Keystone Realtors, a part of Rustomjee Group, has secured the rights to redevelop two housing societies in Mumbai s Malad West suburb, covering nearly 3 acres. The project is expected to have a sale potential of over 3.42 lakh sq ft of RERA carpet area, with an anticipated Gross Development Value (GDV) exceeding Rs 1,200 crore.
Rustomjee Group company Keystone Realtors initial public offering (IPO) goes live today and the offer concludes on November 16. The Mumbai-based realty developer plans to raise ₹635 crores where ₹560 crores be a fresh issue and ₹75 crores will be offer on sale (OFS).