Rustomjee Secures Landmark ₹1,775 Crore Redevelopment Project in Andheri

Rustomjee Group has announced a major milestone with its selection as the developer for the Om Nagar Co-operative Housing Society Federation Limited redevelopment project in Andheri (East), Mumbai. The project spans 20,569.90 sq. meters and involves the redevelopment of eight housing societies, marking one of the largest society redevelopment initiatives in the region.

Key Highlights

• Project Scope: Redevelopment of eight housing societies in Andheri (East).
• Land Area: Approximately 20,569.90 sq. meters.
• Rehousing Commitment: 637 existing members to be accommodated.
• Free Sale Potential: ~5 lakh sq. ft. of RERA carpet area.
• Gross Development Value (GDV): Estimated at ₹1,775 crore.
• Strategic Impact: Strengthens Rustomjee’s footprint in Mumbai’s western suburbs and enhances its redevelopment portfolio.
• Leadership View: Chairman Boman Irani emphasized the project’s role in revitalizing communities and reinforcing long-term growth visibility.

This project underscores Rustomjee’s strategy of expanding in prime suburban markets, focusing on large-scale redevelopment, and creating holistic lifestyle communities. With this addition, the company further deepens its pipeline of high-potential projects in Mumbai’s urban clusters.

Sources: Keystone Realtors Limited (Company Filing & Press Release).