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Realty firm Keystone Realtors Ltd targets to sell housing properties worth Rs 4,000 crore this fiscal, eying a 32 per cent annual growth, as demand continues to be strong especially for good brands, its CMD Boman Irani said.
Mumbai-based Keystone Realtors, which sells properties under Rustomjee brand, is one of the leading real estate developers in the country.
"We have achieved steady and consistent growth during the last 2024-25 fiscal and surpassed all our guidances," Irani told PTI in an interview when asked about the company's performance.
He highlighted that the company's pre-sales or sales bookings rose 34 per cent to  Rs 3,028 crore last fiscal year, beating the annual guidance of Rs 3000 crore.
The demand for apartments as well as residential plots remains strong especially in projects developed by reputed brands, Irani said, while exuding confidence of maintaining the company's growth momentum.
Asked about the sales bookings target for 2025-26, Irani said, "We have given

Mumbai-based Keystone Realtors, which sells properties under Rustomjee brand, is one of the leading real estate developers in the country

The government on April 29 rejected the request by Vodafone Idea CEO Akshaya Moondra for a waiver on interest and penalties it owes on $9.76 billion in dues

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Microsoft acknowledged Thursday that it sold advanced artificial intelligence and cloud computing services to the Israeli military during the war in Gaza and aided in efforts to locate and rescue Israeli hostages. But the company also said it has found no evidence to date that its Azure platform and AI technologies were used to target or harm people in Gaza.
The unsigned blog post on Microsoft's corporate website appears to be the company's first public acknowledgement of its deep involvement in the war, which started after Hamas killed about 1,200 people in Israel and has led to the deaths of tens of thousands in Gaza.
It comes nearly three months after an investigation by The Associated Press revealed previously unreported details about the American tech giant's close partnership with the Israeli Ministry of Defense, with military use of commercial AI products skyrocketing by nearly 200 times after the deadly Oct. 7, 2023, Hamas attack. The AP reported that the Israeli military use

An unsigned post on Microsoft's site marks its first public admission of deep involvement in the war that began after Hamas killed 1,200 in Israel and has since claimed tens of thousands in Gaza

Real estate consultant Anarock Group revenue grew 33 per cent last fiscal to Rs 755 crore on better demand for residential and commercial properties, it's Chairman Anuj Puri said.
Mumbai-based Anarock had posted a revenue of Rs 566 crore in the 2023-24 financial year.
Home-grown Anarock was established by Anuj Puri in April 2017 after serving as country head for 10 years in a global property consultancy firm.
In an interview with PTI, Puri attributed the increase in the company's revenue to the overall India's economic growth, which is fuelling demand for residential and  commercial properties from end users and investors alike.
He said the revenue from the consultancy services in the housing segment stood at around Rs 420 crore, which is about 56 per cent of the group's total turnover.
"Land deals and capital market transactions contributed significantly to the total revenue as developers were aggressive in land purchases and also fund raising to expand their businesses," Puri ..

Mumbai-based Anarock had posted a revenue of Rs 566 crore in the 2023-24 financial year

Separate fire incidents were reported on Sunday at a coaching centre in Old Rajinder Nagar and a hotel in Paschim Vihar; both were contained swiftly with no injuries

The Mumbai Metropolitan Region Development Authority (MMRDA) on Friday presented a Rs 40,187 crore-budget for the megapolis.
Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement. The revenues have been estimated at Rs 36,939 crore, and the body chaired by Deputy Chief Minister Eknath Shinde will be borrowing Rs 22,000 crore.
This will result in a budget deficit of Rs 3,249 crore, which the body plans to bridge through land sales, issuance of bonds, financial assistance from the government, and loans from financial institutions, the statement said.
The ongoing metro line projects have been earmarked Rs 10,969 crore of expenditure in the new fiscal, which is a fourth of the overall expenditure..
Over Rs 5,697 crore have been allotted for multiple tunnel projects which are going across the megapolis, with Rs 2,684 crore earmarked for the four-lane road running under the Sanjay Gandhi National 

Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement

The Rajya Sabha on Thursday returned the Finance Bill 2025 to the Lok Sabha, along with 35 government amendments, including one that abolishes a 6 per cent digital tax on online advertisements, thus completing the 2025-26 budgetary exercise that started on February 1.
The House also returned the Appropriation Bill (3) with a voice vote.
Earlier in the day, Finance Minister Nirmala Sitharaman had moved the two bills in the House.
The Lok Sabha had passed the Finance Bill on March 25 and passed the Appropriation Bill on March 21.
Replying to the debate later in the evening, she said the tendency of the finance ministry would be to exercise caution and not let go of revenues.
"But, here we wanted to use this opportunity to show our respect for Indian taxpayer. We have moved towards setting Rs 12 lakh as threshold up to which no one will have to pay any tax," Sitharaman said.
The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 lakh crore, an increase of 7.4 per cent ov

The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 trillion, an increase of 7.4 per cent over the current fiscal

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