Keystone Sets Rs 40 Bn Sales Target for FY26
22 May 2025 CW Team
Keystone Realtors Ltd, the Mumbai-based real estate firm operating under the Rustomjee brand, aims to achieve housing sales worth Rs 40 billion in the current financial year, marking a 32 per cent year-on-year growth. This target reflects continued robust demand for quality residential properties, especially from established developers, according to Chairman and Managing Director Boman Irani.
In an interview with PTI, Irani stated that the company surpassed its guidance for FY25, recording pre-sales of Rs 30.28 billion, a 34 per cent increase from the previous year. "We have achieved steady and consistent growth and exceeded all our performance targets," he said.
Looking ahead to FY26, Irani expressed confidence in maintaining momentum, noting that several projects have already been launched in the past six weeks, with a strong pipeline planned for the rest of the year. Keystone Realtors launched projects worth Rs 50 billion in FY25, a figure expected to be exceeded in the current fiscal.
The company continues to focus on expansion through land acquisition, having secured nine land parcels in FY25 with a future sales potential of Rs 47.83 billion. Keystone remains committed to the Mumbai Metropolitan Region (MMR) and other parts of Maharashtra for further development.
Financially, Keystone Realtors reported a 69 per cent rise in consolidated net profit to Rs 1.88 billion in FY25, up from Rs 1.11 billion in the previous year. However, total income declined to Rs 21.21 billion from Rs 22.76 billion.
"This performance underlines the resilience of our asset-light, redevelopment-focused model, particularly in MMR," said Irani, who also serves as Chairman of CREDAI, the apex body of real estate developers.
To date, Keystone Realtors has completed 37 projects and is currently executing 16 more. The company has delivered over 26 million square feet of built-up area and has a future pipeline of more than 40 million square feet under development.