Keystone Realtors, which operates under the Rustomjee brand, is set to launch an ultra-luxury residential project in Mumbai next month with an estimated gross development value of around ₹3,000 crore. The upcoming development will be located at Bandstand in Bandra, one of Mumbai’s most premium and high-demand residential micro-markets. The project is expected to cater to high-net-worth individuals and luxury homebuyers seeking premium residences in central Mumbai.
The announcement comes amid strong sales momentum for the Mumbai-based developer during the current financial year. Keystone Realtors reported property sales worth ₹1,839 crore during the first half of FY26, marking a year-on-year growth of approximately 40 percent. Encouraged by this performance, the company has maintained its sales booking guidance of ₹4,000 crore for the full financial year.
The Bandra project forms part of Keystone Realtors’ broader expansion strategy, with the company planning multiple launches across the Mumbai Metropolitan Region. Between April and September 2025, the developer launched four residential projects with a combined development value of ₹4,916 crore. In the second half of the financial year, the company plans to introduce four additional projects worth ₹4,832 crore, taking the total value of new launches for the year to about ₹7,000 crore.
Alongside new launches, Keystone Realtors is also focusing on execution and delivery. The company plans to invest nearly ₹950 crore in construction activities during the current fiscal year, reflecting a 15 percent increase compared to the previous year. This investment is aimed at ensuring timely project completion and maintaining construction quality across its portfolio.
According to the company, housing demand in Mumbai and the wider metropolitan region remains stable, supported by sustained buyer interest, redevelopment opportunities, and a growing preference for premium residential projects. Keystone Realtors continues to follow an asset-light development approach, with a strong emphasis on redevelopment and strategic land acquisitions.
The upcoming ultra-luxury launch is expected to further strengthen the company’s presence in Mumbai’s premium housing segment, where limited supply and strong end-user demand continue to support long-term growth prospects
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