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
Indian Real Estate Sees Resurgence in Private Equity Investments
Private equity investments in Indian real estate surged 15% YoY to USD 3 billion in H1 2024, driven by growth in warehousing and residential sectors.
Government Offers Flexibility to Taxpayers on Capital Gains Tax for Real Estate Transactions
In a move to simplify tax calculations, the government has introduced an option for taxpayers to compute capital gains tax on real estate transactions. This change is expected to benefit property sellers and reduce disputes over tax liabilities.
Small Cities, Big Opportunities: How Tier-2 and Tier-3 Cities are Revolutionizing the Real Estate Market
Mid-tier cities like Faridabad, Lucknow, Vrindavan, Ludhiana, Chandigarh, Indore, Dehradun, and Jaipur are becoming hotspots in the real estate market, offering a low-cost, peaceful life and high returns on investment.
Pre-Budget Expectations for the Real Estate Sector in Maharashtra
MahaRERA appoints NAREDCO Maharashtra as the first self-regulatory organization. The Maharashtra Real Estate Regulatory Authority makes a significant step towards ensuring transparency and accountability in the real estate sector.
Barbara Corcoran to Headline Kinexions 2025: A Premier Supply Chain Conference
Real estate mogul and entrepreneur Barbara Corcoran will take center stage at the premier supply chain conference of the year in Ottawa, Ontario, Canada.
Housing Sales Surge in India's Top 15 Tier-II Cities by 20% in Value
Coimbatore leads the growth with a 36% increase in sales volume, while Visakhapatnam's real estate market experiences a 21% downturn.