Affordable housing project over 2 million sq ft space planned by Rustomjee Group
Leading real estate developer & builder, Rustomjee Constructions Private Limited has entered into an agreement to jointly develop a nearly 2 million sq ft affordable residential project. The project would be developed on a 12-acre land parcel in Kalyan, near Mumbai. The firm has entered into this development agreement with three local landlords through one of its subsidiaries, Keyblue Realtors, which will undertake the execution of the proposed project.
As per the agreement the developer will be sharing 21 percent of the developed built-up space of the proposed project with the landlords as their compensation.
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