India, Oct. 8 -- The Mumbai-based real estate developer behind the Rustomjee brand has closed the September quarter with a sales figure it has never reached before. One important cash measure went the other way, though. The company also launched and started new projects, finished several buildings ahead of schedule, and lined up partners for construction technology and fund management. Management links the result to demand at the upper end of the market and says more launches are planned for the coming festive months.

Shares of Keystone Realtors Ltdclosed at Rs. 359.75, down 5.22 percent on Thursday. The stock touched the intraday high of Rs. 393.90 after opening at Rs. 383.45 before slipping to a low of Rs. 356.40. The company commands ...