NEW DELHI: Keystone Realtors (Rustomjee Group) has been selected as the developer of choice to redevelop the plot and premises of Veena Nagar Co-operative Housing Society & NeelKamal Ghruh Cooperative Housing Society on a combined land admeasuring ~12,120 square meters in Malad (West), Mumbai.
Boman Irani, chairman and managing director of the company said, “We are happy to announce that we are chosen as redevelopment partner by two societies in the vibrant locality of Malad West on the combined land spanning over 12,120 sq meters and boasting a combined GDV of about Rs. 1200 crore.”
In addition to re-housing 342 existing members of both the societies, this redevelopment will lead to sale potential of about 3,42,000 sq ft with the expected gross development value (GDV) of ~Rs. 1200 crore.
The project is expected to be launched in next calendar year.
With these additions, Rustomjee has added eight new projects in current financial year with the total GDV of about Rs 7,000 crore.
