Keystone Realtors, a prominent name in India’s real estate sector operating under the trusted Rustomjee brand, is set to make a significant mark in the luxury housing market with the launch of a ₹3,000 crore ultra-luxury residential project in Mumbai next month. The company’s Chairman and Managing Director, Boman Irani, confirmed the announcement as part of its strategic growth plan for the fiscal year 2025-26.
Scheduled to debut in Bandra’s prestigious Bandstand locality, the upcoming project reflects Keystone Realtors confidence in strong housing demand, especially in the Mumbai Metropolitan Region (MMR). The area’s enduring appeal among both end-users and investors makes it an ideal setting for a premium housing development that caters to discerning homebuyers seeking luxury living with superior connectivity and lifestyle advantages.
With an estimated gross development value (GDV) of around ₹3,000 crore, the new luxury project is expected to bolster Keystone’s presence in Mumbai’s high-end real estate space. This launch comes at a time when the company has already recorded remarkable sales momentum, having achieved sales bookings worth ₹1,839 crore in the first half of FY2025-26, marking a robust 40 per cent annual increase.
Irani emphasized that Keystone Realtors aims to easily achieve its annual sales bookings target of ₹4,000 crore, supported by a solid sales pipeline and strong market fundamentals. The company has lined up multiple launches this fiscal year, with earlier projects totaling significant gross development values already in motion.
Beyond new launches, Keystone is also focusing on operational excellence by investing in existing construction projects to ensure timely delivery. The firm has set aside about ₹950 crore for construction activities during the current fiscal, ensuring quality and punctual execution across its portfolio.
The confidence expressed by Keystone Realtors in Mumbai’s luxury segment highlights the ongoing resilience of residential real estate demand in India’s financial capital. With reduced home-loan interest rates and growing wealth creation, high-net-worth individuals continue to consider premium properties as both lifestyle choices and sound investment assets.
Overall, the forthcoming launch reflects Keystone’s strategic vision to strengthen its brand footprint and deliver high-value homes that resonate with the aspirations of India’s luxury homebuyers.
