




Mumbai's Keystone Realtors, selling properties under the name of Rustomjee brand, is considered to be one of the prominent real estate companies of India. Boman Irani, the Chairman and Managing Director of Keystone Realtors said that the company is confident of easily achieving the sales bookings target of ₹4,000 crore this financial year because of the growing housing demand.
During the first half of 2025-26, the firm has sold properties worth ₹1,839 crore, which went up 40 percent annually.
Boman Irani said that the company is planning to launch its new residential project at Mumbai's Bandstand, Bandra next month. This ultra-luxury project's gross development value (GDV) will be around ₹3,000 crore.
He further said that for this fiscal year, the company had given an annual guidance of launching projects worth ₹7,000 crore. In the April-September period of this financial year, the company has launched four projects with a total GDV of ₹4,916 crore. Whereas during the second half of this fiscal year, Keystone Realtors plans to launch four more projects worth ₹4,832 crore.
Keystone Realtors will invest around ₹950 crore in this financial year on construction of existing real estate projects to deliver them on time. The estimated expenditure is 15 per cent higher as compared to ₹830 crore in the 2024-25 financial year on pure construction activities.
Boman Irani said that for the housing demand, the company has a strong presence in the Mumbai Metropolitan Region (MMR) from both end-users and investors. Due to the high economic growth and rise in the stock markets, it leads to creation of wealth as noted by Boman Irani. As real estate is considered one of the modes of investment, buyers are investing their surplus wealth in residential properties. Lower home loan interest rates are expected to support housing demand and drive sales growth in the coming period.
Keystone Realtors, known for redevelopment housing projects, has delivered more than 26 million sq ft area and over 17,000 apartments to its customers. The company aims to strengthen and expand its footprint in Mumbai's real estate market with the launch of an ultra-luxury residential project in Bandstand worth ₹3,000 crore.
The company is not only launching new projects, but is also investing in its ongoing projects to deliver them timely. This leading real estate company has a strong housing demand and a growing presence in several micro markets.
