Lodha Fiorenza, Emerald Isle, Rustomjee Elita lead the rental market!!

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Lodha Fiorenza, Emerald Isle, Rustomjee Elita lead the rental market!!
Lodha Fiorenza, Emerald Isle, Rustomjee Elita lead the rental market!!

Lodha Fiorenza, Emerald Isle, Rustomjee Elita lead the rental market!!

For Home Renters, it could not be a better and opportune moment this year as a few new complexes are now getting ready for possession with a top of the line amenities.

In the year 2015, we saw a huge traction in Oberoi Exquisite, Goregaon East with more than 150 Homes rented in the Building in a span of 8 to 10 months. Each apartment being 3 BHK of 1690 and 1820 sq.ft going in the range of Rs.80000/- to Rs.120,000/- depending on furnishings, higher floor etc.

Rustomjee Elita, developed by Rustomjee started giving possession in May 2016 and within a span of 3 months more than 30 odd apartments are leased out, signaling the same trend of people wanting to live in Newer Blocks. The average rent for a 2 BHK starts from 75000 per month and for a 3 BHK, it crosses above 110000/-.

In the next 3 months, we have possession being handed over at L&T Emerald Isle at Saki Vihar Road, which would offer 2, 3 and 4 BHK apartments.

Also, Lodha Fiorenza at Goregaon East before the Hub Mall is getting ready for delivery.

Both L&T Emerald Isle and Lodha Fiorenza have top of the line amenities and the apartments are air-conditioned etc and since they were launched in 2011 onwards the Investors who have bought into them may not get a huge price escalation so they would not be very keen to exit, so leasing will be there first and foremost choice.

If you are looking to lease or you have an apartment to lease in any of these buildings, then do connect with us so we can help you with a tenant at the earliest.

Sandeep Sadh – +91 9820030685

ssadh@realestatemumbai.com

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