Keystone Realtors Secures Major Redevelopment Project in Andheri East, Mumbai

MUMBAI: Keystone Realtors, a prominent real estate developer, has secured a major redevelopment project in Andheri East, Mumbai. The project, valued at approximately ₹1,775 crore, involves the redevelopment of the Om Nagar Co-operative Housing Society Federation, which comprises eight housing societies spread across a combined land area of about 20,569.90 square meters.

The redevelopment project is designed to provide rehabilitation for 637 existing members across the eight societies. This initiative is expected to unlock a free-sale potential of around five lakh square feet of carpet area, significantly enhancing the market value and living conditions of the area.

Boman Irani, the Chairman and Managing Director of Keystone Realtors, expressed his enthusiasm for the project. 'The company is increasing its focus on large society redevelopment, and this project further enhances our presence in a strategically important suburban market,' he stated. Keystone Realtors has a strong track record in the real estate sector, known for its commitment to quality and innovation in redevelopment projects.

The Om Nagar Co-operative Housing Society Federation is a significant community in Andheri East, a bustling suburban area of Mumbai. The redevelopment will not only improve the living conditions of the existing residents but also contribute to the overall development of the neighborhood, making it more attractive for both residents and investors.

Keystone Realtors has been actively involved in various redevelopment projects across Mumbai, focusing on enhancing the quality of life for residents while maximizing the economic potential of the properties. The company's expertise in navigating the complexities of large-scale redevelopment projects, combined with its strong community engagement, positions it well to deliver this ambitious project successfully.

The project is expected to be a catalyst for further development in Andheri East, attracting more investment and improving the infrastructure of the area. Keystone Realtors' commitment to sustainable development practices ensures that the project will be environmentally friendly and socially responsible, aligning with the company's broader mission to create lasting value for all stakeholders.

In conclusion, the redevelopment of the Om Nagar Co-operative Housing Society Federation by Keystone Realtors represents a significant step forward in the urban transformation of Andheri East. The project promises to bring about a positive change in the lives of the residents and contribute to the economic growth of the region.