Keystone Realtors, a leading real estate developer, has announced strong operational performance for the first quarter of fiscal year 2025. The company achieved pre-sales of INR 6.11 billion, a 22% year-over-year growth, and collections of INR 4.85 billion. Keystone Realtors launched two new projects with a total saleable area of 0.63 million square feet and an estimated GDV of INR 20.17 billion. The company also added a new redevelopment project with a saleable area of 0.35 million square feet and an estimated GDV of INR 9.84 billion. This performance demonstrates Keystone Realtors' commitment to sustained growth and operational excellence.
Keystone Realtors, a leading real estate developer, has announced its operational performance for the first quarter of the fiscal year 2025 (Q1 FY25). The company has reported strong growth across key metrics, demonstrating its commitment to sustained expansion and value creation. Keystone Realtors achieved pre-sales of INR 6.11 billion in Q1 FY25, compared to INR 5.02 billion in the same period last year, representing a remarkable 22% year-over-year (YoY) growth. The company's collections stood at INR 4.85 billion in Q1 FY25, compared to INR 4.95 billion in Q1 FY24.
In line with its guidance, the company launched two new projects, "180 Bayview" in Matunga West and "Ocean Vista" in Versova, with a total saleable area of 0.63 million square feet and an estimated Gross Development Value (GDV) of INR 20.17 billion. Keystone Realtors also added one new redevelopment project in Q1 FY25, with a saleable area of 0.35 million square feet and an estimated GDV of INR 9.84 billion. This strategic addition aligns with the company's goal of maintaining and strengthening its leadership in the redevelopment space.
The impressive 41% YoY growth in pre-sales in FY24, surpassing the company's 25% guidance, is a testament to its strategic direction and operational excellence. Commenting on the company's operational performance for Q1FY25, Boman Irani, CMD of Keystone Realtors Limited, said that Keystone Realtors is confidently set to deliver substantial value to all stakeholders as it navigates through this year, anticipating a strong uptrend in both acquisitions and launches.
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