Mumbai, February 16, 2026 – Keystone Realtors Limited (BSE: 543669 | NSE: RUSTOMJEE), operating under the Rustomjee brand, has been selected as the developer for a large society redevelopment project in Andheri (East), Mumbai, with an estimated Gross Development Value of approximately ₹1,775 crore.
The project involves the redevelopment of Om Nagar Co-operative Housing Society Federation Limited, comprising eight housing societies situated on a combined land parcel measuring around 20,569.90 square meters.
Project Scope and Financial Overview
As detailed in the company’s press release , the redevelopment will facilitate the rehousing of 637 existing members across all eight societies. The project is expected to unlock a free sale potential of approximately 5 lakh square feet of RERA carpet area.Key Project Metrics
| Particulars | Details |
|---|---|
| Location | Andheri (East), Mumbai |
| Land Parcel Area | ~20,569.90 sq. meters |
| Societies Involved | 8 |
| Members to be Rehoused | 637 |
| Free Sale Potential (RERA Carpet Area) | ~5 lakh sq. ft. |
| Estimated GDV | ~₹1,775 crore |
Strategic Positioning
The company stated that the project aligns with its strategy to expand in prime suburban micro-markets and build a diversified portfolio across ticket sizes. The redevelopment also supports its focus on gated communities and integrated lifestyle offerings through large-layout projects.With this project, Keystone Realtors has further strengthened its pipeline for the current financial year, continuing its momentum of adding strategically located redevelopment opportunities in key urban clusters.
Management Commentary
Mr. Boman Irani, Chairman and Managing Director of Keystone Realtors Limited, said the selection as preferred developer for the Om Nagar redevelopment marks an important addition to the company’s growing redevelopment portfolio.He noted that with a GDV of nearly ₹1,775 crore and a significant development footprint, the project underscores the company’s focus on scale, location, and value creation. He added that the mandate reflects confidence in the company’s execution capabilities for large-scale, complex urban redevelopment assignments, and reiterated its commitment to disciplined execution and long-term value creation.
About Keystone Realtors Limited
Incorporated in 1995, Keystone Realtors Limited is a Mumbai Metropolitan Region-based real estate developer with a strong focus on redevelopment projects.The company has:
- 38 completed projects
- 20 ongoing projects
- 24 forthcoming projects
Listed on both BSE and NSE, Keystone Realtors continues to pursue an asset-light development strategy supported by an integrated execution model and a focus on quality-led urban redevelopment.
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