NSEGeneral Updates8 Oct 2026 · 8 Oct 2026, 11:19 am
General Updates
Keystone Realtors Limited · RUSTOMJEE
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Keystone Realtors Limited has announced its operational performance for Q2FY27, with highest ever quarterly pre-sales of INR 14.23 billion, a 84% year-on-year growth, and 41% of full-year FY27 pre-sales guidance achieved in the first half. The company has also launched two projects with an estimated GDV of INR 21.96 billion and commenced construction of a commercial project.
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Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment8/10
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Keystone Realtors Limited has informed the Exchange about General Updates
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RUSTOMJEE_08102026111902_KOD_Q2FY27.pdf
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Date: October 8, 2026
The General Manager, The Manager,
Listing Department, Listing & Compliance Department,
Bombay Stock Exchange Limited, National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, G Block,
Dalal Street, Bandra Kurla Complex,
Mumbai – 400 001 Bandra East, Mumbai – 400 051
Scrip Code: 543669 Scrip Symbol: RUSTOMJEE
Subject- Disclosure pursuant to Regulation 30 of Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015 (“the Regulations”)
Dear Sir / Madam,
Please find below our Key Operational Updates for H1FY27 & Q2FY27:
Operational
Performance Matrix Q2FY27 Q2FY26 Q1FY27
Growth (%)
(QoQ)
Area (In Mn Sqft) 0.65 0.50 31% 0.32
Pre-Sales (In Rs. bn) 14.23 7.72 84% 6.17
Collection (In Rs. bn) 5.41 6.69 -19% 5.99
Operational
YTD YTD YTD
Performance Matrix FY26
H1FY27 H1FY26 Growth (%)
(YTD)
Area (In Mn Sqft) 0.97 1.13 -14% 2.12
Pre-Sales (In Rs. bn) 20.41 18.39 11% 40.22
Collection (In Rs. bn) 11.41 12.45 -8% 26.22
a) Pre-Sales: Achieved highest ever quarterly Pre-Sales of INR 14.23 bn in Q2FY27 as
compared to INR 7.72 bn in Q2FY26, showing a growth of 84% YoY basis. Pre-Sales
for H1 at an all-time high of INR 20.41 bn for H1FY27 as compared to INR 18.39 bn
for H1FY26, showing a growth of 11% YoY on half yearly basis. Achieved 41% of full
year FY27 Pre-Sales guidance in first half of the financial year. The performance was
led by strong momentum from our Luxury and Super Premium projects.
b) Collections: Collections are at INR 5.41 bn in Q2FY27 as compared to INR 6.69 bn in
Q2FY26. Collection stood at INR 11.41 bn for H1FY27 as compared to INR 12.45 bn
for H1FY26.
c) New Launches: Launched our project “Rustomjee Ozone Skye” at Malad West and
Commenced construction of our Commercial project “25HQ” at Prabhadevi in
Q2FY27. These strategic developments significantly expand our footprint, adding a
combined total saleable area of 0.54 mn sq. ft. to our Ongoing projects, representing
an estimated GDV of INR 21.96 bn.
KEYSTONE REALTORS LIMITED
Registered Office: 702, NATRAJ, M. V. Road Junction, Western Express Highway, Andheri (East), Mumbai-400069.
Tel.: +912266766888 | CIN: L45200MH1995PLC094208| Website:www.rustomjee.com
d) Business Development: We have added 2 Projects in H1FY27 having saleable area of
1.41 mn sq. ft. and an estimated GDV of INR 5.47 bn (“Utkarsh CHSL”, at Dindoshi
Nagar Cluster, Goregaon East, “Plotted Development”, at Igatpuri). These strategic
additions reinforce the Company's leadership in cluster redevelopment, a key scale
multiplier, while further expanding its presence in the plotted development segment,
which serves as a velocity multiplier, supporting its long-term growth objectives.
e) Completions: We have completed 3 RERA Projects in Q2FY27 with total construction
area of 1.32 mn sq. ft. (“Rustomjee La Familia – A”, “Rustomjee La Familia – B” and
“Rustomjee La Familia – C” at Urbania, Thane). With this we have completed 4
RERA Projects in H1FY27 with a total construction area of 1.39 mn sq ft. The projects
are completed 6 to 12 months ahead of its RERA timeline which stands as a strong
testament to our execution capabilities.
f) Credit Rating: We are Dual “AA- (with Stable Outlook)” rated from CRISIL and ICRA.
g) Key Strategic Initiatives:
i. Implementation of Innovative construction technology by signing a contract
with Robin Village Development (RVD - a subsidiary of Tiong Seng) from
Singapore to set up an in-house pre-cast plant. RVD shall be the
manufacturing as well as be the installation contractor for this initiative. This
will help Rustomjee deliver faster, cleaner, environment friendly &
consistently high quality construction at our projects.
ii. Expansion of fund management business undertaken by Mt K Kapital, an
announcement of 2nd fund of USD 450 mn in a JV with our Japanese partner,
Marubeni Corporation.
Commenting on the Company’s operational performance for Q2FY27, Mr. Boman Irani,
CMD of Keystone Realtors Limited, said
“As we successfully close the second quarter of FY27, I am delighted to share that our
company continues to progress through a pivotal phase of growth and opportunity. This
quarter marks yet another period of strong performance, reaffirming our consistent growth
trajectory and disciplined execution. Building on the solid momentum carried forward from
FY26, we achieved our highest ever Quarterly Pre-Sales of INR 14.23 billion in Q2FY27,
reflecting a 84% year-on-year growth and thereby achieving our highest ever H1 Pre-Sales of
INR 20.41 billion in H1FY27. We successfully accomplished about 41% of our full-year FY27
Pre-Sales guidance within the first half of FY27. This landmark performance was driven by
exceptional demand for our Luxury and Super premium projects. During the quarter, we
commenced two projects with an estimated GDV of INR 21.96 billion in Q2FY27, one of these
projects being commercial, enables us to expand our commercial portfolio for long-term
annuity cashflows. These launches are expected to strengthen our market position and
support our objective of achieving the pre-sales guidance for FY27. With the festive season
approaching, we’re excited about our strong pipeline of launches for the rest of FY27. I am
confident that we are well-equipped to not only acquire new projects but also bring them to
life efficiently. Redevelopment in Mumbai continues to remain a core strategic focus, offering
immense potential for sustained value creation. As one of the most preferred redevelopment
KEYSTONE REALTORS LIMITED
Registered Office: 702, NATRAJ, M. V. Road Junction, Western Express Highway, Andheri (East), Mumbai-400069.
Tel.: +912266766888 | CIN: L45200MH1995PLC094208| Website:www.rustomjee.com
players in the MMR region, we are uniquely positioned to capture these opportunities and
strengthen our leadership in this segment. Backed by a strong balance sheet, we are well
capitalized and equipped to continue delivering long-term value to all stakeholders. We
remain confident in our ability to maintain a strong growth trajectory in both acquisitions and
project launches throughout the remainder of the year. We are confidently poised to deliver
substantial value to all stakeholders as we navigate through this year."
Please note that aforesaid nos. are provisional and subject to audit. This is for the information
of all concerned. Request you to kindly disseminate the above information on your respective
websites.
Thanking you,
Yours faithfully,
For Keystone Realtors Limited
Bimal K Nanda
Company Secretary and Compliance Officer
Membership No. ACS - 11578
KEYSTONE REALTORS LIMITED
Registered Office: 702, NATRAJ, M. V. Road Junction, Western Express Highway, Andheri (East), Mumbai-400069.
Tel.: +912266766888 | CIN: L45200MH1995PLC094208| Website:www.rustomjee.com