Rustomjee Global City Virar West Mumbai | Price | Location

RUSTOMJEE GLOBAL CITY Virar West, Mumbai

WHY SHOULD YOU INVEST IN RUSTOMJEE GLOBAL CITY? PROJECT OVERVIEW Spread across an area of 200 acres, Rustomjee Global City is one of the biggest township development in Mumbai. The new project in the township-Rustomjee Avenue L1- gives you an opportunity to invest in a luxurious lifestyle starting just at Rs 35.5 Lakhs.

The project offers a price range of ₹35.5 Lakhs- ₹44.9 Lakhs 1 & 2 BHK available from 389 to 512 Sq. Ft. Exclusive 10:90 Payment Plan Book now at ₹1.5 Lakhs.

Fully Operational 12 Acre Amusement Park- Yazoo Park 20 minutes from National Highway-8

Sports & Outdoor

Green Area

Club House

Fitting & Furnishings

Specifications

PROJECT HIGHLIGHTS Gymnasium, Yoga & Meditation Zone BIGGEST CLUBHOUSE OF 2.35 LAKH Sq. Ft.

Banquet Hall Double Height Bar Swimming Pool, Kid’s Pool Chess & Carrom Room

3 SEWAGE TREATMENT PLANTS

Tennis Court, Basketball Court, Football Court, Squash Court, Billiards Room Kid’s Play zone

37,000 Sq. Ft. BASEMENT PARKING

Food Court Guest Suites

PROPERTY DETAILS AVENUE L1 HAS A & B WING CONFIGURATION

TOTAL CARPET AREA (Sq. Ft.)

PRICING

1 BHK

389

₹35.5 Lakhs

2 BHK

512

₹44.9 Lakhs

* Prices Inclusive of GST, stamp duty and registration This is a project pricing as on 1 April, 2020

RUSTOMJEE GLOBAL CITY Virar West, Mumbai

MARKET ANALYSIS- RUSTOMJEE GLOBAL CITY VS OTHERS • A look at the available projects in Virar reveals that most of the new projects in the locality are being developed by small city-based developers. Rustomjee is the only well known brand offering a project at a starting price of Rs 35 Lakhs.

• Further, As Rustomjee is also known for delivering luxury projects, quality of construction is top notch and the same is visible in Garden City as well.

• The only comparable brand offering projects in the same vicinity is Shapoorji Pallonji. However, the project offers same sized units at a 10-20% higher price bracket.

DEVELOPER NAME

PROJECT NAME

BHK

TICKET SIZE (Sq. Ft.)

PRICING (IN LAKHS)

Shapoorji Pallonji

Joyville Virar

1 BHK | 2 BHK

430 | 595

₹ 39 | 55

Rustomjee

Global City

1 BHK | 2 BHK

430 | 552

₹ 35.5 | 44.9

MICRO-MARKET ANALYSIS: WHY VIRAR Multiple upcoming infra-projects, rail connectivity and relatively affordable projects as compared to other parts of Mumbai makes Virar an ideal destination for investment.

Studio 1%

Connectivity Virar is the starting point of the western line of the suburban railways providing easy access to Mumbai It is also one of the 12 stations on the proposed bullet train from Mumbai to Ahmedabad Mumbai Metro Line-9 from Dahisar to Mir Road to be extended till Virar

Apartments 99%

Social and civic infrastructure The social infrastructure around the location is also well established with various educational institutions, hospitals, retail brands and financial institutes. There are more than 1000

Property Type Split

retail brands present in the location, around 15 hospitals and around 20 banks.

4 BHK 1%

Capital and Rental Trends

3 BHK 6%

At present, the capital values in the locality vary between ₹6,000-7,000/Sq.Ft. The average rental value for a 1 BHK varies from ₹7,000 - 8,000 per month approximately while one can rent out a 2BHK for about ₹14,000-15,000 per month.

2 BHK 47% 1 BHK 46%

Scope of Growth Virar is a part of the MMRDA make over plan. A plethora of road and infrastructure is proposed in the future. Apart from the

BHK Wise Split

proposed metro line, a 12Km corridor between Virar and Alibaug is planned. This will enhance connectivity in the location.

Above ₹1Cre 9%

Also, the location has multiple under-construction projects. Once these near possession, the capital values in the locality would witness an upward trend. As per market sources, values are expected to appreciate by 20-30% in the next three years.

Further, the locality has almost the same the supply of 1 and 2 BHK units. There is always more demand for smaller units on

₹30-60 Lakh

₹60-100 Lakh 13%

57%

₹0-30 Lakh

22%

rent. Hence projects in the location will always witness steady demand for rent.

Budget Wise Split

AVERAGE COST/SQ.FT: ₹5,870

RUSTOMJEE GLOBAL CITY Virar West, Mumbai

10 minutes away from the Virar station

75 minutes away from the international airport

15 minutes away from NH8

80 minutes away from BKC

55 minutes away from Borivali

SIDDHI VINAYAK MANDIR

RUSTOMJEE CAMBRIDGE INTERNATIONAL SCHOOL

GLOBAL CITY

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BARONDA DEVI MANDIR

PHOOLPADA RD.

STATE BANK OF INDIA

GREENHILL RESORT

BELGIUM WAFFLES

TIRUPATI NAGAR

RELIANCE TRENDS, FRESH & DIGITAL WOODLAND THEATRE .

RD HI AS G A

SWAMI SAMARTHA NAGAR

SANJEEVANI HOSPITAL

VIRAR RAILWAY STN.

DHANIV BAUG

WAKAN PADA

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PELHAR

VARTA

KIDZEE

JIVDANI MANDIR

SRI GANESH MANDIR

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GAUSIYA MASJID

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1.4 KM McDONALD's

NARAN ST. XAVIER’S HIGH SCHOOL

STE RN

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BIG BAZAAR

MERWANS CAKE SHOP

SHIV MANDIR

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VIVA ENGINEERING COLLEGE

KHAIRPADA

GOVARI NAGAR

PARAS HOSPITAL

ICICI BANK D-MART

VIRAR PHATA BUS STOP

JIV

PODAR KIDS SCHOOL

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YAZOO PARK

HANUMAN MANDIR

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AVENUE L1

ABOUT DEVELOPER Rustomjee is one of the Mumbai’s well-known developer and one of the most rewarded developer too. They have been rewarded with “Best Urban Development Project” at the 4th GIREM Leadership Awards in 2011, “Integrated Township of the year” at the Realty plus Excellence Award in 2012 and CNBC Awaaz Real Estate Awards, Affordable Segment in 2013. Having developed 10 million sq.ft. of premium townships, corporate parks, retails spaces including over 8500 homes with a special focus on Mumbai Metropolitan region, their aim is to add another 13 million sq. ft. to the portfolio in the next five years. They have already delivered multiple projects in Borivali, Kandivali, Matunga, Bandra, Andheri, Santa Cruz, Malad and many more locations in Mumbai.

Rustomjee lays emphasis on adding values to the lives of their homeowners through thoughtfulness- whether in their core business, their CSR initiatives and philanthropy. They have strived to ensure every blueprint includes child friendly spaces for parks, playgrounds, and learning rooms and done so with the help of child psychologists and trained specialists.

WEBSITE :

https://www.squareyards.com/mumbai-residential-property/rustomjee-global-city/3114/project

PROJECT RERA NO :

MahaRERA P99000018622

SQUARE YARDS RERA NO : REA REG No #A51800000454

RUSTOMJEE GLOBAL CITY Virar West, Mumbai

PAYMENT PLAN 10:90 Payment Plan It is a plan where you can book the property by paying 10% and remaining 90% to be paid on possession. This is explained in the below table w.r.t to Rustomjee Global City where we have taken the price of project as ₹35.5 Lakhs Product price: ₹35,50,000

Stages of Construction

Amount to be paid

% Due as per CLP

On Booking

10%

₹3,55,000

On Possession

90%

₹31,95,000

100%

₹35,50,000

Total

ROI calculation on this asset is explained in details below: ROI in 10:90 Plan (only 10% + SDR) Property Details

Initial Investment

Net Profit & ROI on Selling at Possession Remaining

SDR+

AV-

Net Profit on

Price of Property after 1.5

90% Payment

Sale of the

Years (at possession)

at the time of

Property at

@10% Appreciation Per

possession (G)

Possession

=(C-D)

(H)=(F-E-G)

(H/E%)

Carpet

Price Point

GST Amt

Aggrement

10% of

Total Initial Investment

Typology

(Sq Ft)

(A)

(B)

Value (C)

AV (D)

(E)=(B+D)

1 BHK

389

35,50,000

2,51,000

31,00,000

3,10,000

5,61,000

41,00,250

27,90,000

7,49,250

134%

2 BHK

512

44,87,284

3,10,500

39,50,000

3,95,000

7,05,500

51,82,813

35,55,000

9,22,313

131%

Year (F)

ROI after 1.5 Years

Thus, within 1.5 years of investment the property yields a ROI of more then 130%. In addition, the asset will continue to witness capital appreciation in the coming years.