Keystone Realtors reported pre-sales of ₹617 crore in Q1FY27, representing a 42% year-on-year decline from ₹1,068 crore in Q1FY26. According to reports from Business Standard, the company's area sold stood at 0.32 million square feet in Q1FY27, compared with 0.63 million square feet in Q1FY26 and 0.53 million square feet in Q4FY26. The decline was primarily attributed to sustenance sales across ongoing projects, as there were no new launches planned during the quarter. As reported by Business Standard, the company stated that pre-sales were mainly supported by resilient sustenance sales, reflecting continued buyer interest and sustained homebuyer confidence in their projects.
During the quarter, Keystone Realtors added two projects with a saleable area of 1.98 million square feet and an estimated gross development value (GDV) of ₹713 crore. As reported by Business Standard, the projects include Utkarsh CHSL at Dindoshi Nagar Cluster, Goregaon East, and a plotted development project at Igatpuri. The company also completed one project during Q1FY27 with a construction area of 0.07 million square feet, namely Rustomjee Ashiana at Juhu. According to Business Standard, the company added two land parcels during the June quarter that can generate a total estimated revenue of ₹713 crore, further strengthening their future launch pipeline across the Mumbai Metropolitan Region (MMR).
Collections during the quarter stood at ₹599 crore, up 4% year-on-year from ₹575 crore in Q1FY26, as reported by Business Standard. Despite the softer pre-sales performance, the company maintained healthy collections supported by cash inflows from previously sold units and ongoing sustenance sales. The company said collections from previously sold units and ongoing projects continued to support cash flows, with healthy collections strengthening their liquidity position. According to Business Standard, the total area sold during the quarter stood at 0.32 million square feet, down 49% from the year-ago period, reflecting the absence of new project launches.
Looking ahead, the company expects improved sales momentum as it prepares to launch several projects across the Mumbai Metropolitan Region (MMR) over the coming quarters. As reported by Business Standard, CMD Boman Irani stated that Q1FY27 marks a steady start to the year as the company builds on strong momentum achieved in FY26, supported by resilient sustenance sales and continued homebuyer confidence in their projects. With general improvement in economic situation due to stability in geo-political situation, the company expects pickup in sales in the upcoming quarters. According to Business Standard, Irani emphasized that the company's robust pipeline of launches planned across the MMR is expected to strengthen their market position and support their pre-sales guidance for FY27. The company remains well positioned to drive sustainable growth backed by execution capabilities, disciplined project delivery, and favorable market fundamentals.
