Keystone Realtors' Massive Mumbai Redevelopment: Transforming GTB Nagar

Keystone Realtors Ltd is set to redevelop a significant 11.19-acre project in Mumbai's GTB Nagar, aiming for sales revenue exceeding Rs 4,500 crore. This development will modernize the urban landscape in collaboration with MHADA, benefiting over 1,400 families and expanding Keystone's successful real estate portfolio.

Devdiscourse News Desk | Mumbai | Updated: 01-07-2025 13:48 IST | Created: 01-07-2025 13:48 IST

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Keystone Realtors Ltd is embarking on a significant redevelopment project in Mumbai, transforming an 11.19-acre site in GTB Nagar. The company projects over Rs 4,500 crore in sales revenue from this venture.

Known for properties under the Rustomjee brand, Keystone is a dominant force in India's real estate market. The firm recently received the Letter of Acceptance for this ambitious development, a top-tier urban transformation effort, in partnership with Maharashtra Housing and Area Development Authority (MHADA).

Spread across a plot area of approximately 11.19 acres, this redevelopment will directly benefit more than 1,400 families, creating a saleable area of around 20.7 lakh square feet. The Gross Development Value is estimated at Rs 4,521 crore. By collaborating with public entities, Keystone Realtors is committed to revitalizing Mumbai's aging housing infrastructure into vibrant, future-ready communities.

(With inputs from agencies.)