Keystone Realtors Targets 32% Growth in Housing Sales Bookings for FY26
Keystone Realtors, a leading real estate developer in India, aims to achieve a 32% growth in housing sales bookings, targeting Rs 4,000 crore for the fiscal year 2025-26. The company’s CMD, Boman Irani, highlights strong demand for properties developed by reputable brands.
Real EstateHousing SalesKeystone RealtorsBoman IraniMmrReal EstateMay 18, 2025
Mumbai-based Keystone Realtors, known for selling properties under the Rustomjee brand, is one of the leading real estate developers in the country. Irani shared that the company has achieved steady and consistent growth during the last fiscal year, surpassing all its guidance targets.
“We have achieved steady and consistent growth during the last 2024-25 fiscal and surpassed all our guidances,” Irani told PTI in an interview. He emphasized that the company's pre-sales or sales bookings rose 34 per cent to Rs 3,028 crore last fiscal year, exceeding the annual guidance of Rs 3,000 crore.
The demand for apartments as well as residential plots remains strong, especially in projects developed by reputed brands, Irani noted. He expressed confidence in maintaining the company's growth momentum. When asked about the sales bookings target for 2025-26, Irani stated, “We have given a pre-sales guidance of Rs 4,000 crore for the current fiscal and we are confident of achieving that.”
The company has already launched several projects in the last one-and-a-half months, and the launch pipeline is robust for the remaining period of this fiscal to meet the strong post-COVID demand. In the last fiscal, Keystone Realtors launched projects worth Rs 5,000 crore, and the number is expected to surpass in the 2025-26 financial year.
Keystone Realtors will continue to invest in acquiring land parcels to expand its business, with a focus on the Mumbai Metropolitan Region (MMR) and a few other cities in Maharashtra. In 2024-25, the company acquired 9 land parcels, which could generate sales potential of Rs 4,783 crore in the coming years.
Last week, Keystone Realtors reported a 69 per cent increase in consolidated net profit to Rs 188.13 crore during the last fiscal from Rs 111.03 crore in 2023-24. However, total income fell to Rs 2,121.44 crore last fiscal from Rs 2,275.63 crore in the 2023-24 financial year.
“This performance is a testament to the resilience of our strategy and the continued momentum we are experiencing,” said Irani, who is also the Chairman of realtors' apex body CREDAI. “The demand for our products remains robust. Our asset-light model, with a focus on redevelopment opportunities, particularly in MMR, continues to be a key driver of growth,” he added.
Keystone Realtors has completed 37 projects and is currently constructing 16 projects. To date, the company has delivered over 26 million square feet of construction area, with a pipeline of over 40 million square feet of construction area in the works.
Frequently Asked Questions
What is Keystone Realtors' target for housing sales bookings in FY26?
Keystone Realtors aims to achieve housing sales bookings worth Rs 4,000 crore in FY26, targeting a 32% annual growth.
How much did Keystone Realtors' pre-sales or sales bookings increase in the last fiscal year?
Keystone Realtors' pre-sales or sales bookings increased by 34% to Rs 3,028 crore in the last fiscal year.
In which regions does Keystone Realtors focus its investments?
Keystone Realtors focuses its investments on the Mumbai Metropolitan Region (MMR) and a few other cities in Maharashtra.
How many land parcels did Keystone Realtors acquire in 2024-25?
Keystone Realtors acquired 9 land parcels in 2024-25, which could generate sales potential of Rs 4,783 crore in the coming years.
What is Keystone Realtors' asset-light model focused on?
Keystone Realtors' asset-light model focuses on redevelopment opportunities, particularly in the Mumbai Metropolitan Region (MMR).
Related News Articles
Wealth Classification: Net Worth Insights and Debates
Discover the net worth categories that define wealth, from poor to generational wealth, and the debates surrounding them.
India's Powerhouse Cities: Driving the Country's Economic Growth
From Chennai to Surat, India's top cities are contributing billions to the country's GDP. Here's a look at some of the most developed cities in India.
Lucknow: ED Cracks Down on Real Estate Broker, Attaches Assets Worth Rs 14.89 Crore
The Enforcement Directorate (ED) has provisionally attached immovable assets worth Rs 14.89 crore of a real estate broker, Rajeev Tyagi, and others under the Prevention of Money Laundering Act (PMLA), 2002.
Mumbai: Husband of IPS Officer Arrested in ₹263 Crore TDS Fraud, Now Under EOW Investigation
Purshottam Chavan, the husband of a Maharashtra-cadre IPS officer, has been arrested by the Enforcement Directorate (ED) in a ₹263 crore TDS fraud case. He now faces an investigation by the Economic Offences Wing (EOW) for allegedly counterfeiting governm
MMRDA to Build Elevated Road on Eastern Express Highway
The Mumbai Metropolitan Region Development Authority (MMRDA) has announced plans to construct an elevated road on the Eastern Express Highway to enhance traffic flow and reduce congestion. This project aims to provide real-time alerts to authorities for s
Saudi Arabia's Stock Market Surges: Tadawul All Share Index Climbs 1.09%
The Saudi Arabian stock market closed higher on a strong showing from key sectors, with the Tadawul All Share Index rising by 1.09%. Notably, Saudi Research and Marketing Group and Banan Real Estate Company were among the top gainers.