Mumbai-based Keystone Realtors, operating under the 'Rustomjee' brand, witnessed a robust 26% annual growth in sales bookings, totaling Rs 1,423 crore during April-December 2023. The company, focusing on Mumbai Metropolitan Region housing projects, reported a 9% rise in sales bookings volume, reaching 0.82 million sq ft. Customer collections surged by 32% to Rs 1,533 crore during this period. Keystone Realtors launched four projects in the first nine months of the fiscal, with an estimated sales value of Rs 2,238 crore. With a completed area of 23 million sq ft and a pipeline exceeding 39 million sq ft, the firm maintains a substantial project portfolio.
Mumbai-based realty firm Keystone Realtors Ltd, recognized for its 'Rustomjee' brand, has demonstrated robust performance, achieving a 26% YoY growth in sales bookings during the April-December 2023 period, amounting to Rs 1,423 crore. With a strategic focus on housing projects within the Mumbai Metropolitan Region (MMR) region, sales bookings for the company exhibited a 9% increase, reaching 0.82 million sq ft compared to 0.75 million sq ft last year. Keystone Realtors experienced a 32% surge in customer collections during the same period, totaling Rs 1,533 crore, up from Rs 1,163 crore.
In the initial nine months of the current fiscal year, Keystone Realtors launched four projects with an estimated sales value of Rs 2,238 crore, further strengthening its market presence. The company has successfully completed projects covering 23 million sq ft and maintains an extensive pipeline exceeding 39 million sq ft.
Keystone Realtors has built a comprehensive portfolio, comprising 34 completed projects, 12 ongoing projects, and 25 upcoming projects. This diverse portfolio underscores the company's commitment to meeting the evolving demands of the real estate market.
The rise in sales bookings and customer collections attests to the robust demand for Keystone Realtors' offerings in the competitive Mumbai real estate landscape. The company's ability to adapt to market dynamics and launch projects with substantial sales value reflects its strategic approach to cater to the housing needs in the Mumbai Metropolitan Region. The company's success in the April-December 2023 period aligns with the broader trends of increased housing demand and positive growth in the real estate sector.
Keystone Realtors' commitment to quality construction and timely delivery, as evidenced by its completed projects, contributes to its reputation and customer trust. The strategic launch of new projects indicates a forward-looking approach, capitalizing on market opportunities and contributing to the overall growth of the real estate sector in the Mumbai Metropolitan Region.
In conclusion, Keystone Realtors' notable performance in sales bookings, volume growth, and customer collections during April-December 2023 underscores its resilience in navigating the competitive real estate landscape. With a substantial project pipeline and a diverse portfolio, the company is well-positioned to continue its positive trajectory, meeting the housing needs of the growing Mumbai Metropolitan Region.
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