Mumbai, Feb 17: Keystone Realtors Limited (Rustomjee Group), one of Mumbai’s most trusted and leading real estate developers, has been appointed as the developer for a marquee large society redevelopment project of Om Nagar Co-operative Housing Society Federation Limited.

The project encompasses the redevelopment of eight housing societies situated on a strategically located land parcel measuring approximately 20,569.90 square meters in Andheri (East), Mumbai. The redevelopment will rehouse 637 existing members across all societies and unlock a significant free-sale potential of ~5 lakh sq. ft. of RERA carpet area, with an estimated Gross Development Value (GDV) of ~Rs. 1,775 crores.

This project reinforces Rustomjee’s strategy of building a diversified portfolio across ticket sizes, while deepening its presence in Mumbai’s high-growth western suburbs and strengthening its long-term growth visibility. The development aligns with the company’s focus on gated communities and holistic lifestyle offerings through large-layout redevelopment projects.

Commenting on the project, Mr. Boman Irani, Chairman and Managing Director, Keystone Realtors Limited, said:

“We are pleased to have been selected as the preferred developer for the Om Nagar redevelopment project in Andheri (East), which represents a significant addition to Rustomjee’s growing redevelopment portfolio. With a GDV of nearly Rs. 1,775 crores and a substantial development footprint, this project exemplifies our focus on scale, location, and value creation. Urban redevelopment is not just about creating real estate—it’s about revitalizing communities and transforming the way people live in the city. We remain committed to disciplined execution and sustainable, long-term growth.”

With this addition, Rustomjee has further strengthened its project pipeline for FY26, continuing its momentum in acquiring strategically located, high-potential redevelopment projects in key urban clusters, and expanding its footprint in Mumbai’s western suburbs.