Keystone Realtors Targets Rs 4,500 Crore Revenue from 11.19-Acre Redevelopment in Mumbai
Keystone Realtors Ltd, a leading real estate firm in Mumbai, is set to redevelop an 11.19-acre project in the city, aiming for a sales revenue of over Rs 4,500 crore from the free saleable area.
Real EstateRedevelopmentMumbaiKeystone RealtorsRustomjeeReal Estate MumbaiJul 01, 2025
Keystone Realtors, based in Mumbai and operating under the Rustomjee brand, is one of the leading real estate firms in the country. The company has a strong track record of delivering high-quality projects and has been at the forefront of urban development in Mumbai.
In a regulatory filing on Tuesday, Keystone Realtors announced that it has received the Letter of Acceptance (LOA) for the redevelopment of GTB Nagar in Sion. This large-scale project will benefit over 1,400 families and is expected to unlock a saleable area of approximately 20.7 lakh square feet, with an estimated Gross Development Value (GDV) of around Rs 4,521 crore.
The redevelopment project is a testament to Keystone Realtors' commitment to inclusive and community-first development. The company is working closely with public bodies to revitalize the city's aging housing stock into modern, resilient, and future-ready neighborhoods. This approach not only enhances the quality of life for residents but also contributes to the overall development of the city.
Keystone Realtors was incorporated in 1995 and has since completed 37 projects and is currently constructing 16 projects. The company has delivered over 26 million square feet of real estate and has a pipeline of more than 40 million square feet in the works. This extensive portfolio underscores the company's expertise and dedication to delivering high-quality, sustainable developments.
The GTB Nagar project in Sion is a significant milestone for Keystone Realtors, as it represents a major step towards achieving the company's vision of creating modern, inclusive, and sustainable communities. By partnering with MHADA, Keystone Realtors is ensuring that the project not only meets the needs of the current residents but also sets a new standard for urban redevelopment in Mumbai.
Frequently Asked Questions
What is the size of the redevelopment project in Sion, Mumbai?
The redevelopment project in Sion, Mumbai, spans 11.19 acres.
What is the expected sales revenue from this project?
Keystone Realtors is expecting a sales revenue of over Rs 4,500 crore from the free saleable area of the project.
How many families will benefit from this redevelopment?
The project will benefit over 1,400 families.
What is the estimated Gross Development Value (GDV) of the project?
The estimated Gross Development Value (GDV) of the project is around Rs 4,521 crore.
Who is Keystone Realtors collaborating with for this project?
Keystone Realtors is collaborating with the Maharashtra Housing and Area Development Authority (MHADA) for this redevelopment project.
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