Keystone Realtors Aims for ₹10,000 Crore Pre-Sales by FY30
Keystone Realtors targets pre-sales worth Rs 10,000 cr by FY30
The Economic TimesImage: The Economic Times
Keystone Realtors, operating under the Rustomjee brand, targets pre-sales of ₹10,000 crore (approximately $1.2 billion USD) by FY30, following a 33% year-on-year growth in pre-sales to ₹4,022 crore in FY25. The company also reported its highest quarterly pre-sales of ₹1,346 crore in Q4 FY25, marking a 58% increase year-on-year.
- 01Keystone Realtors aims for ₹10,000 crore in pre-sales by FY30.
- 02Pre-sales bookings reached ₹4,022 crore in FY25, a 33% increase.
- 03The company achieved its highest quarterly pre-sales of ₹1,346 crore in Q4 FY25.
- 04Keystone launched seven projects with a gross development value of ₹9,813 crore in FY26.
- 05Consolidated revenue from operations for FY26 was ₹2,635 crore.
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Keystone Realtors, a notable realty developer based in Mumbai, has set an ambitious target of achieving ₹10,000 crore (approximately $1.2 billion USD) in pre-sales by the financial year 2029-30. This goal follows a remarkable 33% year-on-year growth in pre-sales bookings, reaching ₹4,022 crore in FY25. The company also reported its highest quarterly pre-sales during the January-March quarter at ₹1,346 crore, which is a 58% increase compared to the previous year. Boman Irani, the company's Chairman and Managing Director, highlighted that FY26 has been a defining year, with collections for the year amounting to ₹2,622 crore, and the launch of seven projects with a gross development value (GDV) of ₹9,813 crore, marking a 96% year-on-year growth. Keystone also exceeded its operational guidance significantly, with a consolidated revenue from operations of ₹2,635 crore and a profit after tax of ₹95 crore for FY26. The company maintains a positive cash status and plans to expand its operations to Pune, Nagpur, and Nashik in the near future.
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The ambitious target of ₹10,000 crore in pre-sales could lead to increased job opportunities in construction and real estate sectors, benefiting local economies in Mumbai and the planned expansion cities.
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