Keystone Realtors Limited has released its key operational updates for the second quarter of the fiscal year 2025, demonstrating robust growth across several performance metrics. The company reported pre-sales of ₹7 billion for Q2 FY25, marking an impressive 129% increase from ₹3.06 billion in Q2 FY24. Year-to-date (YTD) pre-sales for H1 FY25 stand at ₹13.11 billion, a 62% rise from ₹8.07 billion in H1 FY24.
Collections for Q2 FY25 were ₹5.52 billion, slightly down from ₹5.85 billion in Q2 FY24. YTD collections for H1 FY25 amounted to ₹10.37 billion, compared to ₹10.80 billion in the same period last year. Keystone Realtors launched three new RERA projects in Q2 FY25, including “Verdant Vistas ‘A’ Wing” and “Verdant Vistas ‘B’ Wing” at Urbania, and “Belle Vie” in Kasara. These projects collectively cover a saleable area of 2.49 million square feet and have an estimated gross development value (GDV) of ₹20.40 billion. In total, five projects were launched in H1 FY25, with an estimated GDV of ₹40.57 billion.
The company added three new projects in Q2 FY25, contributing an additional GDV of ₹13.33 billion. This brings the total to four new projects for H1 FY25, with a combined GDV of ₹23.17 billion, achieving 58% of their FY25 guidance. Keystone Realtors completed two RERA projects in Q2 FY25, namely “Erika” in Bandra East and “Bella C & D Wing” in Bhandup, covering a total construction area of 0.38 million square feet.
Mr. Boman Irani, Chairman and Managing Director of Keystone Realtors, expressed optimism about the company’s performance. “As we successfully complete the second quarter of FY25, I am thrilled to share that we are at a pivotal moment for our company. Building on the remarkable momentum from FY24, our pre-sales have soared to ₹7 billion in Q2 FY25, marking a phenomenal quarterly growth of 129% year-on-year. With the festive season approaching, we’re excited about our strong pipeline of launches for the rest of FY25. The redevelopment opportunity in Mumbai is immense, and as the most preferred redevelopment player, we are strategically positioned to ride on the current momentum,” Irani stated.
