Tag: keystone realtors

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Keystone Realtors to Redevelop 8 Housing Societies in Andheri East

MUMBAI: Keystone Realtors has been awarded a significant redevelopment project for Om Nagar Co-operative Housing Society Federation in Andheri (East), Mumbai, with an estimated gross development value of approximately ₹1,775 crore. The project entails the redevelopment of eight housing societies, covering a total land area of around 20,569.90 square meters. As reported by the company, the redevelopment will facilitate the rehabilitation of 637 current members from these societies, and it is projected to create a free-sale potential of about five lakh square feet of carpet area. Boman Irani, chairman and managing director of Keystone Realtors, stated, “We are enhancing our…

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Keystone Realtors Q3 FY26 Net Profit Falls 83.06%

NEW DELHI: Keystone Realtors has reported an 83.06% decline in net consolidated profit for the quarter ending December 31, 2025. The company recorded a profit after tax (PAT) of ₹5.08 crore, down from ₹29.98 crore during the same quarter last fiscal year, as per their BSE filing. The company’s net consolidated income for Q3 FY26 was ₹293.95 crore, a drop of 39.49% from ₹485.82 crore in the same quarter the previous year. Boman Irani, Chairman and Managing Director, stated, “Our pre-sales reached ₹837 crore in Q3 FY26 and ₹2,676 crore year-to-date (YTD) FY26, marking a strong 23% year-on-year growth. This…

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Keystone Realtors’ Q3 FY26 Sales Drop 3% to ₹837 Crore

NEW DELHI: Keystone Realtors Ltd, a real estate firm, reported a 3% drop in sales bookings to ₹837 crore in Q3 of this fiscal year, having launched only one housing project. This compares to ₹863 crore during the same period last year. The Mumbai-based company operates under the Rustomjee brand. In the first nine months of this fiscal year, the firm saw a 23% increase in sales bookings, reaching ₹2,676 crore, up from ₹2,174 crore in the previous year, as stated in a regulatory filing. Boman Irani, CMD of Keystone Realtors Ltd, emphasized that the company maintains strong operational momentum.…

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Keystone Realtors’ ₹3,000 Crore Housing Project in Mumbai Next Month

NEW DELHI: Keystone Realtors, a prominent real estate firm, is set to unveil a super luxury residential project in Mumbai next month, projected to generate approximately ₹3,000 crore in revenue, according to a senior company official. Based in Mumbai, Keystone Realtors operates under the Rustomjee brand and is recognized as one of India’s leading real estate developers. In a recent interview with PTI, Boman Irani, Chairman and Managing Director of Keystone Realtors, expressed a strong optimism regarding housing demand. He is confident that the sales bookings target of ₹4,000 crore for the current fiscal year will easily be met. The…

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Keystone Realtors’ Q2 FY26 Net Profit Drops 84.91%

NEW DELHI: Keystone Realtors reported an 84.91% decline in its net consolidated profit for the quarter ending September 30, 2025. The company’s profit post-tax was ₹9.89 crore for Q2 FY26, compared to ₹65.55 crore in the same quarter of the previous fiscal year, according to a BSE filing. The net consolidated total income for Q2 FY26 was ₹520.92 crore, down 6.35% from ₹556.22 crore reported in the same quarter last year. Boman Irani, Chairman and Managing Director, stated, “Our pre-sales reached ₹772 crore in Q2 FY26, representing a 10% year-on-year growth on a quarterly basis, and ₹1,839 crore for H1…

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Keystone Realtors’ Q2 FY26 Sales Bookings Up 9% to ₹763 Crore

NEW DELHI: Keystone Realtors, a leading real estate firm, reported a 9% increase in sales bookings, totaling Rs 763 crore for the second quarter of this fiscal year. This growth is attributed to increased demand for its properties, compared to Rs 700 crore during the same period last year. The company noted, “Pre-sales reached Rs 763 crore in Q2 of FY26, compared to Rs 700 crore in Q2FY25, marking a 9% year-on-year growth,” as stated in a regulatory filing. For the first half of this fiscal year, sales bookings surged by 40% to Rs 1,831 crore, up from Rs 1,311…

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Keystone Realtors’ Q1 FY26 Net Profit Falls 36.34%

NEW DELHI: Keystone Realtors has reported a 36.34% decline in its net consolidated profit for the quarter ending June 30, 2025. The profit after tax for Q1 FY26 was ₹16.33 crore, compared to ₹25.65 crore in the same quarter of the previous fiscal year, according to a filing with BSE. The company’s net consolidated total income was ₹288.64 crore for Q1 FY26, reflecting a 33.98% decrease from ₹437.20 crore in the corresponding quarter last year. In Q1 FY26, Keystone Realtors achieved a 75% increase in pre-sales, totaling ₹1,068 crore, while collections amounted to ₹575 crore. The company launched three projects…

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Keystone Realtors’ Q1 FY26 Pre-Sales Surge 75% to ₹10.68B

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…

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Keystone Realtors to Redevelop 25 GTB Nagar Buildings

AI-generated Representative Image NEW DELHI: Keystone Realtors has successfully obtained the letter of acceptance (LOA) for redeveloping 25 buildings of Sindhi refugees at Guru Teg Bahadur Nagar (GTB Nagar) in Sion Koliwada, Mumbai, in collaboration with the Maharashtra Housing and Area Development Authority (MHADA). The redevelopment spans approximately 11.19 acres (45,308 sq. meters) and aims to benefit over 1,400 families. This project is expected to generate a saleable area of about 20.7 lakh sq. feet, with a projected gross development value (GDV) of ₹4,521 crore. Boman Irani, Chairman and Managing Director of Keystone Realtors, expressed, “We are honored to receive…

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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…