Rustomjee Group Adds Rs 7,727 Crorer Redevelopment Projects in Q1 FY26

 

Mumbai-based real estate developer Keystone Realtors Ltd, popularly known as the Rustomjee Group, has announced a significant leap in its business performance during the first quarter of FY26. The company has added three major redevelopment projects in Mumbai with a combined Gross Development Value (GDV) of Rs 7,727 crore, reflecting its continued dominance in the city’s redevelopment space.

 

The newly added projects GTB Nagar, Lokhandwala Cluster, and Swarganga CHSL contribute 3.25 million sq ft of saleable area, further cementing Rustomjee’s position as a redevelopment leader. In Q1 FY26 alone, the company launched projects spanning 0.91 million sq ft with a GDV of Rs 4,000 crore, achieving 57% of its full-year FY26 target within the first quarter.

 

Keystone Realtors reported pre-sales of Rs 1,068 crore in Q1 FY26, a substantial 75% year-on-year (YoY) increase from Rs 611 crore in the corresponding quarter last year. This marks the company’s highest-ever Q1 pre-sales, setting a strong tone for the remainder of the fiscal year. Additionally, collections for the quarter rose by 19% YoY to Rs 575 crore, up from Rs 485 crore in Q1 FY25.

 

Chairman and Managing Director Boman Irani stated, “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. With this, we have already surpassed our full-year FY26 guidance for new additions”.

 

He emphasized the company's focus on Mumbai’s redevelopment potential and credited the robust quarterly performance to agile business development and strategic project launches.

 

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Further strengthening its financial standing, Keystone Realtors received a credit rating upgrade from ICRA, with ratings of ‘ICRA A+’ (Stable) and ‘ICRA A’ (Positive), reinforcing market confidence in its operational and financial resilience.

 

With strong numbers, strategic project additions, and increased investor confidence, Keystone Realtors appears well-positioned to maintain its growth momentum through FY26.