Rustomjee Group Launches Major Redevelopment Project in Andheri, Mumbai
Mumbai, Feb 17: Keystone Realtors Limited (Rustomjee Group), a renowned and trusted real estate developer in Mumbai, has been appointed as the developer for a landmark large society redevelopment project. The project involves the redevelopment of the Om Nagar Co-operative Housing Society Federation Limited, which comprises eight housing societies located on a strategically situated land parcel of approximately 20,569.90 square meters in Andheri (East), Mumbai.
The redevelopment project will rehouse 637 existing members across all societies. Additionally, it will unlock a significant free-sale potential of around 5 lakh square feet of RERA carpet area, with an estimated Gross Development Value (GDV) of approximately Rs. 1,775 crores. This project underscores Rustomjee’s strategy of building a diversified portfolio across various ticket sizes while deepening its presence in Mumbai’s high-growth western suburbs and enhancing its long-term growth prospects.
The development aligns with Rustomjee’s focus on creating gated communities and offering holistic lifestyle amenities through large-layout redevelopment projects. This approach not only revitalizes existing communities but also transforms the way people live in the city, emphasizing sustainable and community-centric development.
Commenting on the project, Mr. Boman Irani, Chairman and Managing Director of Keystone Realtors Limited, said:
“‘We are pleased to have been selected as the preferred developer for the Om Nagar redevelopment project in Andheri (East), which represents a significant addition to Rustomjee’s growing redevelopment portfolio. With a GDV of nearly Rs. 1,775 crores and a substantial development footprint, this project exemplifies our focus on scale, location, and value creation. Urban redevelopment is not just about creating real estate—it’s about revitalizing communities and transforming the way people live in the city. We remain committed to disciplined execution and sustainable, long-term growth.’”
With this new project, Rustomjee has further strengthened its project pipeline for FY26. The company continues its momentum in acquiring strategically located, high-potential redevelopment projects in key urban clusters, expanding its footprint in Mumbai’s western suburbs. This strategic move is expected to enhance the company’s market position and contribute to the urban transformation of the region.
