Keystone Realtors Limited — Important, 04-07-2025: General Updates

Keystone Realtors has announced a board meeting to discuss the financial results for the quarter and half-year. The company has received the Letter of Acceptance for redeveloping GTB Nagar, Sion Koliwada, a key urban transformation project in collaboration with MHADA. This redevelopment involves no transfer of title; Keystone gains development rights and will allocate additional carpet area to existing society members. The project’s costs are expected to be recovered by leveraging additional Floor Space Index (FSI) as per applicable norms, enhancing the company’s growth prospects in Mumbai’s housing segment.