Deals1 Jul 2025, 10:02 am
Keystone Realtors Ltd Secures LOA for GTB Nagar Redevelopment in Sion with GDV of INR 4,521 Crores
AI Summary
Keystone Realtors Ltd, a leading Mumbai-based real estate developer, has received the Letter of Acceptance (LOA) for the redevelopment of GTB Nagar in Sion. The project is one of Mumbai’s most impactful urban transformation projects, being undertaken in collaboration with MHADA. The large-scale redevelopment will benefit over 1,400 families and is expected to unlock a saleable area of approximately 20.7 lakh square feet, with an estimated Gross Development Value (GDV) of ~Rs. 4,521 Crs. This project reaffirms Rustomjee’s commitment to inclusive and community-first development.
Key Highlights
- Keystone Realtors Ltd has received the LOA for the redevelopment of GTB Nagar in Sion.
- The project is one of Mumbai’s most impactful urban transformation projects.
- The redevelopment will benefit over 1,400 families and is expected to unlock a saleable area of approximately 20.7 lakh square feet.
- The estimated Gross Development Value (GDV) of the project is ~Rs. 4,521 Crs.
- The project reaffirms Rustomjee’s commitment to inclusive and community-first development.