Keystone Realtors to Revamp Eight Societies in Andheri West


NEW DELHI: Keystone Realtors (Rustomjee Group) has been appointed as the developer for a significant cluster redevelopment project in Andheri West, Mumbai, chosen by eight housing societies.

A development agreement (DA) has been finalized with five societies, while letters of intent (LOIs) have been received from the remaining three, with the execution of DAs anticipated in the coming days.

Boman Irani, Chairman and Managing Director of the company, stated, “With a GDV close to ₹3,000 crore and an extensive development footprint, this project showcases our commitment to scale, location, and value generation.”

The redevelopment plan entails transforming a group of private housing societies covering a total area of approximately 4.75 acres (19,229 sq meters), which includes 548 current members.

This project is projected to generate a saleable area of about 10.6 lakh sq ft, resulting in a gross development value (GDV) of ₹3,000 crore.

  • Published On Jul 2, 2025 at 12:30 PM IST

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