Rustomjee Group Launches New Housing Project in Dombivli Near Mumbai

In a major move in Mumbai's real estate scene, Rustomjee Group has decided to launch its upcoming residential project in Dombivli, Thane district. Called Urban Woods, it is anticipated that this project will have a significant impact with a gross development value (GDV) of ₹1,800 crore with 1, 2 and 3 BHK homes in several phases.

Project Overview

The Rustomjee Group- also known as Keystone Realtors- has established its reputation over many years for producing quality real estate developments throughout India. Urban Woods aims to further solidify Rustomjee's presence in the marketplace by providing an affordable yet sophisticated housing option in the Greater Mumbai suburbs. The project features four towers housing 873 total units, and is expected to present a robust revenue opportunity.

Boman Irani, Chairman and Managing Director of Rustomjee Group, underlined that Dombivli is fast becoming the next residential hub. He added that this project is priced much more favorably than properties in Thane and Mumbai, and with all the infrastructure development taking place, it will have capital appreciation in the years to come. "We want to provide a complete living experience where lifestyle amenities combine with carefully designed homes. This launch confirms our alignment with the needs and desires of serious homebuyers," he said.

Also Read: Housing Sales Forecast for Q1 2025: A 23% Drop Amid High Prices and Geopolitical Risks

Key Features of Urban Woods

Urban Woods is designed to cater to the evolving needs of modern families, especially first-time homebuyers and growing households. The development will feature:

• Variety of Unit Options: A mix of 1, 2, and 3 BHK residences allows buyers to choose layouts that best suit their needs.
• Modern Amenities: The project will include balconies, a well-equipped clubhouse, and other lifestyle amenities to ensure a comfortable living experience.
• Community Living: Rustomjee Group plans to create a thriving community where residents can enjoy both privacy and social connectivity, with ample open spaces and dedicated recreational areas.
  

Location and Connectivity Advantage

One of the standout aspects of Urban Woods is its strategic location in Dombivli, which offers several benefits:

• Affordability: Dombivli provides a price advantage compared to the central markets of Thane and Mumbai, making it an attractive option for homebuyers.
• Future Infrastructure: The project is poised to benefit from upcoming infrastructure developments such as the Taloja Metro Line 12, Mumbai-Ahmedabad Bullet Train, Mumbra-Panvel Highway expansion, and the Mankoli-Dombivli Bridge. These projects will significantly enhance connectivity to Thane, Navi Mumbai, and other key commercial hubs.
• Peaceful Living: Situated away from the congestion of the main highways, the location promises a more serene and balanced living environment.

Conclusion

The debut of Urban Woods represents an important accomplishment for the Rustomjee Group as it broadens its residential portfolio in the busy Mumbai real estate market. With a projected GDV of ₹1,800 crore, Urban Woods is anticipated to not only yield good returns, but also set benchmarks for modern housing and community living. For homebuyers and investors, the development presents a wonderful opportunity to invest in a great project that is strategically positioned in a growing residential market.

Rustomjee Group is committed to innovating and delivering quality projects, Urban Woods will pioneer the future of residential living in the outskirts of Mumbai, ensuring that ther traditions of excellence live on.

Also Read: Income Tax Changes for Homebuyers Take Effect on April 1