Keystone Realtors Ltd, based in Mumbai and often known as the Rustomjee Group, plans to venture into the Pune real estate market and is currently exploring two potential land parcels that together encompass around 100 acres for a township development in the city.

The company is currently evaluating two proposals under a joint development (JD) model for the Pune market, aiming to create a township akin to those in the Mumbai Metropolitan Region (MMR), Boman Irani, the Chairman and Managing Director of Rustomjee Group, said.

“We are exploring projects for Pune currently, and any new entry in a new city will not happen immediately, but only by next year. We have announced a project in the Nagpur real estate market, and we will soon announce the launch of that first and later get into Pune. However, our major focus remains to be MMR and redevelopment of old buildings in MMR,” he said.

The company announced three redevelopment projects for its Mumbai portfolio during the first quarter of FY26. These include GTB Nagar, Lokhandwala Cluster, and Swarganga CHSL, adding 3.25 million sq ft of saleable area with an estimated GDV of Rs 7,727 crore.

In total, the company has around 18 ongoing projects in MMR, measuring around 8.61 million sq ft, and has 26 projects upcoming of around 23.79 million sq ft. 16 out of these 26 projects are in the price range of Rs 1 crore to Rs 7 crore.