Keystone Realtors Selected for Andheri West Cluster Redevelopment Project with GDV of ~3000 Crores
Keystone Realtors Ltd, a leading Mumbai-based real estate developer, has been selected by 8 housing societies as the developer for a large-scale cluster redevelopment project in the highly sought after residential neighborhood of Andheri West, Mumbai. The project involves the redevelopment of a cluster of private housing societies with a cumulative plot area of approximately 4.75 Acres, encompassing 548 existing members. The proposed redevelopment is expected to unlock a saleable area of approximately 10.6 lakh square feet and generate a Gross Development Value (GDV) of ~Rs. 3,000 Crores. This development aligns with Keystone Realtors' strategy to expand its presence in prime suburban markets and build a well-diversified portfolio across micro-markets and ticket sizes.
Key Highlights
- Keystone Realtors Ltd has been selected by 8 housing societies for a large-scale cluster redevelopment project in Andheri West, Mumbai.
- The project involves the redevelopment of a cluster of private housing societies with a cumulative plot area of approximately 4.75 Acres.
- The proposed redevelopment is expected to unlock a saleable area of approximately 10.6 lakh square feet and generate a Gross Development Value (GDV) of ~Rs. 3,000 Crores.
- This development aligns with Keystone Realtors' strategy to expand its presence in prime suburban markets and build a well-diversified portfolio.
- The project reinforces Keystone Realtors' commitment to creating gated communities and holistic lifestyle offerings in urban Mumbai through large layout redevelopments.