The company said pre-sales were supported mainly by sustenance sales across ongoing projects, as there were no new launches planned during the quarter.
Collections during the quarter stood at ₹599 crore, up 4% YoY from ₹575 crore in Q1FY26. The company said collections from previously sold units and ongoing projects continued to support cash flows.
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The company’s area sold stood at 3.2 lakh square feet in Q1FY27, compared with 6.3 lakh square feet in Q1FY26 and 5.3 lakh square feet in Q4FY26.
During the quarter, Keystone Realtors added two projects with a saleable area of 19.8 lakh square feet and an estimated gross development value (GDV) of ₹713 crore. The projects include Utkarsh CHSL at Dindoshi Nagar Cluster, Goregaon East, and a plotted development project at Igatpuri.
The company said it has a strong launch pipeline planned across the Mumbai Metropolitan Region (MMR) over the coming quarters. Keystone Realtors completed one project during Q1FY27 with a construction area of 70,000 square feet, namely Rustomjee Ashiana at Juhu.
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Boman Irani, CMD of Keystone Realtors Ltd, said, “Q1FY27 marks a steady start to the year as we build on the strong momentum achieved in FY26. During the quarter, we recorded pre-sales of INR 6.17 billion, supported by resilient sustenance sales and continued homebuyer confidence in our
projects.
Looking ahead, we have a robust pipeline of launches planned across the MMR over the coming quarters. These launches are expected to strengthen our market position and support our objective of achieving the pre-sales guidance for FY27.
Backed by our execution capabilities, disciplined project delivery, and favourable market fundamentals, we remain well positioned to drive sustainable growth. On the business development front, we added two projects during the quarter with an estimated GDV of INR 7.13 billion, further strengthening our future launch pipeline.”
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Shares of Keystone Realtors Ltd ended at ₹423.45, up by ₹1.45, or 0.34%, on the BSE.
