Keystone Realtors
Keystone Realtors Limited is an Indian real estate development company, which works under the brand Rustomjee. The Company provides different residential buildings, premium gated estates, townships, corporate parks, retail spaces, academies, iconic landmarks, and various other real estate projects.
Keystone Group is one of the prominent real estate developers in terms of absorption in a number of units in the targeted micro markets. The company has a diversified suite of projects across a wide range of price points having developed 20.2 mn sq ft of high-value and reasonable residential buildings, premium estates, townships, and various other projects.
The company has experience developing lifestyle projects, high-value standalone constructions, gated communities, fully integrated townships, re-developments, and stalled projects. It has a diversified portfolio of products across a wide range of price effectiveness and its presence in several micro markets.
the company will benefit from the options available supported by its joint partners. With changing lifestyles and increasing significance to the quality of living, the real estate sector is witnessing a strong market for residential projects, especially in metropolitan areas, which will be a massive possibility for organized and branded players.
In addition to these development projects, the company is also in advanced talks to enter into an agreement to jointly develop three projects in prime areas of the country’s commercial capital. Currently, the company’s development portfolio contains around 11% of work related to redevelopment projects and it is looking to improve this proportion.
Real estate projects affecting redevelopment and rehabilitation are the mainstay of Mumbai’s property market as the land-starved city has few vacant land parcels. At present, around 18,000 properties in the city are awaiting redevelopment and this would be a big business prospect for developers with established brands and execution track records.
The developer has raised more than Rs 636 crore through its maiden share sale. It plans to use a part of the proceeds for repayment and prepayment of certain borrowings availed by the organization and funding acquisition of future real estate projects.
For its joint venture and joint development projects, the capital-light model followed by the company will focus on areas where infrastructure development is visible in terms of government-supported projects and trade activity.
