Rustomjee, incorporated as Keystone Realtors and listed on both the BSE and NSE, is a Mumbai-based real estate company founded by Boman Irani in 1995. Over three decades the group has stayed almost entirely anchored to Mumbai's geography, deepening its footprint across the western suburbs rather than diluting it with pan-India expansion. With 14.32 million sq. ft. of developed projects, 12 million sq. ft. under construction, and 28 million sq. ft. in the pipeline, Rustomjee's active presence spans Prabhadevi, BKC Annexe, Khar, Kandivali, Borivali, Virar, and Thane. Versova, with Rustomjee Ocean Vista on JP Road in Aram Nagar, represents the developer's first direct address on the Arabian Sea waterfront.
Rustomjee has already launched landmark projects across Mumbai including Balmoral Golf Links in Chembur, Crescent in Pali Hill, Cliff Tower, and Mount Mary in Bandra. The group has developed projects across prominent locations such as Bandra, Juhu, Borivali, Kandivali, Virar, and Thane. Each of those addresses shares a pattern: locations where Rustomjee moves early and builds at a scale and specification that lifts the micro-market. Versova is the latest such move.
Rising on the site of the erstwhile Sagar Tarang apartment building, Ocean Vista is a 24-storey tower that promises a residential experience set against Versova's coastline. Spread across 0.5 acres, the project features one tower with 24 floors and a total of 30 apartments available in 4 and 5 BHK configurations. The tower comprises 4 BHK apartments ranging from 2,394 sq. ft. to 2,521 sq. ft., while the project's full range extends to 5 BHK and jodi configurations.
The project is designed with only two residences per floor, ensuring exceptional privacy; each home has an 11-foot ceiling height and floor-to-ceiling windows that offer 180-degree panoramic sea views. The rooftop includes a 213-ft sundeck, an infinity-edge pool, and a sky garden. Wellness and leisure amenities span a sauna room, a zen studio, a fitness centre, a banquet hall, an alfresco party area, and a party hall.
Residences are offered as beachfront 3, 4, and 5 BHK luxury homes, with pricing starting at ₹22.22 Cr. The project is scheduled for possession in December 2027 and is registered under MahaRERA number P51800076673.
| Detail | Specification |
|---|---|
| Location | JP Road, Aram Nagar, Versova, Andheri West, Mumbai 400061 |
| Configuration | 3, 4 & 5 BHK |
| Carpet Area Range | 1,326 sq. ft. (3 BHK) to 2,521 sq. ft. (4 BHK) |
| Tower Height | 24 floors, 2 residences per floor |
| Ceiling Height | 11 ft floor-to-ceiling |
| Starting Price | ₹22.22 Cr |
| MahaRERA | P51800076673 |
| Possession | December 2027 |
Once a Koli fishing village, Versova has over the decades developed into a vibrant residential and commercial enclave with diverse communities and cultures. That transformation has been steady rather than speculative. The address on JP Road places Rustomjee Ocean Vista within direct walking distance of the beach — residents exit the building's rear gate and step onto the sand.
Versova sits within Andheri West, and the two share a strong infrastructure spine. The area has connectivity via Link Road, the Western Express Highway, and S.V. Road. The Versova metro station and Juhu Versova Link Road offer smooth connectivity to the central suburbs and South Mumbai. Both domestic and international airports are approximately a 30-minute drive away.
The metro station, just 850 metres from the project site, is the western terminus of Mumbai Metro Line 1 (the Blue Line). The Blue Line reduced the journey time between Versova and Ghatkopar from 71 minutes to 21 minutes. Versova is the third-busiest station on the Blue Line, with 12% of all Blue Line commuters travelling through it. A new metro line — the Pink Line (Line 6) — is under construction in the same area, which will further expand rail-based options for residents.
The upcoming Versova–Bandra Sea Link will transform the area's connectivity, making it a gateway between Mumbai's western suburbs and central business districts. The sea link is expected to be completed by May 2028. When operational, it will close the road-based gap between Versova and Bandra — a journey that today takes far longer than it should.
Versova's residential market is tracking a consistent upward curve. Average flat rates in Versova, Mumbai, stood around ₹39,750 per sq. ft., having changed by 10.9% in the last year, 14.6% over three years, and 31.4% over ten years. Rustomjee Ocean Vista listings show a median rate of ₹80.6K per sq. ft., well above the wider Versova average — consistent with its beachfront positioning and large-format unit sizes.
The differential is not unusual for a sea-facing, single-tower product with this level of unit exclusivity. The project stands out in a market dominated by compact homes, offering expansive carpet areas in its 3 and 4 BHK configurations. For buyers calibrated to Rustomjee's other coastal-premium launches — such as Rustomjee 180 Bayview — Ocean Vista is a logical progression.
The catchment around JP Road and Aram Nagar is well-served for a residential address at this price point. Orchids The International School, Kokilaben Dhirubhai Ambani Hospital, St. Antony's High School, Belle Vue Multispeciality Hospital, Pinnacle Business Park, DMart, and Infiniti Mall are all nearby. Versova Metro Station is 850 metres away, DMart is 1.1 km, and Infiniti Mall is 3.4 km.
Along JP Road and Yari Road, Versova has developed a distinct restaurant and bar culture, where fresh seafood and café culture coexist in a neighbourhood that carries a Goa-like energy. The proximity to Andheri West places residents within easy reach of that area's food and nightlife scene as well. For a buyer choosing between a high-floor apartment in a dense tower cluster elsewhere and 30 units in a 24-storey beachfront building, the quality-of-life differential is substantial.
Rustomjee formed strategic partnerships with HDFC Capital Affordable Real Estate Fund-3 and IIFL Special Opportunities Funds, and achieved a significant milestone with its IPO listing. The Maharashtra Chamber of Housing Industry awarded Rustomjee the Best Residential Project award in 2015. The group's listed status as Keystone Realtors on the BSE and NSE provides buyers a level of financial transparency that privately held developers cannot match.
Rustomjee introduced Seasons in BKC Annexe as a redevelopment project, further solidifying its presence in prime locations. It launched the gated community Paramount in Khar and welcomed institutional investments from Giza Holdings PTE Limited and Voldemort Investment Holding Company Limited. These milestones trace a developer that has moved systematically up the value chain — from mid-segment suburbs to premium coastline addresses — without abandoning its Mumbai-only discipline.