NEW DELHI: Keystone Realtors has forayed into plotted development with the acquisition of about 88 acres land parcel in Kasara, Thane.
The Kasara project would comprise of around 500 plots of different sizes, totaling approximately 1.5 million sq ft.
Boman Irani, chairman and managing director of the company said, “In plotted development, we foresee strong demand and traction. This segment lacks organized and branded developers, making it most attractive market to tap-in to meet the ever evolving needs of customers.”
The total consideration for the land purchase is Rs 91 crore, with Rs 1 crore already paid and the remaining Rs 90 crore to be paid in a staggered manner over the next two years.
” We have already applied for RERA registration and plan to launch the project in the current quarter, Q2 FY25,” the company said.
