Andheri West Gets a ₹3,000 CR Rustomjee Makeover

Keystone Realtors Ltd, popularly known as the Rustomjee Group, has been selected to undertake the cluster redevelopment of eight housing societies in Andheri West—one of Mumbai’s most prominent suburban neighbourhoods.

Located in the bustling Lokhandwala area, the project spans 4.75 acres (approximately 19,229 sq. mtrs.) and involves 548 existing residents. The redevelopment is expected to unlock around 10.6 lakh sq. ft. of saleable area, with an estimated Gross Development Value (GDV) of ₹3,000 crore.

Development Agreements (DAs) have already been executed with five of the societies, while Letters of Intent (LOIs) have been received from the remaining three. The final DA signings are anticipated soon.

This project aligns with Rustomjee’s strategic focus on expanding its presence in high-growth suburban micro-markets and diversifying its real estate portfolio. It also strengthens the company’s development pipeline for the current financial year, reinforcing its leadership position in Mumbai’s real estate landscape.

News by Rahul Yelligetti.