Rustomjee Group Launches ₹1,750 Crore Luxury Residential Project in Thane

The Rustomjee Group, under its brand Keystone Realtors, has recently unveiled a new luxury residential project, "Verdant Vistas," in Thane, an emerging real estate hotspot near Mumbai. This project, developed in collaboration with Singapore-based Keppel, marks a significant milestone for Rustomjee Group, as it ventures into the luxury housing segment in Thane. The project is set to have a Gross Development Value (GDV) of ₹1,750 crore, highlighting its scale and ambition.

Expanding Thane's Real Estate Horizons

Thane has been rapidly developing as a preferred destination for homebuyers and investors alike, driven by its strategic location and improving infrastructure. The launch of Verdant Vistas comes at a time when Thane’s real estate market is witnessing heightened demand for luxury residential properties. This demand is fueled by the city’s enhanced connectivity to Mumbai, Navi Mumbai, and other parts of the Mumbai Metropolitan Region (MMR), making it an attractive option for those seeking premium living spaces without the congestion of Mumbai’s core areas.

Verdant Vistas is expected to cater to this growing demand by offering 440 luxury housing units, designed to provide a blend of comfort, convenience, and exclusivity. The project, which spans two towers, offers a mix of 3BHK and 4BHK apartments, ensuring a range of options for prospective buyers. Each unit is crafted with attention to detail, ensuring that residents enjoy spacious and well-designed homes.

Key Features of Verdant Vistas

The Verdant Vistas project stands out for its focus on luxury and quality. The two towers of the project will include 176 flats in the first tower and 264 flats in the second tower, reflecting the scale of the development. The 3BHK units range in size from 1,100 to 1,300 square feet, while the 4BHK units are more expansive, ranging from 1,750 to 2,250 square feet. These apartments are designed with large sundecks that offer picturesque views of the surrounding creek, providing residents with a serene and tranquil environment.

The project is not just about luxury homes; it also offers a wide array of amenities designed to enhance the living experience of its residents. Over 25 luxurious amenities are spread across three floors, catering to the diverse needs of the residents. These amenities include a state-of-the-art gymnasium, a swimming pool, an amphitheatre, a kids’ play area, a clubhouse, and a senior citizen area. The focus on amenities reflects the project’s commitment to providing a holistic living environment where residents can relax, socialize, and enjoy their leisure time without leaving the premises.

Strategic Partnership with Keppel

The launch of Verdant Vistas is the latest in a series of successful collaborations between the Rustomjee Group and Keppel. The partnership between these two entities has been instrumental in bringing high-quality residential projects to Thane, with each company contributing its expertise and strengths. Rustomjee Group, with its deep understanding of the Indian real estate market, combined with Keppel’s extensive experience in real estate across Asia, has resulted in projects that set new benchmarks in quality and design.

This collaboration is particularly significant as it underscores the increasing appeal of Thane as a destination for luxury residential developments. The success of previous projects in the area has laid a strong foundation for Verdant Vistas, which is expected to attract considerable interest from homebuyers seeking a premium living experience in Thane.

Thane’s Real Estate Market: A Promising Future

Thane’s real estate market has been on an upward trajectory, driven by several factors including improved infrastructure, enhanced connectivity, and the availability of quality residential projects. The ongoing infrastructure projects, such as the Thane-Diva-Kalyan metro extension and the proposed Thane-Borivali underground tunnel, are set to further boost the area’s connectivity and attractiveness. Additionally, the Union Cabinet’s recent approval of a 29-kilometer-long ring Metro corridor in Thane is expected to significantly enhance intra-city connectivity, making it even more convenient for residents to commute within the city and to other parts of the MMR.

These infrastructure developments are likely to have a positive impact on real estate values in Thane, with the current per square foot rate in the city ranging between ₹10,000 and ₹25,000, depending on the location. This makes Thane a competitive market for real estate developers, who are keen to capitalize on the growing demand for premium housing in the area. Rental values in Thane are also robust, with rates for a 2BHK apartment ranging between ₹20,000 and ₹45,000 per month, indicating strong investor interest in the market.

The launch of Verdant Vistas by Rustomjee Group is a significant development in Thane’s real estate market. As the group’s first luxury project in this region, it is expected to set new standards for upscale living in Thane. The project’s strategic location, combined with its comprehensive range of amenities and meticulously designed apartments, positions it as a desirable option for homebuyers seeking luxury, comfort, and convenience.

Image source-rustomjee.com