Keystone Realtors IPO Analysis @ Chanakyanipothi.com,India`s Oldest & most Trusted Investment Blog. Operational since 8th December 1999, this is the Only Investment Platform in India, which has successfully completed 22 Years

Keystone Realtors IPO Promoters
BOMAN RUSTOM IRANI, PERCY SORABJI CHOWDHRY AND CHANDRESH DINESH MEHTA

Keystone Realtors IPO Company Details

Keystone Realtors is one of the prominent real estate developers (in terms of absorption in number of units) in the micro markets that it is present in. It commands a market share of 28% in Khar, 23% market in Juhu, 11% in Bandra East, 14% in Virar, 3% in Thane and 5% in Bhandup in terms of absorption (in units) from 2017 to 2021. As of March 31, 2022, it had 32 Completed Projects, 12 Ongoing Projects and 19 Forthcoming Projects across the Mumbai Metropolitan Region (“MMR”) that includes a comprehensive range of projects under the affordable, mid and mass, aspirational, premium and super premium categories, all under its Rustomjee brand. As of March 31, 2022, it has developed 20.05 million square feet of high-value and affordable residential buildings, premium
gated estates, townships, corporate parks, retail spaces, schools, iconic landmarks and various other real estate projects.
Since its inception in 1995, it has strived to create a brand focused on customer satisfaction, building communities and nurturing spaces that provide its customers a superior lifestyle.
It has a diversified suite of projects across a wide range of price points, and a presence in several micro markets. It has experience in developing lifestyle projects, high value standalone buildings, gated communities and fully integrated townships, re-developments and stalled projects. It strategically introduces differentiated offerings and corresponding amenities based on the needs of the location and community to maximize its revenue.

Over the years, it has implemented designs based on customer insights and eco-friendly construction technologies to deliver modern lifestyle solutions and a diverse range of projects. Some of its notable projects include Rustomjee Elements, a large, gated community in Upper Juhu, Mumbai; Rustomjee Paramount, a signature complex in Khar, Mumbai; Rustomjee Seasons, 3.82 acres gated community in Bandra Annexe, Mumbai; Rustomjee Crown, a 5.75 acres land parcel for high-end development at Prabhadevi, South Mumbai, consisting of three high-rise towers. Its projects include features for entertainment for the family, such as an approximately 150,000 square feet clubhouse at its Virar Global City project, a 6.22 acres podium at its Thane project, a 11.72 acres amusement park at our Virar Global City project, Leon’s World
which is an interactive play space for children and adults at its Rustomjee Urbania project. It considers gated communities as the future of living and strive to create “nurturing spaces” to deliver convenience, community and comfort to its customers.
As part of our business model, it focuses on entering into joint development agreements, redevelopment agreements with landowners or developers or societies, and slum rehabilitation projects, which requires lower upfront capital investment compared to direct acquisition of land parcels.

For more information, click www.rustomjee.com

Objects of the IPO
The Company proposes to utilize the Net Proceeds towards:
1. Repayment/ prepayment, in full or part, of certain borrowings availed by the Company and/or certain of its Subsidiaries; and
2. Funding acquisition of future real estate projects and general corporate purposes.

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