Keystone Realtors Limited has informed the Exchange about General Updates
RUSTOMJEE · price
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On the reaction day the stock moved 0.8 pts more than Nifty Microcap 250 and 1.1 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Keystone Realtors (Rustomjee) has been chosen by 8 housing societies in Andheri West, Mumbai for a large-scale cluster redevelopment project. The societies include Arena CHSL, Belmont CHSL, Rohit Apartments CHSL, Shree Padmavati CHSL, Cosmos CHSL, Mota Mahal CHSL, Mota Mansions CHSL, and The Ballerina CHSL. The company will receive development rights in exchange for providing additional carpet area to existing society members, and will monetise additional Floor Space Index (FSI) under DCPR 2034 norms. No title transfer is involved, and the transaction is not a related party deal. MHADA approval will be sought at a later stage.
This expands Keystone's redevelopment pipeline in a prime Mumbai micro-market, potentially adding future revenue and inventory. However, no financial value, project size, or timelines are disclosed yet, so near-term stock impact may be limited.