RUSTOMJEE LOKHANDWALA — New Project Coming Up in Lokhandwala, Mumbai
A New Chapter for Lokhandwala
Keystone Realtors, operating under the Rustomjee Group banner, has secured a significant cluster redevelopment project spanning eight housing societies in the prime Lokhandwala area of Andheri West. This upcoming project represents a major addition to Mumbai's residential landscape and reflects the developer's strategic focus on large-scale urban transformation in the western suburbs.
Scale and Scope
The redevelopment initiative covers a substantial 4.75-acre area and involves 548 existing society members across eight housing societies. This ambitious undertaking is expected to generate a Gross Development Value (GDV) of approximately ₹3,000 crore while creating over 10.6 lakh square feet of saleable area. The development agreement (DA) has already been executed with five societies, while letters of intent (LoIs) have been received from the remaining three, with DA execution expected over the next few days.
Residential Composition
Rustomjee Lokhandwala is a new residential development at Andheri West by Rustomjee Group that offers 2 and 3 BHK Luxury Homes in Mumbai. The development is designed to accommodate both existing society members from the cluster and new homebuyers seeking premium residential options in this established locality.
Location and Connectivity
Lokhandwala is well known for its excellent infrastructure, prime location, and vibrant community. Several factors drive Lokhandwala's rising popularity, such as its prime location in the heart of western Mumbai, seamless connectivity to key business districts and airports, a vibrant social scene, expanding commercial opportunities, and strong infrastructure that supports modern living.
Lokhandwala is connected to other parts of city via D n nagar metro station. Apart from this, Versowa line 1 metro station, 7 Bungalows Bus Depot, and Jogeshwari railway station are other commute points that can be used to reach Lokhandwala, Mumbai. The infrastructure around Lokhandwala Complex is well developed, with essential amenities like schools, malls, and hospitals at walking distance.
Rustomjee's Development Track Record
Established in 1995, Rustomjee has transformed the real estate landscape of Mumbai City. With projects across the length and breadth of the city, Rustomjee has successfully delivered over 230 landmark buildings that house more than 17,000 happy families. Boman Irani, chairman and managing director, Keystone Realtors (Rustomjee Group), noted that the project exemplifies the company's focus on scale, location, and value creation.
The Lokhandwala redevelopment aligns with Rustomjee's broader strategy of executing large-format cluster redevelopment projects in prime Mumbai neighborhoods, part of an expanding pipeline across the metropolitan region.