Former Actress Perizaad Zorabian at Rustomjee listing ceremony at BSE
Actress Perizaad Zorabian graced the listing ceremony of her husband Boman Rustom Irani’s real estate company Keystone Realtors Limited (“Rustomjee” or the “Company”), at the iconic BSE auditorium on Thursday, November 24, 2022.
Boman Irani & Perizaad Zorabian (along with their children) stuck the gong at BSE to mark the listing of the company.
Boman Rustom Irani (Chairman & MD) and Perizaad Zorabian were joined by founding partners Percy Sorabji Chowdhry and Chandresh Dinesh Mehta as well as many employees and partners .
Rustomjee is one of the prominent real estate developers (in terms of absorption in number of units) in the micro markets that it is present in, listed today after the successful initial public offering.
Keystone Realtors Limited (the “Company”), which operates under the brand ‘Rustomjee’ and is one of the prominent real estate developers (in terms of absorption in number of units) in the micro markets that it is present in.
The Company intends to use the proceeds of the fresh issue for repayment/ prepayment, in full or part, of certain borrowings availed by the Company and/or certain of the subsidiaries; and funding acquisition of future real estate projects, and general corporate purposes.
Axis Capital Limited and Credit Suisse Securities (India) Private Limited were the Book Running Lead Managers (investment bankers).
About Keystone Realtors (Rustomjee)
We are one of the prominent real estate developers (in terms of absorption in number of units) in the micro markets that we are present in (Source: Anarock Report). We command a market share of 28% in Khar, 23% market in Juhu, 11% in Bandra East, 14% in Virar, 3% in Thane and 5% in Bhandup in terms of absorption (in units) from 2017 to 2021 (Source: Anarock Report). As of June 30, 2022, we 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 our Rustomjee brand. As of June 30, 2022, we 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.
We have a diversified suite of projects across a wide range of price points, and a presence in several micro markets. We have experience in developing lifestyle projects, high value standalone buildings, gated communities and fully integrated townships, re-developments and stalled projects. We strategically introduce differentiated offerings and corresponding amenities based on the needs of the location and community to maximise our revenue. Over the years, we have implemented designs based on customer insights and eco-friendly construction technologies to deliver modern lifestyle solutions and a diverse range of projects. Some of our notable projects include Rustomjee Elements, a large gated community in Upper Juhu, Mumbai; Rustomjee Paramount, a signature complex in Khar, Mumbai; Rustomjee Seasons, a 3.82 acres gated community in Bandra Annexe, Mumbai; Rustomjee Crown, a 5.75 acres land parcel for high-end development at Prabhadevi, South Mumbai, consisting of three high-rise towers. Our projects include features for entertainment for the family, such as an approximately 150,000 square feet clubhouse at our Virar Global City project, a 6.22 acres podium at our Thane project, a 11.72 acres amusement park at our Virar Global City project, Leon’s World which is an interactive play space for children and adults at our Rustomjee Urbania project. We consider gated communities as the future of living, and strive to create “nurturing spaces” to deliver convenience, community and comfort to our customers. We place emphasis on understanding the demographic we cater to, their needs, traditions and lifestyles.