Keystone Realtors Sees 58% Surge in Q4 Pre-Sales to INR 1,346 Crore Amid Rising Housing Demand
Keystone Realtors Ltd reported a 58% increase in its pre-sales to INR 1,346 crore for the fourth quarter of FY26, compared with INR 854 crore in the same period a year earlier. This surge in pre-sales is attributed to the improved demand for residential properties in the Mumbai Metropolitan Region (MMR).
In a regulatory filing issued earlier this week, the company stated that its sales bookings for the full financial year 2025-26 rose 33% to INR 4,022 crore, up from INR 3,028 crore recorded in the preceding fiscal. This significant growth reflects the company's strong performance and its ability to capitalize on market opportunities.
The developer also undertook new project launches during the year, introducing a total of seven developments with an estimated revenue potential of INR 9,813 crore. These launches have contributed to overall sales momentum and expanded the company's project pipeline within its core markets.
Boman Irani, Chairman and Managing Director of Keystone Realtors, indicated that FY26 had been a period of strong operational performance across key metrics, including pre-sales, collections, business development, and project launches. He noted that redevelopment opportunities in Mumbai continue to remain a central focus area for the company, with the firm positioned to benefit from sustained activity in this segment.
He further stated that the company's performance in business development and new launches reflects its ability to identify and execute growth opportunities in a competitive market environment. The management also highlighted that the company maintains a strong balance sheet, which supports its expansion plans and ongoing project execution.
Keystone Realtors, which markets its projects under the Rustomjee brand, has an established presence in the Mumbai Metropolitan Region (MMR). The region has seen a growing trend in redevelopment-led housing supply due to the limited availability of greenfield land parcels. This trend has been a significant driver of the company's recent success.
The company's reported growth in pre-sales during both the quarter and the full fiscal year underscores continued demand for residential properties in key urban markets, particularly in segments driven by redevelopment and end-user demand. As the real estate market in MMR continues to evolve, Keystone Realtors is well-positioned to capitalize on these trends and maintain its leadership in the region.
