Keystone Realtors Limited — the BSE- and NSE-listed entity behind the Rustomjee brand — has been operating in the Mumbai Metropolitan Region since its incorporation in 1995. By mid-2022, the company had developed 20.22 million square feet spanning residential buildings, premium gated estates, townships, corporate parks, retail spaces, schools, and iconic landmarks. Thane, and specifically Majiwada, is where Rustomjee made its single largest territorial commitment: a township that has grown into one of the most documented addresses in the city's residential market.
Singapore-based Keppel Land, through its wholly-owned Indian subsidiary, entered into a joint venture with Rustomjee to develop the Urbania integrated township, spread over 51.4 hectares in Thane; since its launch in 2006, the Urbania township has housed 2,700 residential units amid comprehensive amenities. That institutional co-development — described at the time as the first collaboration between a Singaporean developer and an Indian developer for a township in the Mumbai Metropolitan Region — established Rustomjee's footprint in Majiwada at a scale few single-developer efforts achieve anywhere in the MMR.
The Rustomjee Urbania township in Thane carries Indian Green Building Council certification. Keystone Realtors holds a strategic investment partnership with Lipalton Pte. Ltd., a wholly-owned subsidiary of Keppel Land Limited, specifically for Rustomjee Urbania. This joint-venture structure means the township's ongoing phases are backed by both Rustomjee's on-ground execution capability and an institutionally governed partnership with a Singapore-listed real estate group.
Rustomjee Verdant Vistas is located on Saket Road, off the expressway highway, in Majiwada, Thane, Maharashtra 400609. It is a cluster within Rustomjee Uptown Urbania at Majiwada.
Set across 4.5 acres, with four elegant towers reaching 46 storeys, the community is limited to 480 residences. The project offers 3 and 4 BHK residences ranging from 1,157 to 1,760 sq. ft. Pricing starts at Rs. 2.94 crore.
The product specification at Verdant Vistas sits at a noticeably higher band than earlier Urbania clusters. Homes have a 10-foot-3-inch floor-to-ceiling height, and the 4 BHK and selected 3 BHK units include walk-in wardrobes and 150 sq. ft. sundecks. The project has been developed in collaboration with international design firms and landscape partners including Keppel and COEN.
The amenity programme includes a clubhouse with a sunken pool, a 30-metre lap pool, a banquet hall, a business lounge, a salon, a social deck, a pets' corner, air hockey, pickleball, a kids' play zone, and a spa. The complex also offers dedicated co-working spaces, high-speed internet zones, and soundproof pods.
The project carries MahaRERA registrations P51700077134 (Wing B) and P51700077136 (Wing A). Possession is targeted for July 2027.
Verdant Vistas is the latest cluster in a township whose earlier phases have already delivered homes and community infrastructure at Majiwada. Active Urbania projects include La Vie, La Familia, Verdant Vistas Wing A, and Verdant Vistas Wing B, all within the Majiwada township.
Rustomjee La Vie is part of the Rustomjee Urbania township, a well-known integrated residential development in Thane West. It consists of modern high-rise residential towers designed to provide well-planned apartments within a township environment that includes internal roads, open spaces, and community infrastructure. La Vie primarily offers 2 BHK and 3 BHK apartments, with possession expected around December 2026 as per MahaRERA registration.
For a buyer evaluating Verdant Vistas, understanding the township's progression matters: the earlier Urbania phases built the roads, school, and retail spine that the newer clusters — including Verdant Vistas — inherit. The township houses a renowned international school, making it convenient for families with school-going children. Rustomjee Cambridge International School is approximately 1.5 kilometres from the Uptown Urbania precinct.
Rustomjee's concentration of effort in Majiwada is not arbitrary. The location sits at the intersection of the Eastern Express Highway and an expanding metro network, making it among Thane's better-connected residential nodes.
The locale of Thane also enjoys proximity to the business spots in Ghansoli, Vikhroli, and Powai, with easy access to the Eastern Express Highway. For buyers employed in these corridors, Majiwada reduces the commute burden significantly compared to western suburban alternatives at similar price points.
The density of social amenities within close range of the Verdant Vistas and Urbania precinct is a practical factor for resident families.
Thane's inclusion in the Smart Cities Mission has brought several projects aimed at sustainable development — including road network upgrades and utility improvements — that benefit residents across Majiwada's residential zones.
Property in Majiwada has seen 7.1% price growth in the past year, with long-term appreciation estimated between 8% and 12% annually. Rental yields in the area currently range between 3% and 4%, backed by steady demand from professionals working in nearby SEZs, IT parks, and business hubs such as Wagle Estate and Kolshet Road.
Within that market context, Verdant Vistas is pitched at the upper segment. Average pricing at the project is around Rs. 13,450 per sq. ft. The project offers 68% open space — a figure that reflects Rustomjee's township-scale planning discipline rather than a standalone high-rise development strategy.
Rustomjee Group has publicly stated an anticipated gross development value of approximately Rs. 1,750 crore for the Verdant Vistas launch in Thane. That figure contextualises the project's scale within the developer's broader Majiwada commitment — it represents one of Keystone Realtors' largest individual cluster GDVs within the Urbania township.
Keystone Realtors Limited engages in real estate construction, development, and related activities in India, developing residential buildings, integrated townships, gated communities, standalone landmarks, retail spaces, commercial projects, and social infrastructure such as schools, clubhouses, and parks within townships. The company was incorporated in 1995 and is based in Mumbai.
As of mid-2022, the company had 32 completed projects, 12 ongoing projects, and 21 forthcoming projects across the MMR, spanning affordable, mid and mass, aspirational, premium, and super-premium categories — all under the Rustomjee brand. Keystone Realtors Limited listed on BSE and NSE in November 2022, making it one of the few Mumbai-focused residential developers with a full public market disclosure obligation — an important transparency factor for buyers evaluating pre-possession commitments.
Notable projects across the MMR include Rustomjee Elements in Upper Juhu, Rustomjee Paramount in Khar, Rustomjee Seasons in Bandra Annexe, and Rustomjee Crown at Prabhadevi, South Mumbai. The Majiwada township, anchored by the Eastern Express Highway junction, represents the developer's largest single-location concentration outside South and Central Mumbai.
