NEW DELHI: Keystone Realtors has announced pre-sales of ₹10.68 billion in Q1 FY26, marking a 75% increase from ₹6.11 billion in Q1 FY25. The strong performance is attributed to consistent launch activity and a strategic focus on redevelopment carried over from the last fiscal year.
Collections for the quarter were ₹5.75 billion, reflecting a 19% year-on-year growth, which highlights steady cash flow and strong customer confidence.
Boman Irani, chairman & managing director of the company, stated, “We achieved pre-sales of ₹10.68 billion, demonstrating an impressive 75% year-on-year growth. This quarter, we launched three projects with an estimated gross development value (GDV) of ₹40 billion, accomplishing nearly 57% of our full-year FY26 guidance in just the first quarter. Additionally, we secured three new projects in Q1 FY26, contributing a GDV of ₹77.27 billion. Our new additions have already surpassed our full-year FY26 guidance.”
The company launched three new projects — Rustomjee Balmoral in Chembur, Rustomjee Crescent at Pali Hill, and Rustomjee Cliff Tower in Bandra — with a total saleable area of 0.91 million sq ft and an estimated GDV of ₹40 billion. This represents 57% of their full-year launch guidance achieved in Q1 alone.
Furthermore, Keystone added three prime redevelopment projects in Mumbai, totaling 3.25 million sq ft of saleable area and a GDV of ₹77.27 billion — these include GTB Nagar at Sion, Lokhandwala Cluster in Andheri West, and Swarganga CHSL in Goregaon East. This expansion has led to exceeding their full-year guidance within Q1 FY26.
ICRA, the credit rating agency, has upgraded Keystone’s rating to “ICRA A+” with a stable outlook, up from “ICRA A” with a positive outlook.
