Keystone Realtors Ltd will redevelop an 11.19-acre site in Mumbai and, furthermore, expects to generate over ₹4,500 crore in sales revenue from the free saleable area.
Mumbai-based Keystone Realtors, known for selling properties under the Rustomjee brand, ranks among the leading real estate developers in India.
In a regulatory filing on Tuesday, the company informed that “it has received the Letter of Acceptance (LOA) for the redevelopment of GTB Nagar in Sion, one of Mumbai’s most impactful urban transformation projects, being undertaken in collaboration with MHADA (Maharashtra Housing and Area Development Authority).”
Spanning approximately 11.19 acres, this large-scale redevelopment project will directly benefit over 1,400 families. Moreover, it aims to unlock nearly 20.7 lakh square feet of saleable area, generating an estimated Gross Development Value (GDV) of ₹4,521 crore.
Keystone Realtors stated that this project further reinforces its commitment to inclusive, community-first development. By strategically partnering with public bodies, the company aims to transform Mumbai’s aging housing stock into modern, resilient, and future-ready neighborhoods.
Established in 1995, Keystone Realtors Ltd has completed 37 projects and is currently working on 16 more. To date, the company has delivered over 26 million square feet of developed space and has a robust pipeline of over 40 million square feet under planning and construction.
