Keystone Realtors Limited, operating under the Rustomjee brand, is a Mumbai Metropolitan Region-rooted developer established in 1995, with a portfolio spanning residential buildings, premium gated estates, townships, corporate parks, and retail spaces. After three decades building within the MMR, the company is making a deliberate first move into Maharashtra's second-largest urban market. Keystone Realtors is expanding its footprint in Indian real estate, and Pune marks its third city expansion following its recent entry into Nagpur.
The company is currently exploring two potential land parcels of around 100 acres for a township project in the Pune real estate market, studying proposals in a joint development (JD) model — an approach consistent with how Rustomjee has scaled in the MMR. Two JD proposals are under evaluation for a region of about 100 acres, with the intent to develop townships similar to what the group has delivered in the Mumbai Metropolitan Region.
Rustomjee Township Pune is structured as an integrated mixed-use project catering to the modern needs of homebuyers and businesses. The developer has acquired 100 acres in Pune, and the project offers 2 BHK, 3 BHK, and 4 BHK homes alongside retail and commercial spaces. This mixed-use format — homes, shops, and offices within a single campus — mirrors the developer's established playbook in the MMR, where projects like Rustomjee Uptown Urbania in Thane were purpose-built as self-contained communities.
Rustomjee prioritises design thinking through what it calls SOUL designs — Sustainable, Optimised, Unique, and Liveable — and its Pune project is planned with art deco architecture featuring clean lines, optimal space utilisation, and abundant natural light. The project offers 2 BHK, 3 BHK, and 4 BHK homes equipped with smart home automation and modern amenities.
On the commercial side, retail units range from 127 sq ft to 612 sq ft, priced from ₹71 lakhs to ₹3.42 crore, while office spaces range from 708 sq ft to 1,010 sq ft from ₹4.79 crore onwards. These figures are specific to the commercial component and reflect the pre-launch stage of the project; residential pricing is available on request.
The location benefits from proximity to Pune Railway Station (approximately 14 km), Pune International Airport (approximately 20 km), the Pune–Mumbai Expressway (approximately 5 km), Shivajinagar (approximately 12 km), and Hinjewadi IT Park (approximately 18 km).
Keystone Realtors' strength lies in its extensive project development and delivery capabilities, with a track record of over 26 million square feet delivered and a pipeline of over 40 million square feet. Across the MMR, the company has approximately 37 completed projects, 16 ongoing projects, and 28 forthcoming projects.
Notable developments include Rustomjee Erika, Rustomjee Uptown Urbania, Rustomjee Bella, Rustomjee Elements, Rustomjee Paramount, Rustomjee Summit, Rustomjee Seasons, and Rustomjee Global City, with the company particularly renowned for lifestyle-centric projects and well-planned gated communities such as Rustomjee Elements in Upper Juhu, Rustomjee Paramount in Khar, and Rustomjee Crown in Prabhadevi.
For FY2024–25, Keystone Realtors recorded a 69% increase in profit to ₹188.13 crore, up from ₹111.03 crore in the preceding fiscal year. In Q1 FY26, the company launched three new projects with an estimated Gross Development Value of ₹40 billion, and secured three new projects adding a GDV of ₹77.27 billion — surpassing its full-year FY26 guidance for new project additions. This pipeline scale is relevant context for Pune: the group is entering a new city from a position of active, financially grounded expansion, not as a speculative pivot.
While exploring new markets, Rustomjee's primary focus remains on the MMR, especially redevelopment; in Q1 FY26, the group announced three major redevelopment projects — GTB Nagar, Lokhandwala Cluster, and Swarganga CHSL — adding 3.25 million sq ft to its pipeline. The Pune township, therefore, sits alongside a continuing MMR redevelopment programme, not in place of it.
The Pune Growth Corridor is fast emerging as one of Western India's most promising development belts, anchored by three transformative projects — the upcoming Purandar Airport, the MIDC IT Park, and the Pune Ring Road — connecting key growth hubs such as Jadhavwadi, Saswad, Jejuri, Wadki, and Hadapsar Annexe.
For the past two decades, Pune's real estate growth centred on the western and northwestern areas driven by IT hubs such as Hinjewadi, Baner, Wakad, Balewadi, and Pimpri-Chinchwad; however, the upcoming Purandar Airport is expected to shift focus toward the southeastern belt, including Saswad, Fursungi, and Uruli Kanchan. Unlike the western areas focused on IT, the Purandar corridor may see growth in aviation, logistics, and warehousing, with connectivity relying on planned road upgrades linking Saswad, Jejuri, and the Pune Ring Road; initial growth is expected to consist of plotted developments, integrated townships, and workforce housing.
Locations such as Jadhavwadi, Saswad, Jejuri, and Hadapsar Annexe are strategically positioned to benefit from improved accessibility, with land values in these belts having appreciated by nearly 20–25% over the last three years, and experts believing this upward trend is set to accelerate as infrastructure projects near completion.
Pune has witnessed major upgrades to its road network, including the Mumbai–Pune Expressway expansion and the Pune Ring Road project, which was initiated in December 2024 by the Maharashtra State Road Development Corporation (MSRDC) with an expected completion date of 2030. The Pune Metro Rail Project encompasses three main lines — Line 1 (Pimpri-Chinchwad to Swargate), Line 2 (Vanaz to Ramwadi), and Line 3 (Hinjewadi to Shivajinagar) — set to revolutionise urban transit by significantly reducing travel time across the city.
According to ANAROCK Research, Global Capability Centres leased 32.46 million sq ft of office space across India's seven largest cities in 2025, with Pune accounting for around 15 per cent of the total — nearly 4.8 million sq ft — making it the second-largest GCC office market after Bengaluru. This sustained white-collar employment base is precisely the demand pool a 100-acre mixed-use township is structured to serve.
Rustomjee's signature approach in the MMR has been the integrated township: a single land parcel large enough to include residences, retail, schools, and open space in proportions that a standalone housing society cannot achieve. Under the Rustomjee brand, this has taken the form of integrated townships, gated communities, standalone landmarks, retail spaces, commercial projects, and social infrastructure such as schools, clubhouses, and parks within townships. The Pune township is designed around the same logic.
Designed for future-ready living, Rustomjee Pune aims to provide well-planned homes within a large, integrated community, with the township expected to include wide internal roads, green open spaces, and lifestyle amenities that support a peaceful and healthy way of life. The mix of apartments and villas will give buyers many choices — apartments suited to young professionals and nuclear families, and villas attracting larger families who want more privacy and space.
For buyers evaluating the growth corridor specifically, the developer's joint development model matters: Rustomjee is studying proposals in a JD model for Pune, consistent with the asset-light approach the company has used to scale across the MMR. This means the township enters the Pune market on a cost structure that allows competitive pricing without compromising build quality — the same dynamic that underpinned the success of Rustomjee Global City in Virar and Rustomjee Uptown Urbania in Thane.