Rustomjee Group Set to Close 2020-21 With 60% YoY Growth
MUMBAI, India, March 3, 2021 /PRNewswire/ -- The year 2020 has been a landmark year in more ways than one. While there have been several hurdles that the real estate sector in particular had to face, Rustomjee has persevered and has registered an impressive growth record. Bucking the general trend, Rustomjee has posted a 45% growth in terms of value of transactions till January 2021 as against the same period last year. Moreover, it is estimated that this could well increase to 60% by the end of the financial year. In terms of unit growth, the percentage growth is 20% and is expected to increase to 30% by year end. The government's initiative to give a boost to the real estate sector by reducing stamp duty till 31stMarch 2021 is expected to result in a further increase in sales in the last quarter of this financial year.