Rustomjee Launches Bandstand Cama (Bandra West) and Vista Bay (Sewri) in Q4 FY26, Combined GDV of ₹3,978 Crore
Two Major Premium Launches Mark Record Quarterly for Keystone Realtors
During Q4 FY26 (January–March 2026), Keystone Realtors launched two premium projects: Bandstand Cama in Bandra West and Rustomjee Vista Bay in Sewri, with a combined estimated Gross Development Value of INR 39.78 billion and saleable area of 0.69 million sq ft. The dual launch underscores the developer's focus on waterfront and sea-facing addresses across Mumbai's most aspirational neighborhoods.
Bandstand Cama: Ultra-Luxury on Mumbai's Western Shore
Located adjacent to the Taj Lands End Hotel on St Pauls Road, Rustomjee Bandstand Cama marks a new chapter in luxury living on Mumbai's iconic Bandra West coastline. The project comprises ultra-luxury 5 BHK residences, each spanning 5,414 sq ft and thoughtfully designed for those who value space, privacy, and refined living.
Bandra West is an upscale neighbourhood in south Mumbai bordered by Khar West to the north, the Arabian Sea to the west, Bandra East to the east, and Mahim to the south, and is a well-developed neighbourhood with a good mix of high-end and mid-range residential properties as well as retail markets. The location offers excellent connectivity, with Western Express Highway ensuring smooth commutes.
The project is expected to be completed by January 2030. It is RERA Registered with Rera Number: PR1180002501131.
Vista Bay: Waterfront Residential in Emerging Sewri
Sewri in Mumbai is transforming from an industrial area into a premium waterfront residential hub. Rustomjee Vista Bay enjoys a prime location in Sewri, a fast-growing residential hub in South Mumbai, with seamless connectivity to key areas of the city via the Eastern Freeway, Eastern Express Highway, and the upcoming Mumbai Trans Harbour Link (MTHL). The Sewri railway station on the Harbour Line further enhances accessibility.
The project offers spacious and thoughtfully crafted 2 BHK, 3 BHK residences. The total land area of Rustomjee Vista Bay is 1.53 acres with a total of 195 residential units. Vista Bay is RERA registered with registration number PR1170002501979.
The Mumbai Trans Harbour Link (MTHL) is a 21.8 km sea-link that starts at Sewri and will cut travel time to Navi Mumbai and the upcoming international airport to just 20 minutes. The Sewri Worli Elevated Connector is expected to become operational by December 2025, and once open, it will significantly improve cross-city movement and reduce travel time between the eastern and western parts of Mumbai.
Developer Context: Rustomjee's Three-Decade Track Record
Rustomjee has been creating vibrant living spaces since 1996. Today, it is considered among the foremost real estate developers, given its unflinching commitment to adhering to the highest quality standards and consistency in delivery schedules. The developer has over 30 years of experience and has delivered 50,000+ residences.
For the full year FY26, the company achieved total Pre-Sales of INR 40.22 billion, marking a robust 33% Year-on-Year growth compared to INR 30.28 billion in FY25. The fourth quarter was particularly strong, with the company achieving its best-ever quarterly pre-sales of INR 13.46 billion, representing a massive 58% YoY surge, while collections for the quarter also hit a record high at INR 8.53 billion, up 14% YoY.
Keystone Realtors continues to strengthen its leadership in the Mumbai redevelopment market. In FY26, the company added five new projects with a total GDV of INR 104.20 billion, reflecting a 118% YoY growth in business development, with all additions this year being redevelopment projects.
Market Position and Valuation
The company successfully achieved 174% of its annual business development guidance and 140% of its launch guidance. The company maintains strong credit ratings of A+ (Stable) from ICRA and A+ (Positive) from India Ratings.