Keystone Realtors Limited (Rustomjee Group), a leading Mumbai based real estate developer, is pleased to announce that it has been selected by 8 housing societies as the developer for the large-scale cluster redevelopment project in the highly sought after residential neighbourhood of Andheri West, Mumbai.
The Development Agreement (DA) has already been executed with 5 societies, while LOIs have been received from the remaining 3 societies, with DA execution expected over the next few days.
The project involves the redevelopment of a cluster of private housing societies located in the heart of Andheri’s vibrant residential hub, with a cumulative plot area of approximately 4.75 Acres (19,229 square meters), encompassing 548 existing members. The proposed redevelopment is expected to unlock a saleable area of approximately 10.6 lakh square feet and generate a Gross Development Value (GDV) of Rs. 3,000 Crores.
This development aligns with Rustomjee’s strategy to expand its presence in prime suburban markets and build a well-diversified portfolio across micro-markets and ticket sizes. The project reinforces our commitment to creating gated communities and holistic lifestyle offerings in urban Mumbai through large layout redevelopments.
With this addition, Rustomjee has further strengthened its project pipeline for the current financial year, continuing its momentum of adding strategically located high-potential redevelopment projects in key city clusters.
Boman Irani, Chairman and Managing Director, Keystone Realtors Limited, commented, “We are proud to have been selected as the preferred redevelopment partner for this large-format society cluster in Andheri West - one of Mumbai’s most dynamic residential neighbourhoods. With a GDV of nearly Rs. 3,000 Crs and a significant development footprint, this project exemplifies our focus on scale, location, and value creation. We believe that urban redevelopment is not just about creating real estate, but about revitalising communities and transforming the way people live in the city. This cluster-led approach is a testament to the growing trust in Rustomjee’s redevelopment capabilities and our consistent track record of timely delivery and thoughtful design.”
