A prominent real estate firm known for developing lifestyle projects, Keystone Realtors announced that the pre-sales value of the company stood at Rs. 843 crore during the last fiscal between the period of January-March by recording a revenue growth of 37 percent quarter-on-quarter & 78 percent YoY.
As per the exchange filing, Keystone Realtors said that its pre-sales value for FY24 recorded Rs. 2,266 crore displaying a YoY growth of 41 percent.
The Realty developer Keystone Realtors has successfully finished six buildings with construction area spanning over 1.46 million square feet in the fourth quarter.
For the financial year 2024, the company concluded 12 buildings with construction area spanning over 4.65 million square feet.
The properties of Keystone Realtors based in Mumbai are controlled under the 'Rustomjee' brand. Mainly, it concentrates on developing residential properties in MMR - Mumbai Metropolitan Region.
Expressing to this revenue growth, CMD of Keystone Realtors, Boman Irani says, "The fiscal year FY24 has proven to be an eventful period for our company, marked by notable achievements across all key performance metrics including Pre-Sales, Collections, Launches, and New Project Additions. Our performance metrics have surpassed the guidance in most of the parameters, exemplified by the remarkable achievement in Pre-Sales for FY24, which amounted to ₹2,266 crores, reflecting a notable 41% YoY growth, and well ahead of our projected 25% YoY”.
Further Irani added, "Moreover, our exceptional performance in Business Development further underscores our ability to seize opportunities and drive growth. This positions our company for significant advancement, in line with our ambitious goals. I am delighted to announce our sustained and robust performance, and we remain confident in our ability to meet our targets for Pre-Sales growth and New Launches, thereby solidifying our position to deliver substantial value to all our stakeholders”.
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