For its foray in plotted development space
Keystone Realtors (Rustomjee) announced its foray into Plotted Development with the acquisition of ~88-acre land parcel in Kasara. This lush green land, nestled amidst scenic beauty of mountains, marks the first significant step in expanding Rustomjee's portfolio to cater to the growing demand for second homes away from the metropolitan hustle.The Kasara project would comprise of around 500 plots of different sizes, totaling approximately 1.5 million square feet. This project is set to redefine luxury living in tranquil surroundings. The total consideration for the land purchase is Rs. 91 crore, with Rs. 1 crore already paid and the remaining Rs. 90 crore to be paid in a staggered manner over the next 2 years. The company has already applied for RERA registration and plan to launch the project in the current quarter, Q2FY25.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app