Mumbai’s luxury real estate market is in high demand, particularly among Non-Resident Indian (NRI) investors. They are gravitating toward luxury residences in Bandra, Juhu, and Thane, drawn by access to limited-edition homes, ready-to-move OC-received projects, and exclusive early-buyer advantages.
Rustomjee, a developer with over 29 years of legacy, offers premium luxury developments in sought-after locations like Bandra, Juhu, and Thane. As Mumbai’s infrastructure boom fuels strong appreciation and rental demand, these luxury developments stand out as a meaningful reconnection to India with exceptional ROI.
Why Do NRI Buyers Trust Rustomjee for Luxury Living in Mumbai?
When it comes to luxury apartments in Mumbai, NRIs consistently place their trust in Rustomjee, a benchmark for quality and credibility, delivering landmark developments across the city’s most desirable neighbourhoods.
- MahaRERA Compliance: All Rustomjee projects are registered under the Maharashtra Real Estate Regulatory Authority (MahaRERA), guaranteeing transparency and timely possession.
- NRI-Friendly Services: Rustomjee offers dedicated services for NRIs, including assistance with NRE/NRO accounts, property management, leasing, and remote documentation processes.
- Financial Assistance: We offer customized banking schemes tailored to your needs and manage the home loan process from login and sanction to disbursal.
- CREST: Be at peace with a dedicated on-site property management team that keeps your residence as pristine as the day you moved in.
- Fifth Wall Designs: Beautiful interior design curated exclusively for you. Fifth Wall Designs transforms your space with personalized aesthetics and high-end finishes.
- Lease SMART: Rustomjee’s professionals help identify quality tenants, manage lease agreements, and help with steady rental income.
Bandra West: Mumbai’s Most Prestigious Address for Luxury Apartments
Bandra West, often referred to as the “Queen of Suburbs,” is renowned for its exclusivity and celebrity residences, such as Shah Rukh Khan’s Mannat, Salman Khan’s Galaxy, and Pali Hill’s celebrity enclaves. The area is near the Bandra-Kurla Complex (BKC), Mumbai’s prime business district, accessible via the Bandra-Worli Sea Link.
Rustomjee Developments in Bandra West:
- Rustomjee Cliff: Offers 4-5 BHK and penthouses with sea views, starting at ₹13.40 crore. It has amenities like a rooftop infinity pool, club lounge, poolside lounge, and fitness atelier. Rustomjee Cliff Tower enjoys exceptional connectivity through the Western Express Highway, Bandra Railway Station, and the Bandra-Worli Sea Link.
- Rustomjee Panorama: A 14-storey tower featuring spacious 4 BHK homes, each spanning 2,537 sq. ft., located in the upscale Pali Hill area. It has amenities like a swimming pool, fitness area, banquet hall, and rooftop terrace.
Two homes per floor give privacy and private sundecks offering panoramic city views. There is a party deck and open-air cinema to a serene yoga deck, crafted for life’s finest moments.
- Rustomjee Crescent: Tucked away in the leafy lanes of Pali Hill, Rustomjee Crescent stands as a rare find spread across 1.2 acres of prime land. This gated estate is in the Bandra-Khar belt. It has 3 and 4 BHK apartments starting at ₹13.4 crores.
Read Also: Flats in Pali Hill, Best Real Estate Investment for NRIs in 2025-2026
Juhu: Coastal Glamour Meets Bollywood Lifestyle
Juhu is Mumbai’s equivalent of Beverly Hills, offering beachfront living with a vibrant film industry presence. The area has significant property appreciation, with a 6.9% annual growth.
The Terminal 1 airport redevelopment promises better connectivity in the upcoming days. Additionally, the proposed DN Nagar-Mankhurd metro line will improve public transport access.
Rustomjee Developments in Juhu:
- Rustomjee Elements: A 4.99-acre gated estate designed by Hong Kong-based architect James Law Cybertecture. It offers 3-5 BHK luxury flats with premium amenities like a 40,000 sq. ft. podium, tree house, multipurpose court, alfresco lounge, party deck, infinity edge pool, pilates room, yoga room, fitness centre, and indoor clubhouse.
- Rustomjee Ashiana: Rustomjee Ashiana is a boutique collection of 3 and 4-BHK luxury apartments near JVPD Circle and the Western Express Highway. The project features a limited number of units, landscaped green spaces, and thoughtfully planned amenities such as a fitness centre, swimming pool, and dedicated children’s play areas.
Thane: Affordable Luxury with World-Class Infrastructure
Thane is rapidly establishing itself as a premium yet affordable luxury destination for homebuyers seeking space, modern amenities, and is 78% cheaper than other Mumbai suburbs. With good connectivity through the upcoming Mumbai Metro Line 4 and the Mumbai Trans Harbour Link (MTHL), reducing travel time to South Mumbai, the area is attracting increasing attention from NRIs and families alike.
Rustomjee Uptown Urbania | La Vie exemplifies this new wave of Thane living, offering well-planned 2 and 3 BHK balcony homes starting from ₹1.56 Cr. Close to thriving business hubs like Powai, Vikhroli, and Ghansoli, it offers a comprehensive range of amenities, including a yoga deck, toddlers’ playground, elders’ alcove, jacuzzi pods, business centre, work-from-home pods, gymnasium, landscaped gardens, clubhouse, and 24/7 security.
Understanding NRI Property Purchase Regulations in Mumbai
Investing in Mumbai real estate requires NRIs to understand the regulatory framework is crucial. Here’s a comprehensive overview of the key regulations governing NRI property purchases in Mumbai:
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Common Questions |
Details |
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Who can purchase? |
NRIs, Persons of Indian Origin (PIOs), and Overseas Citizens of India (OCIs). |
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What are the types of bank accounts required? |
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Is a PAN Card Required? |
A Permanent Account Number (PAN) is mandatory for property transactions, tax filings, and repatriation of funds. |
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Can NRIs appoint a Power of Attorney (PoA)? |
NRIs can appoint a PoA to handle property transactions on their behalf. |
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How much can NRIs repatriate from sale proceeds? |
NRIs can repatriate up to USD 1M per financial year from the sale of residential property in India. |
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Is RBI approval required for the sale? |
NRIs can sell property to other NRIs, PIOs, OCIs, or residents without prior RBI approval. |
Financing Options: Home Loans for NRI Luxury Apartment Buyers
Buying a luxury apartment in Mumbai from overseas can feel like navigating a maze financially. Leading banks like HDFC, ICICI, and Kotak Mahindra offer NRI home loans that make owning your Mumbai residence a reality, even from thousands of miles away.
Home Loan Eligibility
Whether it’s a 2 BHK in Thane or a 5 BHK penthouse in Juhu, NRIs can secure loans covering 75-80% of the property value. Here’s what you need:
- Proof of overseas income and employment history
- NRE/NRO account statements
- PAN card and passport
- Tax returns for the last 2 years
Other Financing Sources
- Developer EMI Schemes: Many developers offer subvention schemes where the developer pays the EMI during the construction phase.
- Bank EMI Plans: Banks provide various EMI options, including step-up and fixed-rate plans, depending on the borrower’s financial situation.
Read Also: Why NRIs Should Do Real Estate Investment in India
Conclusion
Investing in Mumbai luxury real estate keeps NRIs connected with a lifestyle and strong financial returns. With trusted developers like Rustomjee, buyers benefit from transparent processes, NRI-friendly services, world-class amenities, and strategic locations in Bandra, Juhu, and Thane.
Take the first step toward owning your dream home in Mumbai. Explore Rustomjee’s luxury apartments at Rustomjee Cliff, Rustomjee Crescent, Rustomjee Panorama, Rustomjee Ashiana, or Rustomjee Uptown Urbania | La Vie today.
Schedule a site visit or connect with our dedicated NRI advisory team to make your overseas property investment seamless and rewarding.
FAQs
- Can NRIs legally purchase luxury apartments in Mumbai?
Yes, NRIs, PIOs, and OCIs can legally buy luxury apartments in Mumbai. Transactions must be conducted through NRE/NRO accounts, and payments cannot be made in cash.
- What is the price range for luxury apartments in Bandra and Juhu?
In Bandra West, luxury residential units are priced around ₹17,000 to ₹80,000+ per sq. ft., with ultra-premium and sea-facing properties surpassing these levels. In Juhu, 3-BHK luxury apartments reflect rates of approximately ₹51,550 to ₹57,000 per sq. ft.
- How does Rustomjee ensure transparent transactions for NRI buyers?
Rustomjee offers virtual site visits, allowing NRIs to explore properties remotely. We also assist with documentation, legal processes, and financing options.
- How can NRIs schedule site visits and complete documentation remotely?
NRIs can schedule virtual site visits through Rustomjee’s platform. Post-visit, documentation such as identity proof, income statements, and bank details can be submitted online for a fully remote buying process.
- What makes these locations suitable for long-term NRI investment?
Bandra and Juhu are Mumbai’s most elite residential zones. With proximity to BKC’s business district and Juhu Beach’s celebrity enclave, they attract both professionals and high-net-worth buyers.
