Located in Khar West, Rustomjee Paramount is the ultimate luxury for NRIs looking to invest in their roots. With its location, amenities, and architecture, Rustomjee Paramount is not just a place to live but a lifestyle.
As Mumbai real estate is booming, this residential marvel is becoming a favourite for NRI homebuyers looking for a high-end investment. Whether you are looking for a family home or an investment property, Rustomjee Paramount is the perfect blend of comfort, luxury, and practicality. Learn more about it here while glancing through Rustomjee Paramount photos.
Why Mumbai Remains the Top Choice for NRI Homebuyers
With its infrastructure booming and growing popularity, Mumbai remains a top choice for homebuyers from around the world.
Strategic Location and Growing Infrastructure
Mumbai has a vast network of transportation systems – metro, highways and an international airport, making it a global hub. New developments in infrastructure like the Mumbai Coastal Road Project and Navi Mumbai International Airport will ensure Mumbai will continue to be a business and real estate hub.
Cultural Connection and Family Ties
Mumbai is a cultural melting pot where NRIs can stay connected to their roots. Whether it’s traditional festivals or a local way of life, the city’s culture attracts NRIs looking for a home away from home.
Investment in Prime Locations
Mumbai’s real estate is appreciating fast, especially in prime locations like Khar West. As an NRI, investing in such a prime location ensures long-term value and good rental yields, making it a smart choice for those looking to diversify their portfolio.
The Rustomjee Advantage for NRI Investors
Rustomjee is a well-known name in Indian real estate, delivering quality developments. With decades of experience, the brand has set the standards for quality and customer satisfaction.
Quality Construction
At Rustomjee Paramount, every home is crafted with precision using the best materials and sustainable designs. Every nook and corner of Rustomjee Paramount’s photos screams luxury and elegance.
Professional Management
For NRIs abroad, managing a property can be tough. Rustomjee makes it easy for overseas investors to manage their properties by offering management services.
A Photo Journey Through Rustomjee Paramount
As you enter Rustomjee Paramount, you are greeted by a magnificent, beautifully designed entrance that screams luxury. The spacious lobby, with its modern vibe, sets the tone for the entire project.
Sea-view Residences
Wake up to the gentle view of the Arabian Sea every morning. With sea views, the residences are designed to get maximum natural light and serenity.
Properties in Khar
Khar West is all about the lifestyle and is the balanced combination of modern living and old-world charm. Rustomjee Paramount is in the heart of this happening neighbourhood and is perfect for those who want the best of both worlds.
Lifestyle Amenities Showcase
Rustomjee Paramount’s amenities are designed for the luxury lifestyle. From a private theatre to the Alfresco Sky Lounge, every amenity is designed to give you the ultimate comfort and relaxation.
Read Also: Luxury House Design in India in 2024
Lifestyle Amenities That Define Luxury
Living in Rustomjee Paramount is a different experience where you live with luxury around you. Think of Rustomjee Paramount photos with:
- Alfresco Lounge Experiences:
The sky lounge offers an exceptional experience where you can unwind in a sophisticated setting, all while enjoying panoramic views of both the city skyline and the serene sea. This alfresco space is not just a place to relax. It’s an extension of your luxurious lifestyle.
- Luxury House Designs:
The apartments at Rustomjee Paramount are a masterclass in design, with every detail crafted to offer the highest standard of living. Spacious layouts ensure you have room to breathe, while premium finishes add a touch of elegance to each room. Modern design elements, coupled with top-of-the-line materials, make these homes not just living spaces but works of art that reflect your refined taste and desire for comfort.
- Swimming Pool with Sea Views:
Indulge in a refreshing dip in the infinity pool, where the water seemingly meets the horizon, offering sweeping views of the sea and the city. It’s the perfect place to relax, rejuvenate, and escape the hustle of daily life while being immersed in breathtaking surroundings.
- Private Theatre and Spa Facilities:
For a truly exclusive experience, the private cinema lets you enjoy your favourite movies or shows in a cosy yet opulent setting, complete with top-tier sound systems and plush seating. Afterwards, unwind at the world-class spa, where each treatment is designed to provide ultimate relaxation and rejuvenation.
Investment Benefits for NRIs
As the Khar West locality is in high demand, Rustomjee Paramount is a great investment for NRIs looking to earn rental income. The neighbourhood is popular with ex-pats and professionals, so there will be consistent demand for rental properties.
Property Appreciation in Prime Areas
Investing in Rustomjee Paramount amounts to long-term capital appreciation, especially in a prime area like Khar West. As the Mumbai real estate market evolves, properties in this area will see steady growth.
Tax Benefits
NRIs get tax benefits on Indian property investments, including 80C for principal and Section 24 of the Income Tax Act, 1961 for Indian property investments. Section 80C offers deductions on principal repayment, while Section 24 allows deductions on interest paid.
Making Your Move: A Practical Guide
When purchasing a property in India, NRIs must ensure they have the following documents:
- Passport and visa copies
- Proof of NRI status (PIO or OCI card)
- PAN card for tax purposes
- Proof of income and bank statements
NRI Home Loans
NRIs can avail of home loans for property purchases in India, with flexible repayment options. For instance, an NRI based in the UAE can apply for a loan from Indian banks offering loans with up to 80% of the property value and terms extending up to 20 years.
| Loan Feature | Details |
| Loan Amount | Up to 80-90% of the property value |
| Repayment | Paid in INR, with options to repay from NRE/NRO accounts |
| Interest Rates | Typically between 7% and 9% |
| Loan Tenure | Up to 20 years |
Rustomjee Paramount assists NRIs by connecting them with trusted financial institutions to simplify the loan process.
Read Also: NRI Home Loan vs Normal Home Loan: Which One Suits You Best?
Financial Planning Strategies
Before investing, NRIs should consult financial advisors to understand tax liabilities, repatriation rules, and other considerations.
| Financial Strategy | Considerations |
| Tax Liabilities | NRIs must pay GST and stamp duty on property purchases, e.g., ₹5 crore property may incur a 5-6% stamp duty. |
| Repatriation of Funds | NRIs can repatriate up to USD 1 million per year, subject to RBI guidelines. |
| Currency Fluctuations | Currency exchange rates impact final property costs. Hedging strategies could help here. |
Legal Considerations
NRIs must adhere to Indian property laws, particularly regarding restrictions on agricultural land. A few key aspects include:
- POA (Power of Attorney): NRIs may need to appoint a representative in India if unable to be physically present.
- FEMA Compliance: NRIs must comply with Foreign Exchange Management Act guidelines, especially when dealing with property in restricted zones.
| Legal Requirement | Details |
| Agricultural Land | NRIs cannot purchase agricultural land in India except through inheritance. |
| FEMA Guidelines | NRIs must ensure compliance with FEMA for property transactions. |
Conclusion
Experience the pinnacle of modern living at Rustomjee Paramount, where every detail is crafted to perfection. Nestled in the heart of Khar West, these sea-view residences combine luxury, convenience, and a vibrant community, making it the ideal place to call home.
Visit Rustomjee Paramount in Khar West today and secure your future in one of Mumbai’s trendiest locations. With international standards and a lifestyle like no other, it’s an opportunity you can’t miss. Visit the property and book an appointment today to see how Rustomjee Paramount can be your perfect home.
FAQs
- How can NRIs manage their property while staying abroad?
Rustomjee makes it easy for NRIs to manage their property from anywhere in the world. They offer professional property management services that take care of everything from maintenance to renting the property. You don’t have to worry about anything.
- What is the rental yield potential in Khar West?
Khar West is a great location, and the rental market is very strong. Properties like Rustomjee Paramount are in high demand from professionals and expatriates. Therefore, you can expect good rental returns.
- How does living in Rustomjee Paramount help NRIs stay connected to their cultural roots while enjoying a luxurious and modern lifestyle?
Living in Rustomjee Paramount helps NRIs stay connected to their roots through its vibrant community, cultural celebrations, and proximity to iconic Mumbai landmarks. The luxurious amenities blend modern living with subtle Indian influences, creating a home that feels familiar yet sophisticated.
