Cluster Redevelopment
Rustomjee Secures ₹3,000 Crore Lokhandwala Cluster Redevelopment in Andheri West, Mumbai
Keystone Realtors (Rustomjee Group) has secured the redevelopment of eight housing societies in Lokhandwala, Andheri West, a 4.75-acre cluster project with an estimated gross development value of ₹3,000 crore and over 10.6 lakh square feet of saleable area. Formal agreements are in final stages with three remaining societies.
| Project Status | Pre-launch (RERA registration in process; launch planned Q2 2026) |
|---|---|
| Developer | Keystone Realtors Limited (Rustomjee Group) |
| Location | Lokhandwala, Andheri West, Mumbai (approximately 5 km from Andheri station) |
| Total Site Area | 4.75 acres (19,229 sq. m) |
| Gross Development Value | ₹3,000 crore |
| Saleable Area | 10.6 lakh square feet |
| Configurations | 2 BHK, 3 BHK, and 4 BHK apartments |
| Expected Price Range | ₹80,000–₹90,000 per sq. ft (all-inclusive) |
| Possession Timeline | Target completion 2030 |
| Existing Stakeholders | 548 members across eight housing societies; Development Agreements signed with five; LOIs received from three remaining |
Project Overview and Status
Keystone Realtors (Rustomjee Group) has been selected by eight housing societies as the developer for the redevelopment of these societies as a cluster redevelopment in Andheri West, Mumbai. The project involves the redevelopment of a cluster of private housing societies located in Andheri West (Lokhandwala), with a cumulative plot area of approximately 4.75 acres (19,229 square metres), encompassing 548 existing members.
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. Currently in the pre-launch stage with RERA registration in process, the project is positioned to deliver premium 2, 3, and 4 BHK apartments with expected possession in 2030.
Project Scale and Configuration
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. Luxury 2/3/4 BHK launch is planned for Q2 2026. Pricing is anticipated at ₹80,000–₹90,000 per square foot.
Locality Context and Infrastructure
Lokhandwala Complex, also known as Lokhandwala, is a large, upmarket, and affluent residential and commercial neighbourhood in the Andheri West suburb in Mumbai, India. It is approximately 5 km from the Andheri station. Metro Line 1, Western Railway, Link Road, and upcoming infrastructure like Metro Line 6 make Lokhandwala Complex, Andheri West, highly accessible from every corner of Mumbai.
Kokilaben Dhirubhai Ambani Hospital, one of India's few JCI-accredited private tertiary centres, operates within 3 km, alongside Bellevue and Criticare multi-specialty facilities. Educational institutions including Jamnabai Narsee International School, Ryan Global School, SPIT engineering college, and Bhavan's College serve both current residents and establish a talent pipeline that sustains long-term rental demand. Infinity Mall and Oberoi Mall provide large-format retail, while neighbourhood vendors in Versova and Lokhandwala Market sustain daily commerce.
Broader Redevelopment Trend
Mumbai's iconic Lokhandwala Complex in Andheri West is reportedly undergoing a significant urban transformation, with multiple housing societies entering the redevelopment phase after over four decades of existence. According to industry reports, the residential township, originally developed between 1983 and 1985, is now witnessing widespread demolition and reconstruction activities driven by ageing infrastructure, rising housing demand, and favourable government policies.
The skyline across the township's four main lanes is said to be rapidly changing as buildings constructed by early developers are being replaced by modern structures developed by leading real estate developers in India.
Frequently asked questions
What is the status of the Rustomjee Lokhandwala Cluster project?
The project is in pre-launch stage with RERA registration in process. A formal launch is planned for Q2 2026, with expected possession by 2030.
How many societies are part of the redevelopment, and what is the status of agreements?
The project covers eight housing societies with a total of 548 members. Development agreements have been executed with five societies, and letters of intent (LOIs) have been received from the remaining three, with formal DA execution expected shortly.
What configurations and price range can buyers expect?
The project will offer luxury 2 BHK, 3 BHK, and 4 BHK apartments. Expected pricing is in the range of ₹80,000–₹90,000 per square foot (all-inclusive).
What is the gross development value of the project?
The project has an estimated gross development value (GDV) of ₹3,000 crore, generating over 10.6 lakh square feet of saleable area across 4.75 acres.
What connectivity and amenities are available in Lokhandwala?
The locality is served by Metro Line 1, Western Railway, and the upcoming Metro Line 6. Within 3 km are Kokilaben Hospital and Criticare facilities. Schools like Jamnabai Narsee, Ryan Global, and Bhavan's College; shopping malls including Infinity Mall and Oberoi Mall; and banking facilities are all nearby.
When is the expected launch and possession date?
The project launch is planned for Q2 2026, with target possession in 2030.