Tag: Rustomjee Group

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Rustomjee Group to invest ₹5,800 crore in Mumbai housing project

Representative AI image NEW DELHI: Rustomjee Group is set to invest approximately ₹5,800 crore in the development of a residential project named Rustomjee Vista Bay in Parel Extension, Mumbai. The project spans 1.52 acres and is designed as a low-density, gated community featuring around 200 residences in a single tower with two wings. It will offer 2BHK and 3BHK homes with sizes ranging from 805 sq ft to 1,356 sq ft. Boman Irani, chairman and managing director of the company, stated, “Vista Bay signifies our entry into Parel Extension at a time when the area is experiencing renewed interest in…

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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 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 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…