Keystone Realtors Incorporates Wholly Owned Subsidiary Keymidtown Developers for Real Estate Development 5 days ago
Keystone Realtors Limited has incorporated a new wholly owned subsidiary, Keymidtown Developers Private Limited, on July 23, 2025. The subsidiary, with a paid-up capital of Rs. 0.10 lakh, is focused on real estate and construction, specifically for the development of new projects. This strategic move aligns with Keystone Realtors' growth strategy and aims to enhance its capacity for new development projects.
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Keystone Realtors Secures Second Major Redevelopment Project, Shares Surge
Keystone Realtors has announced a new cluster redevelopment project in Andheri West, Mumbai, covering 8 housing societies and 4.75 acres with an expected gross development value of ₹3,000 crore. This follows their recent ₹4,000 crore project in GTB Nagar. The company's stock has gained over 25% in the past month, rising for nine consecutive days, reflecting market confidence in their growth strategy.
02Jul 25
Keystone Realtors Secures ₹3,000 Crore Cluster Redevelopment Project in Andheri West
Keystone Realtors has been selected for a major cluster redevelopment project in Andheri West, Mumbai. The project, valued at ₹3,000 crores, involves redeveloping eight housing societies across 4.75 acres in the Lokhandwala area. The project will cater to 548 existing members and create a saleable area of 10.60 lakh square feet. This selection highlights Keystone Realtors' strong reputation in the real estate market and is expected to significantly enhance their project portfolio and market presence in Mumbai.
Keystone Realtors has received approval for a large-scale redevelopment project in GTB Nagar, Sion, Mumbai. The 11.19-acre project, in collaboration with MHADA, is expected to generate over Rs 4,500 crore in sales revenue. It will provide housing for more than 1,400 families with approximately 20.7 lakh square feet of saleable area. This initiative aligns with the company's urban transformation goals and demonstrates the potential of public-private partnerships in addressing urban housing challenges.
Keystone Realtors has been awarded a Letter of Acceptance for the redevelopment of GTB Nagar in Mumbai's Sion suburb, valued at ₹4,521 crores. The project, covering 11.19 acres with a saleable area of 20.7 lakh square feet, will benefit over 1,400 families. This collaboration with MHADA represents 56.51% of Keystone's market capitalization of ₹8,000 crores. The company's shares jumped 7% following the announcement, reflecting positive market sentiment.
26Jun 25
Keystone Realtors Sets Ambitious 33% Growth Target for Presales by FY26
Keystone Realtors has announced a growth strategy aiming to increase presales to ₹4,000.00 crore by fiscal year 2026, representing a 33% growth. The company's target is based on anticipated high demand in the real estate market. This ambitious goal suggests potential expansion through new projects, geographical expansion, enhanced marketing, and improved operational efficiencies. The strategy indicates Keystone Realtors' confidence in the real estate sector and its own capabilities to capitalize on market opportunities.
22May 25
Keystone Realtors Announces Rs 1.50 Final Dividend, Sets May 23 as Record Date
Keystone Realtors has declared a final dividend of Rs 1.50 per share, with a record date of May 23 and last day to buy shares on May 22 under T+1 settlement. The company's Q4 financial results show revenue of Rs 585.00 crore, EBITDA of Rs 107.00 crore, and PAT of Rs 69.00 crore.
15May 25
Keystone Realtors Unveils Strategic Sales Approach and Project Pipeline
Keystone Realtors has announced a balanced sales strategy and a pipeline of 16 new projects. The sales strategy divides inventory sales into three phases: Launch (35%), Sustenance (35%), and Finishing (30%). The new projects focus on midmass and aspirational categories, aligning with urban consolidation trends. This approach aims to optimize revenue generation, ensure steady cash flow, and capitalize on the demand for affordable yet aspirational urban housing.
15May 25
Keystone Realtors Unveils Ambitious Expansion Plans for FY25
Keystone Realtors, known for its Rustomjee brand, has announced plans to launch 3-4 new projects in fiscal year 2025. This expansion strategy follows recent acquisitions, positioning the company for significant growth in the Indian real estate market. The move signals confidence in market demand and potential for increased revenue and market share.
Keystone Realtors reported pre-sales of ₹3,028.00 crore for FY25, exceeding its ₹3,000.00 crore target. The company has now set a new pre-sales target of ₹4,000.00 crore for FY26, representing a 32.10% increase from FY25. This performance demonstrates Keystone Realtors' strong market position and growth expectations in the real estate sector.
14May 25
Keystone Realtors Reports Stellar Q4 and FY 2024-25 Results: Net Profit Soars Despite Revenue Challenges
Keystone Realtors announced strong financial results for Q4 and FY 2024-25. Q4 consolidated net profit increased by 120% to ₹66.95 crore, while FY 2024-25 profit grew by 69% to ₹188.13 crore. Annual pre-sales rose by 34% to ₹3,028 crore. The company added 9 new land parcels with a potential sales value of ₹4,783 crore. Despite a 28.4% decrease in Q4 revenue to ₹580 crore, EBITDA margin improved to 8.63% from 6.42%. A final dividend of ₹1.50 per share was recommended.
Keystone Realtors, operating as Rustomjee, exceeded its FY25 pre-sales guidance, reporting ₹3,028 crore, a 34% year-on-year increase. Q4FY25 pre-sales reached ₹854 crore, up 1% year-on-year. Collections for FY25 rose 6% to ₹2,326 crore. The company surpassed its business development guidance with projects totaling ₹4,783 crore in Gross Development Value. Two RERA projects covering 0.26 million sq ft were completed in Q4. Management highlighted strong performance across key metrics and emphasized the company's leading position in Mumbai's redevelopment space.
Keystone Realtors, known for the Rustomjee brand, received NCLT approval for merging its subsidiary Key Fortune Relators, effective April 1, 2024. However, the company reported a 50% drop in Q3FY25 net profit to ₹15.1 crore and an 11% decrease in revenue to ₹464 crore. The stock closed at ₹495.10, down 1.63%. The merger aims to streamline operations and improve efficiency, while the company faces financial challenges in the current market.
19Feb 25
Keystone Realtors' Subsidiary Expands Footprint with Strategic Land Acquisition in Nagpur
Keystone Realtors' subsidiary, Keybloom Realty, has acquired a 13,473 square meter land parcel in Nagpur for Rs. 20 crore. This marks the company's entry into the central Indian real estate market. The land, located in Pardi, Nagpur, was purchased on February 17, 2025, through a Sale Deed. While specific development plans are not disclosed, the company views this as a strategic opportunity in a high-growth market.