Real Estate Mumbai

Keystone Realtors Books Record ₹1,423 Crore Pre-Sales In Q2 FY27

By GeoSquare News Desk · Published 2026-10-09

Mumbai-based developer Keystone Realtors, the company behind the Rustomjee brand, closed the September quarter with its highest-ever quarterly sales tally, booking ₹1,423 crore in pre-sales during Q2 FY27.

Luxury segment drives the jump

The record quarter was led by demand for premium and luxury homes in the Mumbai market, where high-net-worth buyers have remained active despite elevated borrowing costs. Larger ticket-size apartments and upgrades by end-users contributed significantly to the booking value.

What it signals for Mumbai's market

A quarterly figure of this scale underscores the continued depth of Mumbai's mid-to-premium housing pipeline. Developers with established brands in the western and northern suburbs are reporting healthier conversions as buyers prioritise ready construction timelines and clear titles.

For investors, the performance points to resilient absorption in the luxury bracket, even as affordable segments stay comparatively cautious. Momentum in this tier typically supports steady demand for land parcels and redevelopment projects across the Mumbai Metropolitan Region.

Outlook

Keystone's run-rate, if maintained, would place FY27 among its strongest years. Analysts will watch whether festive-season launches and new inventory releases help the developer hold the momentum through the second half of the financial year.