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Keystone Realtors Reports Record Q2 Pre-Sales Surge
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CNBC TV18•08-10-2026, 14:41
Keystone Realtors Reports Record Q2 Pre-Sales Surge
- •Pre-sales in the second quarter rose 84 percent to ₹1,423 crore, marking the highest pre-sales ever for Keystone Realtors.
- •Collections declined 19 percent to ₹541 crore compared to ₹669 crore recorded in the same period last year.
- •The total area sold increased by 31 percent to 0.65 million square feet during the quarter.
- •The company launched the Rustomjee Ozone Skye project in Malad West and started construction on the 25HQ commercial project in Prabhadevi.
- •CMD Boman Irani stated that the firm is well capitalized with a strong balance sheet to maintain long-term value and growth.
Key Questions Answered
In the second quarter, Keystone Realtors reported its highest pre-sales ever, increasing by 84% to ₹1,423 crore compared to ₹774 crore in the previous fiscal. However, its collections declined by 19% to ₹541 crore from ₹669 crore in the year-ago period.
During the second quarter, Keystone Realtors launched the 'Rustomjee Ozone Skye' project in Malad West, Mumbai, and commenced construction on its commercial project '25HQ' in Prabhadevi. These developments added a combined total saleable area of 0.54 million square feet to its ongoing projects, with an estimated gross development value of ₹2,196 crore.
Keystone Realtors completed three RERA projects during the September quarter, covering a total construction area of 1.32 million square feet.
