Rustomjee wins Om Nagar redevelopment project in Andheri East, GDV Rs 1,775 Cr

Order Above 5pct RevenueBusiness Updates View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-5.3%Reaction day

₹489.95

prior close

₹475.00

announcement price

In-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.7%-4.6% vs market

Residential Commercial Projects peers, median of 61sector-0.9%-4.4% vs sector

On the reaction day the stock moved 4.6 pts less than Nifty Microcap 250 and 4.4 pts less 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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Next day

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UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 61Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Keystone Realtors (Rustomjee Group) has been appointed as developer for the Om Nagar society redevelopment covering 8 housing societies in Andheri East, Mumbai. The project spans about 20,570 sq meters, will rehouse 637 existing members, and offers about 5 lakh sq ft of free sale RERA carpet area. Expected Gross Development Value is around Rs 1,775 crores, adding to Rustomjee's redevelopment pipeline in Mumbai's western suburbs.

Likely market impact

Adds a Rs 1,775 Cr GDV project to the pipeline, strengthening growth visibility in Mumbai's high-demand redevelopment segment.