Keystone Realtors Ltd selected by 8 housing societies as developer for redevelopment in Andheri West

Keystone Realtors Limited (Company) has been selected by 8 housing societies as the developer for the large-scale cluster redevelopment project in the highly sought after residential neighbourhood of Andheri West, Mumbai.

The said transaction is a redevelopment of the above stated societies with no transfer of title taking place and the Company being entitled for development rights. The Company will give additional carpet area in lieu of existing carpet area to the existing society members. The Company will be able to load additional Floor Space Index (FSI) on the societies' land for recovery of such costs. Such additional FSI shall be generated as per Development Controller and Promotion Regulations (DCPR) 2034 as applicable for the redevelopment project.

Shares of Keystone Realtors Limited was last trading in BSE at Rs. 642.35 as compared to the previous close of Rs. 636.65. The total number of shares traded during the day was 7542 in over 446 trades.

The stock hit an intraday high of Rs. 647.75 and intraday low of 616.55. The net turnover during the day was Rs. 4763856.00.

Source : Equity Bulls

Keywords

KeystoneRealtors INE263M01029 Residential Commercial 8HousingSocieties AndheriWest Mumbai