Keystone Realtors housing sales bookings up 41% to

Mumbai-based Keystone Realtors Ltd, that develops real estate projects under the Rustomjee brand, on April 8 reported a 41% growth in sales bookings to ₹2266 crore in financial year 2024 as against 1604 crore in FY 2023 on the back of increased housing demand, the company said in a regulatory filing.
“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 Rs. 2266 crore, reflecting a notable 41% YoY growth, well ahead of our projected 25% YoY,” said Boman Irani, CMD of Keystone Realtors Limited.
Collections stood at ₹2203 crore in FY 2024 as against 1862 crore in FY 2023 which amounted to a growth of 18%, the company said.
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During Q4FY24, the company launched two projects Panorama (Pali Hill)and Stella (Bandra East) having a Gross Development Value of ₹735 crore, the company said.
In FY24, the company launched a total of six projects with an estimated GDV of ₹3000 crore, the company said.
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During Q4FY24, the company added four more projects with an estimated GDV of ₹2938 crore. For the period FY24, the company added a total of nine projects with an estimated GDV of around ₹8035 crore.
The company sold 1.21 million square feet area last fiscal, up 17 per cent from 1.04 million square feet in the preceding year, according to the regulatory filing.
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During Q4FY24, the company completed six buildings with a construction area of 1.46 mn sq ft. For the period FY24, the company completed 12 buildings with a construction area of 4.65 mn sq ft, the company said.