Keystone Realtors Limited Reports Strong FY26 Performance with Record Pre-Sales and Strategic Growth
Keystone Realtors Limited has delivered a strong operational performance for FY26, achieving record-breaking pre-sales, steady growth in collections, and significant expansion in its redevelopment portfolio.
The company reported its highest-ever quarterly pre-sales of INR 13.46 billion in Q4 FY26, marking a 58% year-on-year growth compared to INR 8.54 billion in Q4 FY25. For the full year, pre-sales stood at INR 40.22 billion, reflecting a 33% YoY growth and successfully meeting its annual guidance.
Collections also reached a new milestone, with INR 8.53 billion recorded in Q4 FY26, a 14% increase over the same period last year. Annual collections rose to INR 26.21 billion, up 13% YoY, demonstrating consistent cash flow strength.
On the launch front, the company introduced two new projects in Q4 FY26 “Bandstand Cama” in Bandra West and “Rustomjee Vista Bay” in Sewri together contributing a saleable area of 0.69 million sq. ft. and an estimated Gross Development Value (GDV) of INR 39.78 billion. For FY26, Keystone Realtors launched a total of seven projects with an estimated GDV of INR 98.13 billion, achieving 140% of its annual launch guidance and registering a 96% YoY growth.
In terms of business development, the company added one project in Q4 FY26 “Om Nagar CHSFL” in Andheri East—with a GDV of INR 17.72 billion. Overall, five projects were added during FY26, spanning 4.32 million sq. ft. and a GDV of INR 104.20 billion, marking a 118% YoY growth and exceeding full-year guidance by 174%. All newly added projects are redevelopment-focused, reinforcing the company’s leadership in this segment.
Construction progress remained steady, with three projects completed in Q4 FY26 and a total of six projects delivered during the year, covering 2.23 million sq. ft.
Further strengthening its financial standing, the company received an “A+ (Stable Outlook)” rating from ICRA and an “A+ (Positive Outlook)” rating from India Ratings.
Commenting on the performance, Boman Irani, CMD of Keystone Realtors Limited, said,
“FY26 has been an eventful and successful year, marked by strong achievements across pre-sales, collections, business development, and new launches. We have surpassed our guidance across most parameters, with pre-sales reaching INR 40.22 billion, reflecting a 33% year-on-year growth. Our collections also demonstrated steady growth at INR 26.21 billion. With a robust redevelopment pipeline in Mumbai and a strong balance sheet, we are well-positioned to capitalize on emerging opportunities and deliver sustained value to our stakeholders.”
With consistent performance across key metrics and a strategic focus on redevelopment projects, Keystone Realtors Limited remains well-positioned for continued growth and expansion in the coming years.
