Curation Team
NEW DELHI: Keystone Realtors has recorded pre-sales of ₹10.68 billion in Q1 FY26, a 75% jump over ₹6.11 billion it reported in Q1 FY25. The company attributes this robust performance to the launch momentum and strategic redevelopment focus that continued from the previous fiscal year.
Collections during the quarter stood at ₹5.75 billion, up 19% year-on-year, underlining steady cash flow and customer confidence.
Boman Irani, chairman & managing director of the company said, “We recorded Pre-Sales of ₹10.68 billion, reflecting a robust 75% year-on-year growth. During the quarter, we launched three projects with an estimated gross development value (GDV) of ₹40 billion representing nearly 57% of our full-year FY26 guidance achieved in just the first quarter. On the business development front, we secured three new projects in Q1FY26, adding a GDV of ₹77.27 billion. With this, we have already surpassed our full-year FY26 guidance for new additions.”
The company launched three new projects — Rustomjee Balmoral in Chembur, Rustomjee Crescent at Pali Hill, and Rustomjee Cliff Tower in Bandra — with a combined saleable area of 0.91 million sq ft and estimated gross development value (GDV) of ₹40 billion. With this, the company has already achieved 57% of its full-year launch guidance in just the first quarter.
It also added three prime redevelopment projects totaling 3.25 million sq ft of saleable area and GDV of ₹77.27 billion in Mumbai — GTB Nagar at Sion, Lokhandwala Cluster in Andheri West, and Swarganga CHSL in Goregaon East. The additions mean it has already exceeded its full-year guidance within Q1 FY26.
ICRA, a credit rating agency, upgraded Keystone’s rating to “ICRA A+” with a stable outlook, up from “ICRA A” with positive outlook.
