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
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