Rs 1,775 Crore GDV: Rustomjee Group Announces New Large Society Re-Development Project in Andheri (East), Mumbai

Keystone Realtors Limited (Rustomjee Group), one of Mumbai’s most trusted and leading Real Estate developers, has been appointed as the Developer for a landmark large society redevelopment project of Om Nagar Co-operative Housing Society Federation Limited. The project involves the redevelopment of eight housing societies located on a strategically placed land parcel cumulatively measuring 20,569.90 square meters at Andheri (East), Mumbai, Maharashtra. The proposed redevelopment will result in the rehousing of 637 existing members across all societies and is expected to unlock a significant free sale potential of ~5 Lakhs sq. ft. of RERA carpet area, with an estimated Gross Development Value (GDV) of Rs 1,775 crore. This marquee redevelopment project reinforces Rustomjee’s strategy of building a diversified portfolio across ticket sizes and further deepens its footprint in Mumbai’s high-growth western suburbs, strengthening its long-term growth visibility.

This development aligns with Rustomjee’s strategy to expand its presence in prime suburban markets and build a well-diversified portfolio across micro-markets and ticket sizes, while reinforcing its focus on creating gated communities and holistic lifestyle offerings through large-layout redevelopments. With this addition, Rustomjee has further strengthened its project pipeline for the current financial year, continuing its momentum of adding strategically located, high-potential redevelopment projects in key urban clusters, while further deepening its footprint in Mumbai’s high-growth western suburbs.

About the Company

Keystone Realtors Limited was incorporated in 1995. Keystone Realtors Limited is one of the prominent MMR-based real estate developers and a leader in the redevelopment space. The company has a substantial portfolio of projects spanning the Mumbai Metropolitan Region (MMR), with 38 Completed Projects, 20 Ongoing Projects and 24 Forthcoming Projects that cover all price points from Mass Market to Luxury. So far, the company has delivered over 28+ million square feet of Construction area, with a pipeline of over 47 million square feet of construction area in the works. A strategic asset-light approach, an integrated real estate development model and a strong eye for quality and detail give the Company's management team an edge over its peers. By successfully housing 18000+ families, including re-housing 1800+ existing families through several redevelopment projects, the company has a detailed understanding of the (re)development process

Disclaimer: The article is for informational purposes only and not investment advice.