Rustomjee plans more Rs 5 crore projects, finds Rs 1–Rs 3 crore in high demand
Rustomjee is sharpening its focus on the city’s premium housing market, announcing plans to introduce more projects in the ₹5 crore price bracket while continuing to serve the consistently strong ₹1–₹3 crore housing segment. The company’s strategy reflects a dual approach aimed at capturing two distinct but lucrative sections of Mumbai’s homebuyer base. The ₹5 crore category is designed to cater to affluent buyers seeking spacious layouts, top-tier amenities, and prime locations.
These projects, often located in central and western suburbs, target high-net-worth individuals and professionals willing to invest in luxury living with a strong emphasis on lifestyle. However, company executives acknowledge that the city’s housing demand remains deeply anchored in the ₹1–₹3 crore range. This segment has long been a preferred choice for Mumbai’s upwardly mobile middle and upper-middle-class families, offering a balance between affordability, location, and quality. The developer believes this category will “always be the darling of Mumbai’s residential market,” given its broad appeal and steady absorption rate. Industry analysts note that Mumbai’s real estate market is witnessing a noticeable shift in demand patterns. While luxury housing above ₹5 crore has gained momentum post-pandemic, thanks to rising incomes and a surge in NRI investments, mid-luxury housing in the ₹1–₹3 crore range continues to drive overall sales volumes. This sustained demand is supported by a combination of factors, including stable interest rates, favourable government policies such as stamp duty concessions, and developers offering flexible payment plans.
Rustomjee’s upcoming ₹5 crore projects are expected to feature larger apartment sizes, modern designs, and curated community spaces to match global lifestyle standards. The developer also plans to integrate sustainable design elements and advanced home automation technologies, aligning with the growing preference for environmentally conscious and tech-enabled living. At the same time, the firm is preparing new launches in the ₹1–₹3 crore category, particularly in emerging residential hubs well-connected to business districts. These projects will focus on optimising usable space, enhancing amenities, and offering value-driven propositions for end-users. By diversifying its offerings across both premium and mid-luxury categories, Rustomjee aims to strengthen its position in Mumbai’s competitive real estate market. This approach allows the developer to hedge against market fluctuations while tapping into two demand-driven segments—affluent buyers upgrading to luxury and mid-income households seeking their first or second homes.
With multiple project announcements expected in the coming quarters, the company is positioning itself to benefit from Mumbai’s resilient property market and the evolving aspirations of its residents.
Rustomjee plans more Rs 5 crore projects, finds Rs 1–Rs 3 crore in high demand
