Torbit Spotlight 2 April 2023

 Keystone Realtors’ Rustomjee Seasons Gets Full  OC

With Rustomjee Seasons,  in the heart of the BKC Annexe, getting occupancy for its last tower, it marks the completion of this prime and finest gated community.

Launched in 2015 and spread across 3.8 acres of land, Rustomjee Seasons consists of 6 towers along with 20+ modern lifestyle amenities. Rustomjee Seasons has been home to top professionals including  CEOs, CXOs, & the likes. It’s been a first choice in the neighbourhood amongst the corporate honchos. With over 400 families residing at Rustomjee Seasons, this project  offers great access and connectivity to all parts of Mumbai. Built on the core of design thinking, this project has elevated offerings including design concepts by ace architect and interior designer – Alfaz Miller.

Talking about the completion, Boman Irani, CMD, Rustomjee Group , said, “Rustomjee Seasons has been one of our most successful projects built on our philosophy of building healthy communities. It was designed & built with the intention of bringing like minded people together and providing them with unique spaces where interactions and relationships can flourish. Home owners have benefited tremendously from this project and we have seen our buyers enjoy a great upgraded lifestyle in a cohesive community. The buyers have also benefitted from high rental yields at Rustomjee Seasons.

In 2022, the project not only won the award for Best Redevelopment Project of the Year but also No.1 Selling Project by value in the neighborhood by CRE matrix for the second quarter of the year. With bespoke amenities like a mini theatre,  maze garden, alfresco dining,  forest walk,  performance zone and an open to sky podium apart from a senior citizen zone, a toddler’s creative studio, multipurpose courts, indoor games zone, gymnasium and a swimming pool, Rustomjee Seasons promises an elevated standard of living for all its members.

Runwal Group and  Casagrand Group Plan Rs 12500  Crore Expansion Plan

Mumbai’s leading developer Runwal Group and Bangalore’s Casagrand group have  chalked out  ambitious expansion plans with their entry into commercial real estate.

Runwal Group’s plan involves developing over 10.5 million sq ft office space with an initial investment of Rs 4500 crore by 2027.On the  anvil are  three commercial real estate projects including two in Mumbai – Runwal Commerz at Kunjumarg  and Runwal Edge at Dombivili  and one in Pune at Viman Nagar.

These will be mixed use  campus style developments – premium residential developments with retail offerings. .Runwal Commerz, spread over 13 acres will be a part of the Runwal City Center, a 36-acre integrated township and have a total of 3.5 million sq ft commercial development  spread across three towers. Like Runwal Commerz, Runwal Edge will also be a part of a mega integrated township – Runwal Gardens spread over 115 acres. This project will be developed in three phases. The third commercial project planned by Runwal group in key commercial locality of Pune-Viman Nagar, will have a development potential of 1.5 million sq ft  over 10-acre land. All these projects will be sustainable developments, with walk to work concept with a focus on healthy living.

Casagrand has  made its entry into commercial real estate with a plan to invest Rs 8000 crore in the next five years. Casagrand Group’s subsidiary company-Casagrand Commercial will undertake development of 10 million sq ft of  commercial and retail spaces by 2027. Its plan involves acquiring 100 acres of land  parcels across South to develop commercial realty , beginning with the launch of  2 million sq ft  commercial space in Chennai . The company intends to develop commercial spaces in Bangalore and Hyderabad also besides other metro cities.

CBRE Tops in Real estate Investment Sales

CBRE has got the distinction of being ranked as the number one firm for commercial real estate investment sales in India for the seventh consecutive year. CBRE has been credited by MSCI Real Estate with a 63% market share and leading investment sales in India for office (95%) , development site/land(63%) and industrial (57%).

CBRE was also the top-ranked firm for commercial real estate investment sales globally  during 2022., the 12th consecutive year to claim top honours. MSCI Real assets credited CBRI with a a 23.4%  market share across all property types on a global basis in 2022- a 740 basis point lead over the nearest competotor. CBRE held the top spot in MSCI  Real Assets’ global rankings across five largest asset classes of office (25.8% market share), industrial (31.3%), retail (23.5%), multifamily(17.8%) and hotels(20%).

In addition to being number one globally, CBRE held the top spot for commercial real estate investment sales in Asia Pacific with a 33.9% market share.