Keystone Realtors Limited has delivered outstanding operational performance for Q4FY26 and FY26, achieving record-breaking pre-sales and exceeding guidance targets across multiple parameters. The company's robust performance underscores its strong market position and execution capabilities in Mumbai's real estate sector.

Record-Breaking Pre-Sales Performance

The company achieved its highest-ever quarterly pre-sales performance in Q4FY26, demonstrating exceptional market traction and execution strength.

For the full fiscal year FY26, pre-sales reached Rs 40.22 billion compared to Rs 30.28 billion in FY25, marking a substantial 33% year-on-year growth. The company successfully achieved its pre-sales guidance for FY26, highlighting effective strategic planning and market execution.

Strong Collections and Annual Performance

Collections performance remained robust throughout FY26, with the company achieving record quarterly collections of Rs 8.53 billion in Q4FY26. Annual collections for FY26 totaled Rs 26.21 billion, representing a 13% increase from Rs 23.27 billion in FY25.

Exceptional Project Launch and Development Activity

The company launched 2 projects in Q4FY26 with a combined saleable area of 0.69 million square feet and estimated GDV of Rs 39.78 billion. These launches included "Bandstand Cama" at Bandra West and "Rustomjee Vista Bay" at Sewri.

For the full year FY26, Keystone Realtors launched 7 projects with an estimated GDV of Rs 98.13 billion, compared to Rs 50.19 billion in FY25, representing remarkable 96% year-on-year growth. The company achieved 140% of its full-year launch guidance of Rs 70 billion.

Strategic Business Development Achievements

Business development activities showed exceptional momentum, with the company adding 1 project in Q4FY26 having saleable area of 0.84 million square feet and estimated GDV of Rs 17.72 billion ("Om Nagar CHSFL" at Andheri East).

All new additions are redevelopment projects, aligning with the company's strategy to maintain leadership in Mumbai's redevelopment space. The projects include "GTB Nagar" at Sion, "Lokhandwala Cluster" at Andheri West, "Swarganga CHSL" at Dindoshi Nagar Cluster, "The Homestead CHSL" at Lokhandwala Cluster, and "Om Nagar CHSFL" at Andheri East.

Project Completions and Credit Rating Updates

The company completed 3 projects in Q4FY26 with construction area of 0.25 million square feet. For the full year FY26, 6 projects totaling 2.23 million square feet were completed.

Keystone Realtors received enhanced credit recognition, with India Ratings assigning a credit rating of "A+ (with Positive Outlook)" in addition to ICRA's existing "A+ (with Stable Outlook)" rating, reflecting the company's strong financial position and business prospects.

Keystone Realtors has formally executed the Development Agreement and Construction & Development Agreement with Maharashtra Housing and Area Development Authority (MHADA) for the GTB Nagar redevelopment project in Sion, valued at ₹4,521 crore. The agreement was signed through the company's wholly owned subsidiary, Keymidtown Developers Private Limited, following the Letter of Acceptance awarded on June 30, 2025.

Project Specifications

The GTB Nagar redevelopment project represents one of Mumbai's most significant urban transformation initiatives. The comprehensive development spans across substantial area with modern construction technology and safety standards.

Construction Features

The residential towers will be constructed using Aluminium formwork technology, ensuring a durable and watertight external concrete envelope. The development incorporates stringent structural safety norms for wind and earthquake resistance, along with best-in-class fire safety systems, electrical, plumbing, and vertical transportation infrastructure.

Management Commentary

Boman Irani, Chairman and Managing Director of Keystone Realtors Limited, emphasized the project's significance beyond construction. "This project represents the aspirations of more than 1,200+ members who have waited patiently for the promise of better homes and a more secure future," Irani stated. He highlighted that redevelopment involves restoring dignity, strengthening communities, and delivering homes that members truly deserve.

Strategic Impact

This partnership reinforces Keystone Realtors' commitment to community-first development through strategic collaborations with public bodies. The project strengthens the company's presence in central Mumbai and demonstrates its capability in large-scale urban renewal initiatives. With 38 completed projects and over 28 million square feet delivered, the company continues expanding its substantial portfolio across the Mumbai Metropolitan Region.