Incorporated in 1995, Keystone Realtors Limited is one of the prominent real estate developer. The company is engaged primarily in the business of real estate construction, development and other related activities in India.

As of June 30, 2022, the company had 32 Completed Projects, 12 Ongoing Projects and 21 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 the Rustomjee brand.

June 30, 2022, Keystone Realtors have developed 20.22 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.

As part of the business model, the company is 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 parcel.

The company have adopted an integrated real estate development model for every stage of the property development life cycle, commencing from business development, which involves the identification of land parcels and the conceptualization of the development, to execution, comprising planning, designing and overseeing the construction activities, marketing and sales.

As of June 30, 2022, The company have developed over 280 buildings and homes for over 14,000 families.

For year/ period ended ( in Cr.)

• Well established customer-centric brand in the Mumbai Metropolitan Region;
• Leading residential real estate development companies in MMR with a well-diversified portfolio and strong pipeline;
• Asset-light and scalable model resulting in profitability and stable financial performance;
• Demonstrated project execution capabilities with in-house functional expertise;
• Robust stakeholder management capabilities across the spectrum of project development;
• Technology focused operations resulting in operational efficiency and enhancing customer experiences;
• Strong focus on sustainable development; and
• Experienced Promoters, qualified senior management, good corporate governance and committed employee base

Each of the Selling Shareholders will be entitled to their respective portion of the proceeds of the Offer for Sale.

The company propose to utilise the Net Proceeds towards funding the following objects:

1. Repayment/ prepayment, in full or part, of certain borrowings availed by the Company and/or certain of the Subsidiaries.

2. Funding acquisition of future real estate projects and general corporate purposes.

• Repayment/ prepayment, in full or part, of certain borrowings availed by our Company and/or certain of our Subsidiaries; and
• Funding acquisition of future real estate projects and general corporate purposes.