Keystone Realtors, a prominent real estate developer in the Mumbai Metropolitan Region, has come out with its IPO. Find out if it deserves a place in your portfolio.
14-Nov-2022 •Samridh Rela
About the company
What does Keystone Realtors do: A prominent real estate developer that operated under the 'Rustomjee' brand in the Mumbai Metropolitan Region, it offers projects in the affordable, mid and mass, aspirational, premium and super-premium categories. As of June 30, 2022, the company has 32 completed projects, 12 ongoing projects and 21 forthcoming projects in their portfolio.
The company has a strong foothold in the micro markets of Mumbai, namely, Juhu, Bandra East, Khar, Bhandup, Virar and Thane. Its presence in Mumbai for the past two-and-a-half decades, coupled with superior construction quality, execution and delivery capabilities, allows it to charge premium pricing in these regions.
As of June 30, 2022, all its revenue from operations came from the Mumbai metropolitan region. Adverse real market conditions in the Mumbai metropolitan region will affect its sales and financial health.
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Disclaimer: This is not a stock recommendation. Do your due diligence before investing.
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