Keystone Realtors Selected as Developer for Large Society Redevelopment Project in Mumbai with GDV of ~Rs. 1,775 Crores
Keystone Realtors Limited, a leading real estate developer in Mumbai, has been appointed as the Developer for a large society redevelopment project of Om Nagar Co-operative Housing Society Federation Limited. The project involves the redevelopment of eight housing societies located on a 20,569.90 square meter land parcel in Andheri (East), Mumbai. The proposed redevelopment will result in the rehousing of 637 existing members and is expected to unlock a significant free sale potential of ~5 Lakhs sq. ft. of RERA carpet area, with an estimated Gross Development Value (GDV) of ~Rs. 1,775 crores. This project aligns with Rustomjee’s strategy to build a diversified portfolio across ticket sizes and further deepens its footprint in Mumbai’s high-growth western suburbs.
Key Highlights
- Keystone Realtors Limited selected as the Developer for the redevelopment project of Om Nagar Co-operative Housing Society Federation Limited.
- The project involves the redevelopment of eight housing societies in Andheri (East), Mumbai, Maharashtra.
- The proposed redevelopment will result in the rehousing of 637 existing members and is expected to unlock a significant free sale potential of ~5 Lakhs sq. ft. of RERA carpet area.
- The estimated Gross Development Value (GDV) of the project is ~Rs. 1,775 crores.
- This project aligns with Rustomjee’s strategy to build a diversified portfolio across ticket sizes and further deepen its footprint in Mumbai’s high-growth western suburbs.