How does this deal compare to B-Right's revenue?

The ₹143.45 crore consideration is 84% of B-Right's FY26 revenue of ₹169.9 crore, making it a transformational transaction for the micro-cap.

Is the agreement binding?

Yes, the analyst rationale confirms it is a binding agreement, not a letter of intent or non-binding MoU.

What is the project status?

The Ambika Nagar SRA project has cumulative pre-sales of ₹506.73 crore, with Phase 1 fully sold out. Completion is expected by March 2028.

The buyer is Keystone Realtors, a real estate developer.

Real Estate · Micro cap

B-Right Real Estate lands ₹143 cr FSI sale with Keystone Realtors

Step-down subsidiary Parth Construction sells 176 units in Jogeshwari project; deal equals 84% of FY26 revenue.

— 3 earlier stories on B-Right Real Estate Ltd. →

BRRL By Tipsheet Editorial 17 Jun 2026 · 6:17 PM IST Verify on BSE · NSE

Mkt cap₹970 cr

P/E27.60×

ROE1.20%

Debt / eq.0.55

₹143.45 cr Consideration from FSI sale to Keystone Realtors (84% of FY26 revenue)

What's new

Parth Construction (B-Right step-down) signs binding agreement to sell 176 units (8,800 sqm FSI) to Keystone Realtors.
Consideration of ₹143.45 crore; Ambika Nagar SRA project has cumulative pre-sales of ₹506.73 cr.
Phase 1 fully sold; project completion by March 2028.

Why this matters

For a micro-cap with ₹980 cr market cap and ₹169.9 cr annual revenue, this single deal is 84% of revenue. It provides immediate cash inflow and validates the project's execution pace.

What we're watching

Completion timeline (March 2028) and potential further monetization of remaining inventory.
Impact on B-Right's debt-equity ratio (0.55) as cash flows in.
Whether Keystone Realtors is a new or repeat counterparty.

The full read

B-Right Real Estate's step-down subsidiary Parth Construction signed a binding agreement to sell 176 units, 8,800 sqm of FSI, to Keystone Realtors for ₹143.45 crore. The units are part of the Ambika Nagar SRA redevelopment in Jogeshwari East, Mumbai, where cumulative pre-sales have hit ₹506.73 crore and Phase 1 is fully sold. For a micro-cap with a ₹980 crore market cap and just ₹169.9 crore in FY26 revenue, this deal is 84% of annual revenue and 14.5% of market cap — a material surprise. The agreement locks in cash flow and de-risks the project's monetisation well before the March 2028 completion date.

Questions answered

How does this deal compare to B-Right's revenue?: The ₹143.45 crore consideration is 84% of B-Right's FY26 revenue of ₹169.9 crore, making it a transformational transaction for the micro-cap.
Is the agreement binding?: Yes, the analyst rationale confirms it is a binding agreement, not a letter of intent or non-binding MoU.
What is the project status?: The Ambika Nagar SRA project has cumulative pre-sales of ₹506.73 crore, with Phase 1 fully sold out. Completion is expected by March 2028.
Who is the buyer?: The buyer is Keystone Realtors, a real estate developer.

Mentioned: Parth Construction · Keystone Realtors · ₹143.45 cr

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

B-Right Real Estate Ltd.

Real Estate

₹899 cr

P/E 25.56×

Latest quarter · Mar 2026

Sales₹113 cr

Net profit₹33 cr

Op. margin+41.2%

EPS₹30.63

Strength & growth

Debt / equity0.55×

Current ratio1.77×

Story so far

All notes on BRRL →

17 Jun 2026 · 6:17 PM IST B-Right Real Estate lands ₹143 cr FSI sale with Keystone Realtors
8d ago B-Right Real Estate pre-sales jump 128% to ₹180.94 cr in Q1, exceed FY26 revenue
12d ago B-Right Real Estate board to close ₹40 cr fixed deposit scheme
36d ago B-Right Real Estate locks in ₹179 cr Parel project