Keystone Realtors Surges with 19% YoY Collections, Exceeding FY26 GDV Guidance
Keystone Realtors reported a significant 19% year-on-year increase in collections in Q1 FY26, surpassing its full-year GDV guidance. The company also launched and secured several projects, further solidifying its position in the Mumbai real estate market.
Real EstateKeystone RealtorsPresalesGdvRedevelopmentReal Estate MumbaiJul 07, 2025
The company sold 0.63 million square feet in Q1 FY26, representing a 159% increase year-on-year (YoY) and a 9% rise quarter-on-quarter (QoQ). This significant growth in pre-sales and sales area demonstrates the company's strong market presence and customer demand.
During Q1 FY26, the company launched three projects with a total saleable area of 0.91 million square feet and an estimated gross development value (GDV) of Rs 40 billion. These projects included Rustomjee Balmoral at Chembur, Rustomjee Crescent at Pali Hill, and Rustomjee Cliff Tower at Bandra. The company also noted that approximately 57% of the full-year FY26 guidance had already been achieved in Q1 FY26.
The company added that in Q1 FY26, it secured three new projects with a total saleable area of 3.25 million square feet and an estimated gross development value (GDV) of Rs 77.27 billion. These projects include GTB Nagar at Sion, Lokhandwala Cluster at Andheri West, and Swarganga CHSL at Dindoshi Nagar Cluster, Goregaon East. All three are redevelopment projects. The company stated that these strategic additions align with its goal to maintain and strengthen its leadership in the redevelopment space. It further highlighted that it has remarkably surpassed its full-year FY26 guidance in the very first quarter.
Boman Irani, CMD of Keystone Realtors, said, “Q1FY26 has laid a strong foundation for the year, marking a pivotal moment for our company as we build on the solid momentum carried over from FY25. We recorded pre-sales of Rs 10.68 billion, reflecting a robust 75% year-on-year growth. During the quarter, we launched three projects with an estimated Gross Development Value (GDV) of Rs 40 billion, representing nearly 57% of our full-year FY26 guidance achieved in just the first quarter.
On the business development front, we secured three new projects in Q1FY26, adding a GDV of Rs 77.27 billion. With this, we have already surpassed our full-year FY26 guidance for new additions. Mumbai's redevelopment opportunities continue to be a key strategic focus, and our leadership in this segment positions us well to harness the potential it offers. Our outstanding performance in both business development and new launches underscores our agility in capturing market opportunities and driving sustained growth. Backed by a strong balance sheet, we are well capitalized and equipped to continue delivering long-term value to all stakeholders. We remain confident in our ability to maintain a strong growth trajectory in both acquisitions and project launches throughout the remainder of the year. We are confidently poised to deliver substantial value to all stakeholders as we navigate through this year.”
Keystone Realtors is a prominent real estate developer based in the Mumbai Metropolitan Region (MMR). The company’s consolidated net profit surged 111.21% to Rs 64.80 crore, despite a 27.94% decline in revenue from operations to Rs 584.85 crore in Q4 FY25 over Q4 FY24.
Frequently Asked Questions
What was the year-on-year growth in pre-sales for Keystone Realtors in Q1 FY26?
Keystone Realtors reported a 75% year-on-year growth in pre-sales for Q1 FY26.
How much saleable area did Keystone Realtors launch in Q1 FY26?
Keystone Realtors launched a total saleable area of 0.91 million square feet in Q1 FY26.
What is the estimated GDV of the new projects secured by Keystone Realtors in Q1 FY26?
The estimated GDV of the new projects secured by Keystone Realtors in Q1 FY26 is Rs 77.27 billion.
What percentage of the full-year FY26 guidance did Keystone Realtors achieve in Q1 FY26?
Keystone Realtors achieved approximately 57% of its full-year FY26 guidance in Q1 FY26.
What is Keystone Realtors' focus in the real estate market?
Keystone Realtors focuses on redevelopment projects in the Mumbai Metropolitan Region (MMR).
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