India, Feb. 16 -- Mumbai-based listed real estate developer Keystone Realtors, also known as Rustomjee Group, on February 16 announced that it has been selected as the developer of choice for the redevelopment of eight housing societies in Mumbai's Andheri area, having a revenue potential of Rs.1,775 crore.

The company said the project comprises eight housing societies of the Om Nagar Co-operative Housing Society Federation in Andheri East. area.

According to the company, the proposed redevelopment will result in the rehousing of 637 existing members across all societies and is expected to unlock a significant free sale potential of five lakhs sq ft of RERA carpet area, with an estimated Gross Development Value (GDV) of Rs. 1,775 crores...