NEW DELHI: Keystone Realtors has reported pre-sales of Rs 8.63 billion in October-December quarter of the financial year 2024-25 as compared to Rs 6.16 billion it recorded in Q3 FY24, registering a year-on-year growth of 40 per cent.
Pre-Sales for year-to-date (YTD) FY25 is Rs 21.74 billion as compared to Rs 14.23 billion YTD FY24, showing a growth of 53% YTD basis.
Boman Irani, chairman & managing director of the company, said, “The redevelopment opportunities in Mumbai are significant. With a strong balance sheet, we are fully capitalized and prepared to seize these opportunities.”
Collections were at Rs 5.42 billion in the quarter ended December 31, 2024 as compared to Rs 4.52 billion in Q3 FY24, recording a year-on-year growth of 20 per cent. Collections for YTD FY25 stood at Rs 15.79 billion as compared to Rs 15.33 billion YTD FY24.
The company added two projects during the said quarter with a gross development potential of Rs 9.8 billion. With this, it has added a total of six projects in YTD FY25 with an estimated GDV of Rs 32.97 billion thereby achieving 82% of the company’s annual guidance for FY25.
