Keystone Realtors targets pre-sales worth Rs 10,000 cr by FY30

MUMBAI: Realty developer Keystone Realtors has set a pre-sales target of Rs 10,000 crore by 2029-30 after recording a 33% year-on-year growth in pre-sales bookings to Rs 4,022 crore in the financial year 2024-25.

The developer also recorded its highest-ever quarterly pre-sales in the January-March quarter at Rs 1,346 crore, up 58% year-on-year.

The company, which operates under the Rustomjee brand, said it surpassed its guidance across key operational parameters during the financial year, aided by robust project launches and business development additions.


“FY26 has been an eventful and defining year for our company...Our performance metrics have surpassed guidance across all parameters. Our MMR market share has nearly doubled, from FY23 to today. Collections reached Rs 2,622 crore for FY26. Further we also launched 7 projects with an estimated GDV of Rs 9,813 crore, 96% YoY growth. We are planning to expand to Pune, Nagpur and Nashik soon,” said Boman Irani, CMD, Keystone Realtors.

The company added that it has now set an “ambitious yet achievable aspiration” of becoming a Rs 10,000 crore pre-sales company, driven by disciplined execution and long-term value creation.

During 2025-26, the developer added five projects with a total gross development value (GDV) of Rs 10,420 crore, surpassing its full-year guidance of Rs 6,000 crore by 174% and recording a 118% year-on-year growth.

It also launched seven projects with an estimated GDV of Rs 9,813 crore during the year, exceeding its FY26 guidance of Rs 7,000 crore by 140% and posting a 96% year-on-year increase. Collections for FY26 stood at Rs 2,622 crore, up 13% year-on-year, while operating cash flows came in at Rs 715 crore.

On the financial front, consolidated revenue from operations for FY26 stood at Rs 2,635 crore, while EBITDA was reported at Rs 204 crore and profit after tax at Rs 95 crore.

For the fourth quarter, revenue from operations stood at Rs 1,596 crore, EBITDA at Rs 99 crore and PAT at Rs 64 crore. The company completed six projects during FY26 with a total construction area of 2.23 million sq ft.

Gross debt stood at around Rs 755 crore at the end of FY26, with a gross debt-to-equity ratio of 0.26:1. The company said it maintained a net cash positive status throughout the year.