Flats in Khar

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Rustomjee Paramount

Khar (W), Mumbai 2 Bedroom Residences

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Khar is one of the most prestigious residential neighbourhoods in Mumbai and has been highly sought-after by homeowners looking for comfort, convenience, and luxury. The vibrant locality delivers the perfect blend of urban accessibility and serene living, attracting professionals, families, and NRIs alike.

In this blog post, we will explore Khar's investment potential as a premium location and some stand-out features of Rustomjee's flats in Khar.

Why is Khar a Preferred Location for Luxury Living?

Khar is one of the most convenient locations in the city, with seamless connectivity to suburbs and towns. Offering a peaceful residential location, Khar is a preferred location for luxury living because of these reasons:

Proximity to Business Hubs

Khar is strategically located close to most business districts like:

Bandra Kurla Complex (BKC): BKC is one of the busiest commercial zones with MNCs, financial institutions, luxury hotels, and residential properties.
Worli: Worli is a prime business hub that houses several corporations, entertainment centres, and fine-dining restaurants.

Khar is a convenient location, specifically for professionals, because of shorter commute times and better work-life balance.

Excellent Connectivity

With a well-developed transport network, Khar offers easy connectivity to other parts of the city, because of:

Western Express Highway: Offers easy access to Mumbai International Airport and BKC.
Khar Railway Station: Offers seamless local train connectivity on the Western Line.
Metro Line 2A & 3: Metro Line 2A connects Dahisar East to DN Nagar, while Metro Line 3 will enhance connectivity from Colaba to SEEPZ via BKC. While Khar itself does not have a metro station, residents benefit from easy access to nearby stations in Bandra, Santacruz, and Vile Parle.

Located close to Andheri, Bandra, Dadar, and South Mumbai, Khar is situated in the centre of the city and offers easy access to the rest of Mumbai.

Premium Education and Healthcare Institutions

Khar is preferred by families because of some of the finest schools and hospitals residing nearby:

Top Schools: Some of the best schools, like Podar International and St. Teresa's Convent are closely located.
Renowned Hospitals: Renowned institutions like Lilavati, Hinduja, and Surya provide world-class medical facilities.

Luxurious Lifestyle

Khar offers a luxurious lifestyle with proximity to high-end restaurants, luxury retail stores, and entertainment hubs, offering:

A bustling nightlife with several clubs, cosy cafes, and fine dining options.
Space for leisure walks on Carter Road or Bandstand promenades.
Convenient location for shopping at Palladium Mall and Linking Road.

Khar is one of the most prominent locations in Mumbai, offering everything a family, working professional or an NRI might need.

Features of Rustomjee's Flats in Khar

Rustomjee, known for its architectural excellence and premium properties, perfectly blends with Khar's versatile living standard, offering features like:

Spacious Layouts with Elegant Designs

Rustomjee homes offer ample space and unparalleled comfort, with features such as:

Open-plan layouts for abundant natural light.
Luxurious interiors catering to modern living standards.
Imported fittings and flooring materials with premium finish.

Large Balconies with Panoramic Views

Residents can experience the perfect balance of luxury and comfort with scenic views of the city skyline and Arabian Sea from your spacious balconies.

Exclusive Amenities

Residents of Rustomjee Paramount in Khar can enjoy world-class amenities like:

Spacious business centre, clubhouses and lounge areas for social gatherings and events.
Alfresco Sky Lounge, Mini Theatre, Kids Creative Studio, Senior Citizen's Zone, Podium, and other recreational areas.
Fitness centres and swimming pools promote a healthy lifestyle.
Concierge services for a luxurious living experience.

Rustomjee Paramount is a complete package offering luxury, comfort, convenience, and world-class amenities.

Investment Potential of Flats in Khar

Khar not only offers a premium residential option for homeowners but also has excellent investment potential because of its high appreciation potential.

High Appreciation Potential

Khar is a prime location that has observed continuous property value appreciation. Property rates in Khar have increased from approximately 53,450 INR per sq ft in Jan-March 2021 to around 58,350 INR per sq ft in Jan-March 2024. Luxury real estate in Khar has seen a consistent upward trend, offering a lucrative investment opportunity.

Attractive Rental Yields

According to official data, the rental yields of Khar have increased to 20-30% because of the increasing demand for apartments in the area. This yield is further expected to grow as metro lines and other projects are completed, presenting a great opportunity for NRIs and investors.

Secure and Tangible Asset

Mumbai has one of the most competitive and profitable real estate industries. By investing in prime locations like Khar, investors can ensure long-term financial security in India's growing economy.

Why Choose Rustomjee for Flats in Khar?

Rustomjee Paramount spreads over an expansive area of 3.5 acres in the heart of Khar West, offering a one-of-a-kind gated community. However, it truly stands out because of:

Legacy of Excellence

Rustomjee is a trusted developer with a reputation for building high-quality projects with top-tier construction, attention to detail, innovative designs, and the perfect balance of comfort and luxury.

Transparent Buying Process

Rustomjee ensures a seamless and transparent buying process with its dedicated customer support team for legal or financial aid to guarantee a hassle-free documentation process for NRIs and high-net-worth individuals.

Prime Location and Unmatched Amenities

All Rustomjee properties provide residents with seamless connectivity and easy access to well-known healthcare and educational institutions. Additionally, Rustomjee offers a range of luxury amenities, enhancing the living experience.

Conclusion

Khar is a beacon of luxury and peace in Mumbai with its convenience, comfort, and investment potential. As the locality is conveniently situated close to Khar Railway Station and highways connecting the entire city, it also shows high appreciation potential, making it a great investment opportunity.

Whether you are a working professional, a family, or an investor, buying a flat in Khar is a sensible decision. If you are looking for premium flats in Khar, you can explore Rustomjee's luxurious offerings.

FAQs

What is the price range for flats in Khar?

The price range of flats in Khar can vary based on factors like size, amenities, and location. That being said, premium flats in Khar can range from INR 5 crore to INR 15 crore. 2 BHK homes in Rustomjee Paramount in Khar start from INR 5.21 crore.

Why is Khar considered a premium residential area?

Khar is conveniently close to Bandra and BKC, offering easy access to major commercial hubs. Easily accessible high-end lifestyle amenities, healthcare, and fine dining options add to the attractiveness of Khar as a premium residential area.

Are flats in Khar suitable for NRIs?

Yes, many NRIs choose Khar for various reasons. It is not only a great investment opportunity because of its high appreciation potential and rental yields but also a superb locality to build a home. Rustomjee further facilitates smooth processes with its dedicated NRI services, making flats in Khar more suitable for NRIs.

Disclaimer: KEYSTONE REALTORS LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its Equity Shares and has filed the RHP with RoC on November 5, 2022. The RHP shall be available on the website of SEBI at www.sebi.gov.in, as well as on the websites of the Stock Exchanges i.e. BSE and NSE at www.bseindia.com and www.nseindia.com, respectively, and is available on the websites of the BRLMs, i.e. Axis Capital Limited and Credit Suisse Securities (India) Private Limited at www.axiscapital.co.in and https://www.credit-suisse.com/in/en/investment-banking-apac/investment-bankingin-india/ipo.html, respectively. Any potential investor should note that investment in Equity Shares involves a high degree of risk. For details, potential investors should refer to the RHP, including. the section entitled "Risk Factors" beginning on page 34 of the RHP. Potential investors should not rely on the DRHP filed with SEBI for making any investment decision.

The Equity Shares offered in the Offer have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or any other applicable law of the United States and, unless so registered, may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Accordingly, the Equity Shares are only being offered and sold (i) within the United States only to persons reasonably believed to be °qualified institutional buyers" (as defined in Rule 144A under the Securities Act, "Rule 144A") in transactions exempt from, or not subject to, the registration requirements of the Securities Act, and (ii) outside the United States in offshore transactions in compliance with Regulation S under the Securities Act and pursuant to the applicable laws of the jurisdictions where those offers and sales are made. There will be no public offering of the Equity Shares in the United States.

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