Keystone Realtors Reports Record FY26 Pre-Sales

10 Apr 2026 CW Team

Collections also reached a record high of Rs 8.53 bn in Q4FY26, up from Rs 7.47 bn in Q4FY25, registering 14 per cent year-on-year growth. For FY26, collections rose to Rs 26.21 bn from Rs 23.27 bn in FY25, showing a 13 per cent increase.

During Q4FY26, the company launched two projects with a saleable area of 0.69 mn sq ft and an estimated gross development value (GDV) of Rs 39.78 bn. These included Bandstand Cama at Bandra West and Rustomjee Vista Bay at Sewri. In FY26, Keystone Realtors launched seven projects with an estimated GDV of Rs 98.13 bn, compared to Rs 50.19 bn in FY25, recording 96 per cent year-on-year growth. The company achieved 140 per cent of its full-year launch guidance of Rs 70 bn.

On the business development front, the company added one project in Q4FY26 with a saleable area of 0.84 mn sq ft and an estimated GDV of Rs 17.72 bn at Andheri East. Across FY26, it added five projects with a total saleable area of 4.32 mn sq ft and an estimated GDV of Rs 104.20 bn, compared to Rs 47.83 bn in FY25, marking a 118 per cent increase. The added projects include GTB Nagar at Sion, Lokhandwala Cluster at Andheri West, Swarganga CHSL at Dindoshi Nagar Cluster in Goregaon East, The Homestead CHSL at Lokhandwala Cluster, and Om Nagar CHSFL at Andheri East. All of these are redevelopment projects. The company achieved 174 per cent of its full-year business development guidance of Rs 60 bn.

Keystone Realtors completed three projects in Q4FY26 with a construction area of 0.25 mn sq ft. For the full year, it completed six projects with a total area of 2.23 mn sq ft.

In addition to ICRA’s credit rating of A+ with Stable Outlook, India Ratings assigned the company a credit rating of A+ with Positive Outlook.

Commenting on the performance, Boman Irani, CMD, Keystone Realtors, said the company delivered a strong FY26 across pre-sales, collections, business development and new launches, while continuing to strengthen its position in Mumbai’s redevelopment market.

Keystone Realtors reported its highest-ever pre-sales of Rs 13.46 bn in Q4FY26, compared to Rs 8.54 bn in Q4FY25, marking a 58 per cent year-on-year increase. For the full year FY26, pre-sales stood at Rs 40.22 bn against Rs 30.28 bn in FY25, reflecting a 33 per cent rise and meeting the company’s full-year guidance.Collections also reached a record high of Rs 8.53 bn in Q4FY26, up from Rs 7.47 bn in Q4FY25, registering 14 per cent year-on-year growth. For FY26, collections rose to Rs 26.21 bn from Rs 23.27 bn in FY25, showing a 13 per cent increase.During Q4FY26, the company launched two projects with a saleable area of 0.69 mn sq ft and an estimated gross development value (GDV) of Rs 39.78 bn. These included Bandstand Cama at Bandra West and Rustomjee Vista Bay at Sewri. In FY26, Keystone Realtors launched seven projects with an estimated GDV of Rs 98.13 bn, compared to Rs 50.19 bn in FY25, recording 96 per cent year-on-year growth. The company achieved 140 per cent of its full-year launch guidance of Rs 70 bn.On the business development front, the company added one project in Q4FY26 with a saleable area of 0.84 mn sq ft and an estimated GDV of Rs 17.72 bn at Andheri East. Across FY26, it added five projects with a total saleable area of 4.32 mn sq ft and an estimated GDV of Rs 104.20 bn, compared to Rs 47.83 bn in FY25, marking a 118 per cent increase. The added projects include GTB Nagar at Sion, Lokhandwala Cluster at Andheri West, Swarganga CHSL at Dindoshi Nagar Cluster in Goregaon East, The Homestead CHSL at Lokhandwala Cluster, and Om Nagar CHSFL at Andheri East. All of these are redevelopment projects. The company achieved 174 per cent of its full-year business development guidance of Rs 60 bn.Keystone Realtors completed three projects in Q4FY26 with a construction area of 0.25 mn sq ft. For the full year, it completed six projects with a total area of 2.23 mn sq ft.In addition to ICRA’s credit rating of A+ with Stable Outlook, India Ratings assigned the company a credit rating of A+ with Positive Outlook.Commenting on the performance, Boman Irani, CMD, Keystone Realtors, said the company delivered a strong FY26 across pre-sales, collections, business development and new launches, while continuing to strengthen its position in Mumbai’s redevelopment market.

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