potential. He is open to welcoming other developers into the Mumbai market, citing its deep and wide market.
The company is exploring plotted developments and data centers to serve various segments in the micro market. Data centers, in particular, have huge potential in India, with the industry set to witness remarkable growth and attract investments worth $5.7 billion.
Rustomjee Group is also planning to launch its first plotted development project in Kasara Ghat near Igatpuri and another project in Manori, Mumbai. The company believes that Pune might become a sister city to Mumbai, with its growth potential increasing over time.
Rustomjee Group, a listed real estate developer, has been active in the redevelopment space in the Mumbai Metropolitan Region (MMR). The company has added 15 new developments in the last two financial years, with 12 being redevelopments.
Keystone Realtors Ltd, also known as Rustomjee Group, is a listed real estate developer with a strong presence in the Mumbai Metropolitan Region (MMR). The company has been active in the redevelopment space and is now planning to diversify into data centers and plotted developments.
Frequently Asked Questions
What is Rustomjee Group planning to foray into?
Rustomjee Group is planning to foray into the data centers segment and launch plotted development projects
What is the potential of data centers in India?
The data center industry in India is set to witness remarkable growth with projections of adding 791 MW capacity by 2026 attracting investments worth $5 7 billion
What is Rustomjee Group's current business activity?
Rustomjee Group is currently active in the redevelopment space in the Mumbai Metropolitan Region (MMR)
What is the company's plan for raising funds?
Rustomjee Group plans to raise funds via qualified institutional placement (QIP) of equity shares
What is the company's outlook on the Mumbai market?
Rustomjee Group believes that the Mumbai market has tremendous potential and will continue to grow with Pune potentially becoming a sister city to Mumbai
Related News Articles
Tragic Loss: Brandon Miller, Husband of Candice Miller of Mama and Tata, Commits Suicide
Brandon Miller, a prominent figure in the New York City real estate market, has died. Many are shocked and saddened by the news, which is believed to be a result of suicide.
Nielsen Media Leases 1.52 Lakh Sq Ft Office Space in Mumbai for ₹3.87 Crore
Nielsen Media and its subsidiary Whats On Media have leased a massive 1.52 lakh sq ft office space in Commerze III, a project by Oberoi Realty, in Mumbai for a starting monthly rent of ₹3.87 crore.
Haryana and Jammu & Kashmir Assembly Election Dates Announced by EC; Results to be Declared on October 4
The Election Commission of India has announced the dates for the Haryana and Jammu & Kashmir assembly elections. The polls will be held in a single phase on October 21, and the results will be declared on October 4.
Why the Heck Not?: KP Singh's Inspiring Journey in Real Estate
In his latest book, 'Why the Heck Not?', KP Singh shares his bold vision, life philosophy, and valuable lessons from a successful career in real estate.
From Neglected Suburb to Prime Destination: Lodha Transforms Kothrud
Lodha Group's ambitious projects in Kothrud, Pune, have not only revolutionized the real estate market but also revitalized the area, making it a sought-after destination. This transformation includes sanitizing and beautifying the streets to enhance comm
Prabhat Road Leads Pune's Real Estate Market, Erandwane Sees Highest Flat Prices
Pune, 2nd April 2025: Prabhat Road has emerged as the most expensive locality in Pune for land prices, reaching ₹86,710 per square meter (₹8,056 per square foot). Erandwane commands the highest flat prices, reflecting the city's dynamic real estate landscape.