Despite the softer pre-sales performance, collections rose 4% year-on-year to ₹599 crore, supported by cash inflows from previously sold units and ongoing sustenance sales. The company said healthy collections continue to strengthen its liquidity position.
The total area sold during the quarter stood at 0.32 million sq. ft., down 49% from the year-ago period.
Looking ahead, Keystone Realtors expects sales momentum to improve as it prepares to launch several projects across the Mumbai Metropolitan Region (MMR) over the coming quarters. The company also expects improving macroeconomic conditions and easing geopolitical uncertainties to support housing demand.On the business development front, the company added two new projects during the quarter with a combined saleable area of 1.98 million sq. ft. and an estimated gross development value (GDV) of ₹713 crore.
The additions include the Utkarsh CHSL redevelopment project in Goregaon East and a plotted development project in Igatpuri. According to the company, these projects strengthen its redevelopment portfolio while expanding its presence in the plotted development segment.
During the quarter, Keystone Realtors also completed Rustomjee Ashiana in Juhu, with a construction area of 0.07 million sq. ft.
Commenting on the performance, Chairman and Managing Director Boman Irani said the June quarter marked a steady start to FY27 despite the lack of new launches. He added that the company’s strong pipeline of upcoming launches across the MMR is expected to support its pre-sales guidance for the year.
Irani also said Keystone Realtors remains well positioned to pursue growth opportunities, backed by a strong balance sheet, healthy liquidity and continued focus on project execution.
