Keystone Realtors secures redevelopment project in Andheri, Mumbai
Keystone Realtors (Rustomjee Group) has been selected by 8 housing societies as the developer for the large-scale cluster redevelopment project in the highly sought after residential neighbourhood of Andheri West, Mumbai.
The Development Agreement (DA) has already been executed with 5 societies, while LOIs have been received from the remaining 3 societies, with DA execution expected over the next few days.
The project involves the redevelopment of a cluster of private housing societies located in the heart of Andheri's vibrant residential hub, with a cumulative plot area of approximately 4.75 Acres (19,229 square meters), encompassing 548 existing members. The proposed redevelopment is expected to unlock a saleable area of approximately 10.6 lakh square feet and generate a Gross Development Value (GDV) of ~Rs. 3,000 crore.
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