Keystone Realtors Achieves Record FY26 Pre-Sales of Rs 40.22B and Collections of Rs 26.21B
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.
The company achieved its highest-ever quarterly pre-sales performance in Q4FY26, demonstrating exceptional market traction and execution strength. For Q4FY26, pre-sales reached Rs 13.46 billion, marking a 58% YoY increase from Rs 8.54 billion in Q4FY25. Collections for the quarter stood at Rs 8.53 billion, a 14% YoY growth from Rs 7.47 billion in Q4FY25. However, the area sold decreased by 9% from 0.58 million square feet in Q4FY25 to 0.53 million square feet in Q4FY26.
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.
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. The total area sold for the year was 2.12 million square feet, a 25% increase from 1.69 million square feet in FY25.
The company launched 2 projects in Q4FY26 with a combined saleable area of 0.69 million square feet and an 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 a remarkable 96% year-on-year growth. The company achieved 140% of its full-year launch guidance of Rs 70 billion.
Business development activities showed exceptional momentum, with the company adding 1 project in Q4FY26 having a saleable area of 0.84 million square feet and an estimated GDV of Rs 17.72 billion ('Om Nagar CHSFL' at Andheri East). For FY26, Keystone Realtors added 5 projects with a total saleable area of 4.32 million square feet and an estimated GDV of Rs 104.20 billion, representing 118% year-on-year growth and 174% achievement of its Rs 60 billion target. All new additions are redevelopment projects, aligning with the company's strategy to maintain leadership in Mumbai's redevelopment space.
The company completed 3 projects in Q4FY26 with a 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 also formally executed the Development Agreement and Construction & Development Agreement with the Maharashtra Housing and Area Development Authority (MHADA) for the GTB Nagar redevelopment project in Sion, valued at ₹4,521 crore. The project spans 11.54 acres and will benefit over 1,200+ members with 20.7 lakh square feet of saleable area. 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 long-term durability and resident safety.
Keystone Realtors' exceptional performance in FY26 and its strategic focus on redevelopment projects in Mumbai position the company well for sustained growth in the coming years.
