Keystone Realtors (Rustomjee Group) has been selected as the developer of choice to redevelop the plot and premises of Veena Nagar Co-operative Housing Society & NeelKamal Ghruh Cooperative Housing Society on a combined land admeasuring around 12,120 square meters in Malad (W), Mumbai, Maharashtra.
In addition to rehousing 342 existing members of both the societies, this redevelopment will lead to sale potential of around 3,42,000 sq. ft. of RERA carpet area with the expected Gross Development Value (GDV) of around Rs 1200 crore. This development is in line with Rustomjee strategy to build diversified portfolio across ticket sizes and will further strengthen Rustomjee presence into the growing western suburbs of Mumbai. The project is expected to be launched in next calendar year.
With these additions, Rustomjee has already added 8 new projects in current financial year with the total GDV of around Rs 7000 crore.
Keystone Realtors is one of the prominent real estate developers and is engaged primarily in the business of real estate construction, development and other related activities in India.
