Keystone Realtors Limited — listed on BSE and NSE since November 2022 under the ticker RUSTOMJEE — has spent the better part of three decades building at scale inside the Mumbai Metropolitan Region. By June 2022, the company had developed 20.22 million square feet across residential buildings, premium gated estates, townships, corporate parks, retail spaces, schools, and iconic landmarks. Within that body of work, Majiwada in Thane West is not a peripheral bet — it is the site of the developer's largest single integrated township in the MMR.
Rustomjee Uptown Urbania, a collaborative venture between Rustomjee Group and Keppel Land, is a 100-plus-acre township in Thane, designed to blend thoughtful planning with extensive amenities. The site address — off the Eastern Express Highway, near Majiwada Junction, Thane (W), Maharashtra 400601 — places it at one of Thane's most legible intersections, where Ghodbunder Road and the Eastern Express Highway converge. Multiple residential clusters have launched and delivered inside this township over the years; Rustomjee La Vie is its current active offering.
Rustomjee La Vie is part of the Rustomjee Urbania township, a well-known integrated residential development in Thane West. La Vie spans over 8.5 acres and comprises eight independent towers rising up to 55 storeys. Each tower is planned to offer spacious homes with balconies providing scenic views of the city and the creek. The centerpiece is a large central park, surrounded by recreational spaces.
The project is located near Saket-Kalwa Road, Balkum Pada, Majiwada, Thane, approximately 1.5 km from the Eastern Express Highway, 2.7 km from Jupiter Hospital, and 2.8 km from Viviana Mall. Prices start at ₹1.44 crore, with units currently under construction. Rustomjee La Vie's average rate is approximately ₹23,400 per sq ft, compared to the Majiwada locality average of ₹19,900 per sq ft — a premium that reflects both the township's scale and the developer's brand positioning in this corridor.
Three levels of leisure zones are integrated into the community, ensuring that families have ample opportunities for quality time together. Specific amenity highlights include a clubhouse, an Olympic-sized pool, a sky lookout deck, a forest path, jacuzzi pods, and a football field. Work-from-home pods, a business centre, a gymnasium, a toddler playground, an elders' alcove, and a yoga deck complete the amenity stack — a range that reflects the township's intent to serve multiple user types within a single address.
Under the Special Township Development Scheme, stamp duty at Rustomjee Uptown Urbania is 4.5%, a structural cost advantage over standard residential transactions in Maharashtra, which typically attract higher rates.
Rustomjee has transformed Majiwada into a hub of neo-housing opportunities through innovative designs and premium quality. That concentration is not arbitrary. Majiwada sits at the junction of the Eastern Express Highway and Ghodbunder Road, giving it direct road connectivity to major areas in Thane, Mumbai, and Navi Mumbai. For a developer whose township model depends on infrastructure proximity, this node is among the most defensible land positions in Thane West.
According to an Anarock report cited in Keystone Realtors' IPO filings, the company commanded a 3% market share in Thane in terms of unit absorption between 2017 and 2021 — and that figure predates the full launch and delivery cycle of Uptown Urbania. In recent government-recorded transaction data, Rustomjee Uptown Urbania registered 208 transactions and Rustomjee La Vie recorded 35 transactions in Majiwada over the trailing year, together making Rustomjee the most transacted developer brand in the locality by volume.
A township of this scale needs functioning social infrastructure around it — and Majiwada delivers it. IT and commercial employment is accessible via Ashar IT Park, Odyssey IT Park, Amfotech IT Park, Lodha iThink, THANEONE Business IT Park, Orion Business Park, TCS HQ, and Voltas. Educational institutions within reach include Rustomjee Cambridge International School at 1.5 km, C.P. Goenka International School at 1.7 km, and D.A.V. Public School at 2.7 km — as well as Rustomjee Academy for Global Careers at 2.8 km.
Thane now hosts Viviana Mall, Korum Mall, specialised hospitals including Jupiter and Bethany, and some well-ranked international schools — an urban amenity base that supports genuine end-user demand rather than pure investor activity.
Thane Railway Station is approximately a 10-minute drive from Majiwada, connecting residents to the Central Line's broad network. The more significant medium-term change is metro access. Metro Line 4 runs from Wadala to Kasarvadavali, covering 32 km across 30 stations. Majiwada and Manpada are along the Line 4 corridor, and as the metro comes online, demand in both areas is expected to pick up noticeably.
As the viaducts reached 90% completion, property values in adjacent neighbourhoods like Kapurbawdi and Majiwada saw immediate jumps. Mumbai Metro Line 4 will further enhance connectivity from Wadala to Kasarvadavali, while Metro Line 5 enhances connectivity between Thane and Kalyan. Buyers in Thane West benefit from both lines coming together through the Kapurbawdi interchange, removing the need to choose between the two corridors.
Average property rates in Majiwada stand around ₹20,000 per sq ft, with flat rates having moved 1.8% over the last year, 13.6% over three years, and 27% over five years. The average rental yield in Majiwada is 4%. Rustomjee La Vie's pricing above the locality average reflects its position as a newer, larger-format township product within an already premium micro-market — not a mismatch with area fundamentals.
Thane is entering a repricing phase as infrastructure advances, prices firm up, and the city moves beyond being simply the affordable alternative to Mumbai. Between April 2024 and August 2025, Thane recorded 20.7 million sq ft of residential sales, ranking among the top three micro-markets nationally. Within that volume, the Majiwada-to-TDLR corridor is drawing comparisons with an earlier phase of Ghodbunder Road's rise — improving connectivity is beginning to change how the corridor is viewed by buyers and investors.
Keystone Realtors Limited engages in real estate construction and development, building residential buildings, integrated townships, gated communities, standalone landmarks, retail spaces, commercial projects, and social infrastructure such as schools, clubhouses, and parks within townships. Elsewhere in the MMR, notable completions include Rustomjee Elements in Upper Juhu, Rustomjee Paramount in Khar, Rustomjee Seasons in Bandra Annexe, and Rustomjee Crown at Prabhadevi. The company posted record FY26 pre-sales of ₹40.2 billion, with Q4 FY26 pre-sales surging 58% year-on-year — a performance signal relevant to buyers assessing a developer's construction pipeline health and delivery capacity.
For a buyer evaluating Rustomjee La Vie in Majiwada, the context is a developer with a multi-decade township track record on the same land parcel, a public listing providing financial disclosure, and a project positioned inside one of Thane's most infrastructure-supported residential corridors ahead of two metro line openings in 2026.
