Mumbai-based listed real estate developer, Keystone Realtors Ltd, also known as Rustomjee Group, plans to foray into the Pune real estate market. The company is currently exploring two potential land parcels of around 100 acres for a township project in the Pune real estate market,
As per, Boman Irani, CMD of Rustomjee Group, the company is studying two proposals right now in a joint development (JD) model for the Pune real estate market and they want to do township similar to the Mumbai Metropolitan Region (MMR). Irani said. “We are exploring projects for Pune currently, and any new entry in a new city will not happen immediately, but only by next year. We have announced a project in the Nagpur real estate market, and we will soon announce the launch of that first and later get into Pune. However, it goes without saying our major focus remains to be MMR and redevelopment of old buildings in MMR,” Irani said.
The company announced three redevelopment projects for its Mumbai portfolio during the first quarter of FY26. These include GTB Nagar, Lokhandwala Cluster, and Swarganga CHSL, adding 3.25?million?sq?ft of saleable area with an estimated GDV of Rs7,727?crore.
In total, the company has around 18 ongoing projects in MMR measuring around 8.61 million sq ft and has 26 projects upcoming of around 23.79 million sq ft. 16 out of these 26 projects are in the price range of Rs1 crore to Rs7 crore.
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