The company noted that pre-sales were primarily driven by sustainment sales from ongoing projects, with no new launches scheduled during the quarter.
Collections for the quarter reached ₹599 crore, representing a 4% increase from ₹575 crore in Q1FY26. The company mentioned that collections from previously sold units and ongoing projects continued to bolster cash flows.
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The area sold by the company was 3.2 lakh square feet in Q1FY27, compared to 6.3 lakh square feet in Q1FY26 and 5.3 lakh square feet in Q4FY26.
During this quarter, Keystone Realtors added two projects, offering a saleable area of 19.8 lakh square feet, with an estimated gross development value (GDV) of ₹713 crore. The new projects include Utkarsh CHSL at Dindoshi Nagar Cluster, Goregaon East, and a plotted development project in Igatpuri.
The company has outlined a strong launch pipeline for the upcoming quarters across the Mumbai Metropolitan Region (MMR). Keystone Realtors completed one project in Q1FY27, consisting of an area of 70,000 square feet, namely Rustomjee Ashiana at Juhu.
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Boman Irani, CMD of Keystone Realtors Ltd, stated, “Q1FY27 represents a solid start to the year as we build on the momentum established in FY26. This quarter, we achieved pre-sales of INR 6.17 billion, boosted by sustained sales and continued confidence from homebuyers in our
projects.
Looking forward, we have a strong pipeline of launches across the MMR planned for the upcoming quarters. These launches are expected to enhance our market position and contribute to meeting our pre-sales targets for FY27.
With our solid execution capabilities, disciplined project delivery, and favourable market trends, we are well-prepared to drive sustainable growth. On the business development front, we added two projects in the quarter, with an estimated GDV of INR 7.13 billion, further reinforcing our future launch pipeline.”
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Shares of Keystone Realtors Ltd closed at ₹423.45, up by ₹1.45, or 0.34%, on the BSE.
