Rustomjee Selects Lokhandwala Cluster for ₹3,000 Crore Redevelopment in Andheri West

Project Overview

Keystone Realtors has been selected to redevelop a cluster of eight private housing societies located in Andheri West (Lokhandwala), with a cumulative plot area of approximately 4.75 acres, encompassing 548 existing members. The proposed redevelopment is expected to unlock a saleable area of approximately 10.6 lakh square feet for Rustomjee.

Development agreements (DA) have 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.

Product Type & Specifications

The project will offer luxury 2, 3, and 4 BHK units, with launch targeted for Q2 2026. The project is currently in the new launch stage; pricing, possession details, and additional specifications will be announced by the developer in the coming months, as will RERA registration details.

Planned amenities are expected to include landscaped gardens, clubhouse, swimming pool, gymnasium, children's play zone, jogging track, indoor games, multipurpose hall, and advanced security systems.

Locality Context: Lokhandwala, Andheri West

Lokhandwala, located in Andheri West, is a prestigious residential neighborhood in Mumbai's West Zone, renowned for its upscale living and well-planned infrastructure. Once an industrial belt, it has transformed into a sought-after enclave for professionals, celebrities, and affluent families, blending cosmopolitan charm with modern convenience.

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. Andheri Railway Station is 3 km away, DN Nagar Metro Station is 2.5 km away, and Western Express Highway is 4 km away, providing excellent connectivity throughout Mumbai.

The area is dotted with high-rise luxury apartments, gated societies, and premium amenities that cater to a refined urban lifestyle. With Mumbai's western suburbs witnessing a consistent demand for modern housing, especially in areas like Lokhandwala that are close to key commercial hubs, this project is poised to attract significant interest from both end-users and investors.

Developer Background

Keystone Realtors, doing business as Rustomjee, works as a real estate company that sells and builds residential structures such as single and apartments, multi-family homes, and condominiums, as well as constructs retail amenities and business parks. As part of its business model, the company focuses on entering into joint property agreements, redevelopment agreements with landowners or builders, or societies, and slum rehabilitation development.

Rustomjee's additions include projects in Lokhandwala, GTB Nagar, Dindoshi and Malad West. These projects firmly position Rustomjee to lead the next wave of Mumbai's urban transformation built on trust, design excellence and upliftment of the communities. Rustomjee is a preferred partner and now not only with societies, but also with MHADA to carry out large cluster redevelopments.

Timeline & Status Notes

In Q3 FY '26, Rustomjee added this Lokhandwala Cluster project. With this, the total estimated GDV of their Lokhandwala Cluster would be approximately INR 3,900 crore. The project is classified as Upcoming as of September 2026, with formal agreements still being finalized with the remaining three societies. Pricing, possession timelines, and RERA registration details have not yet been publicly disclosed but are expected to be announced upon formal launch.