Advertisement
In this episode of Prop Personalities, we sit down with Hars...
Luxury real estate is one of the most talked-about segments ...
Welcome to Prop Personalities by Prop News Time - a podcast ...
Airports play a much bigger role than just enabling travel -...
Why does the same hotel brand operate multiple properties in...
Keystone Realtors Ltd reported a 58 per cent year-on-year increase in pre-sales to INR 1,346 crore for the fourth quarter of FY26, driven by improved demand in the Mumbai Metropolitan Region. The company's sales bookings stood at INR 854 crore in the corresponding period last year. For the full financial year 2025-26, pre-sales rose 33 per cent to INR 4,022 crore compared with INR 3,028 crore in the previous year. During the year, the developer launched seven projects with a total estimated revenue potential of INR 9,813 crore. The company, which operates under the Rustomjee brand, continues to focus on redevelopment opportunities in Mumbai, supported by a strong balance sheet and sustained business development activity.
Keystone Realtors Ltd on Monday reported a 58 per cent increase in its pre-sales to INR 1,346 crore for the fourth quarter of FY26, compared with INR 854 crore in the same period a year earlier, on the back of improved demand for residential properties in the Mumbai Metropolitan Region. Advertisement
In a regulatory filing issued earlier this week, the company stated that its sales bookings for the full financial year 2025-26 rose 33 per cent to INR 4,022 crore, up from INR 3,028 crore recorded in the preceding fiscal.
The developer also undertook new project launches during the year, introducing a total of seven developments with an estimated revenue potential of INR 9,813 crore. These launches contributed to overall sales momentum and expanded the company's project pipeline within its core markets.
Boman Irani, Chairman and Managing Director of Keystone Realtors, indicated that FY26 had been a period of strong operational performance across key metrics, including pre-sales, collections, business development and project launches. He noted that redevelopment opportunities in Mumbai continue to remain a central focus area for the company, with the firm positioned to benefit from sustained activity in this segment.
He further stated that the company's performance in business development and new launches reflects its ability to identify and execute growth opportunities in a competitive market environment. The management also highlighted that the company maintains a strong balance sheet, which supports its expansion plans and ongoing project execution.
Keystone Realtors, which markets its projects under the Rustomjee brand, has an established presence in the Mumbai Metropolitan Region (MMR), where redevelopment-led housing supply has been gaining traction amid limited availability of greenfield land parcels.
The company's reported growth in pre-sales during both the quarter and the full fiscal year underscores continued demand for residential properties in key urban markets, particularly in segments driven by redevelopment and end-user demand.
Source - PTI
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
