New Launch6 Mar 2026, 12:56 pm
Rustomjee Group Signs Development Agreement with GTB Nagar Societies, MHADA for INR 4,521 Crores GDV Project
AI Summary
Keystone Realtors Limited, through its subsidiary Keymidtown Developers Private Limited, has executed the Development Agreement with the GTB Nagar Societies and MHADA and a separate Construction and Development Agreement with MHADA for the redevelopment of GTB Nagar in Sion. The project, spread across 11.54 Acres, is expected to unlock a saleable area of approximately 20.7 lakh square feet with an estimated Gross Development Value (GDV) of INR 4,521 Crores. The development aims to create a community where development and nature coexist, delivering a modern residential experience.
Key Highlights
- Execution of Development Agreement with GTB Nagar Societies and MHADA and a separate Construction and Development Agreement with MHADA.
- Spread across a plot area of approximately 11.54 Acres (46,731.15 square meters).
- Expected to unlock a saleable area of approximately 20.7 lakh square feet.
- Estimated Gross Development Value (GDV) of INR 4,521 Crores.
- Designed with the most stringent structural safety norms catering to wind and earthquake forces.