Rustomjee
Company typePublic
Founded1995
HeadquartersMumbai, India
Key people
Boman Irani, Chandresh Mehta, Percy Chowdhry
ProductsResidential, Commercial, Township
ParentKeystone Realtors Limited (Rustomjee Group) [1]
WebsiteOfficial website

Rustomjee is a Mumbai based real estate company, founded by Boman Irani in 1995. The company was listed as Keystone Realtors on BSE and NSE. The company caters across all segments in luxurious homes and affordable housing.[2]

History

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Rustomjee started its journey in the year 1995 when the project residency was launched.[citation needed] This project was later renamed to Rustomjee Residency after the father's name of Boman Irani.[citation needed] Following this, Rustomjee came into existence and Boman Irani became the Chairman and Managing Director of Keystone Realtors Limited, which is also known as the Rustomjee Group.[citation needed] Later, Chandresh Dinesh Mehta and Percy Chowdhry joined the Group as directors. [3][4][5]

Maharashtra Chamber of Housing Industry awarded Rustomjee builders the “Best Residential Project” award in the year 2015. The company ventured into premium housing society in the year 2021. In 2022 Rustomjee Uptown Urbania was launched focusing on hospitals, restaurants, banks, ATMs, petrol pumps, and office complexes. [6][7]

Projects

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Rustomjee Group is now focusing on the construction of homes in the range of Rs 1 crore to Rs 7 crore and the redevelopment of old buildings in Mumbai through the transformative projects like Crown, Ashiana, and Seasons.[8]

References

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  1. ^ "KEYSTONE REALTORS LIMITED (INE263M01029)". NSE. 14 May 2024.
  2. ^ "Rustomjee: A rising Mumbai developer hits the stock market". Money Control. 10 November 2022.
  3. ^ "Rustomjee group co Keystone Realtors files draft papers with SEBI for ₹850 crore IPO". Hindu Business Line. 13 June 2022.
  4. ^ "Keystone Realtors files DRHP to raise up to ₹850 crore via IPO". Live Mint. 14 June 2022.
  5. ^ "Keystone Realtors's ₹635-crore IPO to open on Nov. 14". The Hindu. 9 November 2022.
  6. ^ "Rustomjee to invest ₹3,000 cr on new housing project in Mumbai". Hindu Business Line. 6 December 2021.
  7. ^ "Keystone Realtors buys out Prabhadevi project Rustomjee Crown for Rs 231 cr". Economic Times. 7 November 2023.
  8. ^ "Rustomjee to focus on homes with Rs 1-7 crore price tag in Mumbai, says Boman Irani". Money control. 7 February 2024.
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Official website