db realty
this is db realty’s fourth monetization pact after forming joint development agreement for ...
leading real estate / builders / contractors of db ozone real estate services, db skypark real estate services, db crown real estate services and db orchid heights real estate services from mumbai .
db realty: a customer - centric real estate developer, focusing on premium homes in mumbai .
db realty' s project db ozone was to be delivered in 2012 but has failed to see the light of the day even four years later .
also, the alleged involvement of db realty’s promoters in the 2g scam doesn’t seem to have affected db realty’s capability to raise bank debt yet. gattu stated that banks have sanctioned r300 crore of loans for the db crown project, out of which the company has already drawn r260 crore for construction purposes. db realty’s consolidated net debt stands at around r800 crore at present .
the communiqu stated that db realty' s business would continue in the normal course under new managing director vinod k. goenka .
the unacceptable rider that came along with the offer has indeed shocked the families who are now planning to file an fir against db realty .
rajagopal did not respond to calls or emails. according to a db realty statement :
rajagopal, a non - executive director of db realty, was appointed as a nominee of lehman brothers, pursuant to their investment in db realty prior to the ipo. as per the ssa (share sales agreement), the right to appoint nominee directors by all such investors ceased to exist on october 1, 2010. post his joining starwood capital, his current schedule and commitments do not permit him to continue to be on board of db realty and, hence, he has taken the decision to resign from the board. db realty is in the process of consolidating and reconstituting the board to make it focused .
n. m. gattu, db realty’s cfo, says the firm has already managed to sell around 50% each in two projects, db crown in prabhadevi and db orchid heights in mahalaxmi. “once we reach a typical floor height, the project will generate automatic cash flows, ” gattu said .
however, analysts say there has been no concern about project execution for now. but db realty' s shares have been suffering since the scam broke out .
vinod goenka, md, db realty said, “we at db realty will use the platform of art to bring to the forefront social problems and issues which touch all of our lives. we are committed not only to building world - class homes but are also committed to support organisations engaged in helping those who are socially disadvantaged .
real estate developer db realty has fixed the issue price of its initial pubic offer (ipo) at rs 468 per share — the lower end of its price band .
crisil has assigned an ipo grade 2 to db realty ltd ipo. this means as per crisil, company has' below average fundamentals'. crisil assigns ipo gradings on a scale of 5 to 1, with grade 5 indicating strong fundamentals and grade 1 indicating poor fundamentals. click here to download the crisil ipo grading document for db realty limited
sundaram rajagopal, managing director of starwood capital, india and southeast asia, has resigned from the board of directors of mumbai - based db realty, the company said today .
michael mccook a director representing trinity capital on db realty' s board was the latest to have stepped down. trinity has 4. 66 per cent stake in the firm .
db realty, one of mumbai’s biggest real estate developers, is offering choppers for its potential home buyers for its south mumbai’s premium projects to oversee the progress of their projects .
durhman & bassett realty group is dedicated to developing quality sustainable projects with superior returns .
mumbai - based real estate developer db realty will raise rs 1, 500 crore through an initial public offer and has filed the draft prospectus with market regulator sebi for the same .
analysts state that though db realty may have managed to cross some regulatory hurdles, the time taken for it to do so has also seen the market for premium residential real estate shrink .
you can view full text of the director' s report for d b realty ltd .
mr. vinod goenka, md, db realty with his characteristic reticence had this to say “we at db realty, will use the platform of art to bring to the forefront social problems and issues which touch all of our lives. we are committed not only to building world class homes but are also committed to support organizations engaged in helping those who are socially disadvantaged. ”
a change in mumbai’s development control rules also led to many projects being held up. vipul bansal, db realty’s, ceo says, however, all issues regarding approvals have been resolved. ”
city - based businessman pramod goenka (52), brother of chairman of construction firm db realty vinod goenka, is believed to have been kidnapped by an african gang in mozambique on saturday .
db realty entered into the capital market with an issue size of 3. 20 crore equity shares in a price band of rs 468 - 486 a share with face value of rs 10 .
in a separate statement, db realty has inducted the fathers of the two co - promoters as additional directors on the board. krishna murari goenka (father of vinod goenka) and usman balwa (father of shahid balwa) have joined the board from april 21, 2011. “both of them have vast experience, maturity and business knowledge, which will immensely benefit the company, ” db realty said .
both of them have vast experience, maturity and business knowledge, which will immensely benefit the company ,
db realty informed the stock exchanges in a regulatory filing about the two board level inductions .
major efforts are underway to intensify and broaden db realty’s sustained program of making mumbai a better place to live in. the breadth of this involvement will bring a smile to the people of this extraordinary city .
db realty will close below rs. 400 today. i told you every time that when s. p. tulsian said to apply please do not apply and if he said to avoid please apply. i am working on same formula when he said i do reversal and earn lot of money. one can read the following comment by him where he was saying to apply even on upper band in db realty urltoken
paisa doob gaya db realty me... . hum to pharte hai issue listing gains ke liye. some fool advised me to go for this issue saying that there is a big name involved in this issue. where is this big name now. if aqua logistic which has a fundamental value or 50 rs can list at 240 then whats wrong with db realty operators. dont they care for us. .
even as uncertainty grips the fate of two of its promoters - shahid balwa and vinod goenka - arrested for their alleged involvement in the 2g scam, their fathers were appointed as additional directors in db realty .
with regulatory hurdles out of the way, db realty would need to accelerate sales in its upcoming and existing projects to stay afloat. but with a final verdict on the 2g case still pending, any adverse judgment with respect to db realty’s promoters may impact consumer and investor sentiment on the company, especially since goenka and balwa continue to function as chairman and vice chairman of the company, along with being joint mds .
the senior balwa and goenka, who have decades of experience in running their hospitality and real estate businesses, have joined the board of db realty as additional directors since independent and other directors are leaving in droves .
db ozone of db realty, a luxurious and prestigious residential development having 1bhk, 1. 5bhk and 2bhk apartments will be coming up in the rapidly expanding residential vicinity of mumbai. its proximity to hospitals, government schools and other reputed schools, colleges, banks, supermarkets and specialty restaurants will make it a dream destination .
db house general a. k. vaidya marg, goregaon (e), mumbai - 400 063, india
db house general a. k. vaidya marg, goregaon (e), mum - 400 063, india
db realty has taken the first step in this direction by associating with prominent theatre personality - mr feroz khan, who has directed the indian adaptation of the 2000 pulitzer award winning play by donald margulies ‘dinner with friends’ .
in a filing to the bse, db realty informed that the company had availed of rs 200 crore loan from lic housing finance ltd in january 2010 and out of that, rs 188 crore were disbursed to it .
db realty today said it plans to raise as much as rs 1, 500 crore through an initial public offer (ipo) and will sell each share at a minimum of rs 468 and a maximum of rs 486 .
last month also saw the arrest of shahid balwa, managing director of db realty. he then gave his resignation. he was taken into custody by the central bureau of investigation in connection with the 2g telecom spectrum scam .
there were reports that starwood had withdrawn from db realty' s bandra government colony redevelopment project here, where it was an investor. in an emailed response, db realty said :
starwood capital is considering investment in the bandra government colony project and we have signed a non - binding term sheet with them. due diligence is currently in process. and, we have not received any information from them about backing out of the deal. ”
db realty limited was incorporated in 2007 and enjoys multifaceted portfolio with developments in residential and commercial sector. they partnered with best in class contractors and architects for their developments and in - house project management team of experts for execution process. db realty developers have developed several residential spaces and commercial projects at different locations in mumbai and pune. the builders have delivered exceedingly remarkable spaces over the years and have supremely served the end investors. few of its
db realty, one of mumbai’s biggest real estate developers, is offering choppers for its potential home buyers for its south mumbai’s premium projects to oversee the progress of their projects. but the same company is also playing the delaying tactics in giving possession to more than 3, 500 home buyers in its project named db ozone in suburb dahisar .
mumbai - based real estate firm db realty, whose promoters were embroiled in the alleged scam over allocation of 2g spectrum to telecom firms, is looking to move out of the shadows of a chequered past and launch new projects .
db realty is a listed real estate company based in mumbai incorporated on january, 08th 2007. the company is the flagship company of the dynamix balwas group which focuses on the development of residential, commercial, retail, mass housing and cluster redevelopment projects, in and around mumbai. the legacy of db realty lies in the vision of mr vinod goenka & mr shahid balwa, who established this partnership in 1997 and have soared from one success to another since then .
nazia khan, one of the home buyers who was promised a flat in two years, is in tears. the mira road resident had sold her house and gold jewelry to invest in a db realty project almost eight years ago .
despite, their announcement of fund crunch, however, db realty continues to carry out work on its site at bandra, mahalaxmi and prabhadevi where it is advertising in newspapers of touring buyers via choppers to oversee progress of its project .
db realty’s management says the company plans to launch projects with a total saleable area of six million sq. ft in the next one year. these should fetch its revenues of around r20, 000 crore over the next four to six years .
db realty focuses on residential, commercial, retail and other projects, such as mass - housing and slum redevelopment, in and around mumbai. enam securities pvt ltd and kotak mahindra capital co are the book running lead managers to the issue .
db realty plans to inject rs 1, 044. 6 crore into four residential and commercial projects in mumbai and pune named orchid zone, orchid centre, ascot centre ii and orchid corporate park by 2013, according to the share sale document .
new delhi: db realty has fixed the issue price of its initial pubic offer (ipo) at rs 468 per share—the lower end of its price band. the mumbai - based realty firm' s rs 1, 500 - crore ipo that closed on february 2, was subscribed nearly three times. the issue would constitute 13. 18 per cent of the fully diluted post - issue capital of the company, db realty said. db realty entered into the capital market with an issue size of 3. 20 crore equity shares in a price band of rs 468 - 486 a share with face value of rs 10. the issue, which opened on january 29, was subscribed 4. 4 times from the qualified institutional buyers (qibs) portion. the proceeds of the ipo would be utilised towards new projects, pre - payment of loan and general corporate purposes .
reportedly, db realty has shifted its attention from the mid - sized 2 & 3 bhk flats to super premium flats costing more than rs 6 crore, complete with a helipad at the top for prospective riders to get a close view of the property .
mccook is the fifth board member to step down in the last three months from the firm that went public last year. most recently, sundaram v rajagopal, managing director of starwood capital india advisors, who was on db realty’s board for the last four years as a non - executive director, has stepped down from the post. earlier, rajagopal was a nominee director of bollywood mauritius holdings (a lehman bros entity), another financial investor in db realty before its ipo. last october, he ceased to be a nominee director of the realty firm and was appointed as an additional director (independent non - executive director) .
rajagopal’s is the third recent high - profile exit from db realty' s board. last month, shahzad dalal, vice chairman and managing director of il & fs investment managers, and former state bank of india managing director chandan bhattacharya, resigned as directors .
db house gen. a. k. vaidya marg, goregaon mumbai 400063 p: + 9122. 40778600 f: + 9122. 28422444
but bansal insists that db realty’s project have been consistently doing well. “in fact, in the last quarter of 2014 we obtained occupation certificates for three projects. customers are looking for delivery and quality and we see no negative feedback from them during our interactions. ”
d b realty limited db house, gen. a. k. vaidya marg, goregaon (east), mumbai 400 063, india phone: + 91 22 4077 8600 fax: + 91 22 2842 2444 email: sak. narayanan @ urltoken website: urltoken
whether you are looking to buy, sell, or lease, durhman & bassett realty group, inc. offers it all .
mumbai: it is not just jaypee klassic in uttar pradesh’s noida which has not been able to adhere to the timeline and deliver flats. mumbai’s db realty, too, has failed to keep its promise of delivering dream homes to at least 3600 families in mumbai’s dahisar .
cnn news 18 tried to get in touch with db realty ceo vipul bansal but the calls went unanswered. after two visits to the company office, we were told that bansal was out of town. nobody from the company agreed to speak about the case on his behalf .
realty stocks are traded on the bourses at a price - earnings multiple of 18 times; and if the same is applied to db realty’s future earnings the value of the company could be much higher. although the first quarter of 2012 - 13 has seen a sharp fall in the company’s revenues and profits, a trend that may persist in the near - term, there is hope of things looking up .
durhman & bassett realty group, inc. currently manages over 695, 000 square feet of commercial space. our managed properties include :
on tuesday, realty players like sahara prime city, emaar mgf and lodha filed drhps to raise over rs 11, 000 crore .
we will sell around three crore shares. so, on the lower band of the issue, the promoters will offload 13. 4 per cent stake while on the upper band they will dilute 12. 75 per cent ,
db realty group, cfo, jayesh doshi said .
db realty started the pre - launch bookings for the project in 2008 followed by construction work starting in 2009 promising its buyers of giving possession in 2012, but till today it has only extended its deadline, following which the buyers have now decided to move the consumer court for justice .
you can view name of chairman, ceo, cfo, management team, board of directors and key executives of d b realty ltd .
meanwhile, the company is also looking out to rope in additional directors to fill the vacant slots. as of monday, including senior balwa and goenka, db realty has five directors. these include chairman karun c. srivastava, a former maharashtra cadre ias officer; mahesh gandhi and vinod goenka .
d. b. realty limited - real estate / builders / contractors of current projects, completed projects & upcoming projects in mumbai, maharashtra .
as of august 31, 2009, db realty have ten ongoing projects, aggregating approximately 18. 61 million square feet of saleable area, nine forthcoming projects, aggregating approximately 20. 17 million square feet of saleable area and six upcoming projects, aggregating approximately 22. 11 million square feet of saleable area .
we propose to meet the requirement of funds towards construction cost of four ongoing projects from the net proceeds over the next 12 - 24 months. besides, we will use the money to repay a loan of rs 80 crore to idfc ,
db realty, managing director shahid balwa told reporters here .
a comprehensive human resource strategy focussed at delivering the vision forms the backbone of the hr practice at db realty. leadership development, empowerment, continuous learning and growth are the core tenets of our hr strategy. we welcome spirited individuals who share our vision and would strive to achieve excellence in all spheres of work .
unlike most real estate companies, which are struggling with high debt, db realty has a debt of only rs 326 crore against equity of rs 3, 384 crore. even if the debt of its subsidiaries is included, the debt to equity ratio may not cross 0. 4 times, which is comfortable .
brief - d b realty says civil judge senior division, thane dismissed suit w. r. t. free hold land held by mira real estate developers
iirf holdings, an investment arm of il & fs private equity - managed fund, owns 4 per cent stake in db realty while trinity capital held 4. 6 per cent stake as of march 31, 2011. however, the company has witnessed a decline in institutional holding for the last four quarters on the trot .
kim goode serves as assistant property manager for durhman & bassett realty group. kim joined d & b in 2017 with over 7 years of property management experience .
justin poses handles leasing and brokerage duties for durhman & bassett realty group. justin joined d & b in 2017 and is a licensed texas real estate broker .
db realty, india’s leading real estate developer, has announced a program committed to making a difference in the lives of less privileged people. the company has initiated an integrated corporate social responsibility program, ‘vision mumbai’ that will extend support to ngo’s dealing with issues related to shelter, education, health, environment, women’s empowerment and children .
mumbai is the most preferred realty destination for both developers and buyers alike, as this profitable zone benefits both the parties by providing them with an opportunity to earn good returns on their investments. the continuous growth in the realty industry can be clearly observed from the urltoken mumbai insite january - march 2015 report. according to it, the residential prices saw a consistent rise and the realty landscape grew by two percent in the quarter of january - march 2015 as compared to previous quarters .
derek quinn handles leasing and brokerage duties for durhman & bassett realty group. derek joined d & b in 2017 and is a licensed texas real estate sales agent .
extending this logic for db realty, the company has an equity base of rs 3, 384 crore. under normal circumstances, the company has generated return on equity (roe) equivalent to the bank rate or profits of around rs 300 - 330 crore, which is 10 times higher than its profits in fy12 (an exceptional year) .
steve durhman serves as president of durhman & bassett realty group and is one of the founders of the company. steve' s primary focus is retail development and brokerage .
db realty, listed in 2010. but a year after that, one of the group’s firms swan telecom, along with its promoters shahid balwa and vinod goenka were dragged into the 2g controversy as it was alleged that then telecom minister a. raja had illegally helped swan telecom bag 2g licences. balwa and goenka were even arrested and later released on bail .
“db crown” at prabhadevi is a residential project offering luxury of ampleness of space and an endless view of the sea. the construction work of the said project is progressing as per revised plans .
“db ozone” at dahisar is a large residential project and the civil structure work for sale and rental building has been completed and handing over of possession of the flats for fit outs has commenced .
another independent director on the board of il & fs private equity and trinity capital - backed real estate firm db realty has quit. michael mccook, a senior advisor at trikona advisors (former investment advisor of trinity capital) and a former senior investment officer (real estate) at calpers, has quit the board, leaving just two independent directors functioning for the company .
d b properties private limited incorporated as a private limited company on january 8, 2007 under the indian companies act, 1956. the company is engaged in the business of real estate development and construction. db properties became a subsidiary company, with effect from september 30, 2008 when 10, 000 equity shares were acquired, aggregating to 100% of the paid–up capital of db properties .
fred polansky serves as regional property manager for durhman & bassett realty group. fred joined d & b in 2016 with over 27 years of commercial property management and construction management experience .
apart from the share price, db realty’s fundamentals reveal the possible reasons behind the purchase. the company currently trades at a value which is almost equal to the inventory in its books. experts who are tuned in with the development also suggest that a part of the inventory must be sitting in the books at lower cost compared to its real value as projects have been delayed .
the db group had a joint venture with abu dhabi - based etisalat to offer telephony services in india, but with the supreme court cancelling its telecom licences in 2012, the latter exited india .
d b man realty limited incorporated as a private limited company in the name of d b hi–class construction private limited on august 22, 2008 under the indian companies act, 1956. the company' s name was changed from db hi–class constructions private limited to d b man realty private limited with effect from october 23, 2009. subsequently, the company has been converted into a public company and the name has been changed to d b man realty limited, pursuant to a shareholders resolution dated november 30, 2009. the company is engaged in the business of real estate development and construction. dbmrl became a subsidiary company, with effect from september 17, 2009 when 5, 100 equity shares were acquired, aggregating to 51% of the paid–up capital of dbmrl .
the other four directors who have resigned from db realty after the scam broke out include sundaram rajgopal, md, starwood capital; shahzaad dalal, vice - chairman (v - c), il & fs investment managers; chandan bhattacharya, former md of state bank of india and managing director (md) shahid balwa who put in his papers after denial of bail in february this year .
goenka, director of several realty firms, was reported missing hours after he landed in maputo, capital of the south - eastern african nation, to meet a gujarati businessman on february 17 .
a series of charity performances across the country and even abroad are scheduled during the year. this is a first step towards realizing db’s broader vision of a long term affiliation with the arts to benefit social causes .
conceptualized by the renowned architect, hafeez contractor, db ozone has been carefully designed to enhance comfort and connectivity for its residents. these affordable homes offer a plethora of services suitable for convenient living, including a gated community spread over 14 acres. located off the western expressway at dahisar, db ozone offers fast connectivity to the main city along with easy access to multiple shopping hubs and variety of educational institutes in the vicinity .
“db heights” at mahalaxmi is a residential tower offering the luxury of size and space along with an unmatched view of the arabian sea as well as the golf course. the construction work has commenced as per approved plans .
those who religiously follow rakesh jhunjhunwala would have bought shares of db realty after his buying was reported — 1. 25 million shares at an average price of rs 90. 21 apiece totalling rs 11. 27 crore last friday. and, why not? although jhunjhunwala hasn’t been heard talking about his investment in this stock, as a stock - picker, he is known for his early moves in picking up deep value stocks .
db realty’s ambitious plans for the future are contingent upon securing some key, necessary approvals from the maharashtra government for its upcoming projects in mumbai, which have been long pending. on december 31, the real estate firm said that it expected to get necessary clearances for three of its projects—slated to come up in upscale locations of marine lines, mahalaxmi, and bandra (west) —shortly, subsequent to a high court ruling in its favour .
established in 1993, durhman & bassett realty group, inc. specializes in the development, brokerage, leasing and management of quality retail properties. superior strategy, quality representation and timely execution are our primary objectives .
d b realty incorporated as a public limited company under the indian companies act, 1956 on january 8, 2007 and received certificate for commencement of business on february 28, 2007. it was converted to a private company and the company' s name was changed to d b realty private limited, pursuant to a shareholders resolution dated may 14, 2007 and received a fresh certificate of incorporation on july 9, 2007. subsequently, the company was converted to a public company and the name was changed to d b realty limited, pursuant to a shareholders resolution dated september 5, 2009 and received a fresh certificate of incorporation on september 23, 2009 .
db realty limited (dbrl) is a real estate development company focusing on residential, commercial, retail and other projects, such as mass housing and cluster redevelopment in and around mumbai. today, the group is one of india' s top real estate developers, with presence in commercial, residential, hospitality, retail, it parks and gated communities. its existing product portfolio ranges from upscale buildings, lavish villas and some of the most elite malls in the country .
developers now seem to enter various fields to promote the social causes as a part of csr initiatives. under their new initiative ‘vision mumbai’ db realty has taken a step by associating with prominent theatre personality, feroz khan, who has directed the indian adaptation of the 2000 pulitzer award winning play by donald margulies ‘dinner with friends’. as a part of the series of charity performances across the country, the play dinner with friends was held on saturday, 22nd january, 2011 at tata theatre ncpa .
in db realty’s case, jhunjhunwala has entered the stock at one - fifth its peak value (rs 475 in september 2010). in a bid to understand what could have possibly excited one of india’s shrewdest investors, we looked at the company’s assets and financials. while our analysis suggests there is potential for gains, investors should note that there are risks as well in the form of the company’s ability to revive its financials as well as lack of clarity over legal issues pertaining to the promoters .
while some home buyers say that they find it difficult to survive in a tiny rented flat, others who had been living abroad add that a new house was their dream as they had moved to india hoping that db ozone project would be completed on time .
db realty scrip, which lost over three - fourth of its value since last october, had seen some bottom fishing after it hit a 52 - week low on march 29 and was trading at rs 105 levels in early morning session on monday, down 0. 66 per cent from previous close. all the pre - ipo financial investors have an average cost of purchase of rs 190 per share, according to vccircle estimates, which means they are sitting on unrealised loss of around 45 per cent .
randy bassett serves as vice president and chief executive officer of durhman & bassett realty group and is a founder of the company. randy' s specialties are in the areas of financial analysis and forecasting, contract administration, project marketing and brokerage .
mumbai - based realty firm’s rs 1, 500 - crore ipo, that closed on february 2, was subscribed nearly three times. the issue would constitute 13. 18 per cent of the fully diluted post - issue capital of the company ,
db crown is one of the most distinguished addresses in south mumbai. in fact, there are several factors which make it the ideal residence. the prime location, sprawling spaces and breathtaking views of the skyline and shoreline, to name a few. that a sought - after name like hafeez contractor works at crafting these living spaces explains the sophisticated ambience that db crown exudes. from the 13 feet high ceiling to the unhindered views of the arabian sea, eastern harbour and the bandra - worli sea link to a multitude of amenities and sports facilities, db crown offers everything the discerning resident would desire. what' s more, it offers all of this within the proximity of the best shopping destinations, central business districts and the siddhivinayak temple. a luxurious lifestyle doesn' t get more real than this .
a complete makeover while there is potential in the company, the big question is whether it will be able to convert its inventory into sales. the company has taken steps to address this issue and is aiming for a complete makeover. db realty has appointed a new advertising agency to re - energise its brand. it has also appointed a new chief executive officer and has set up a committee to fast - track it project execution. it expects to get clearance for some of its projects and hopes to launch new projects this fiscal .
tchless constructions are db crown, orchid views and orchid castle. the developers have been accredited for changing the definition of luxury apartments in mumbai and created aesthetically striking residential spaces. tailoring the needs and requirements of the end customers, they have brought several high end structures in to existence .
shantaram bhandari, a kalina - based buyer booked a 2 bhk flat back in 2009, said that they were initially given a deadline of december 2012. however, while signing the agreement in 2011, the deadline was changed to december 2014. “i have paid almost 89 per cent of the payment by taking loan from a private bank and like me almost everyone has paid the same amount. in such a scenario i fail to understand when the payment is already been done where did db realty diverted these funds instead of putting them in construction of our houses ”
situated at the centre of the hospitality district of mumbai, a 5 - minute drive away from the mumbai international airport, db skypark makes for a highly coveted address. the 2, 3 and 4 bhk flats are designed to offer first - class comforts along with an array of common amenities, including a swimming pool, manicured gardens and a coffee lounge. minutes away from a range of hotels, namely the hilton international airport hotel, the hyatt regency and the lalit, you shall find that with an investment in db skypark, location will be your greatest asset and time, your treasured luxury .
db orchid heights, located in mahalaxmi offers unhindered views of haji ali, the wellingdon sports club, the mahalaxmi race course and the eastern bay. both towers of 70 and 55 storeys each consist of 4 bhk flats with luxuries such as private, access - controlled elevators leading into your living room and a common 3 acre elevated podium garden with plenty of activities to keep you engaged. db orchid heights is strategically located near the central business districts of lower parel and bkc and also has popular educational institutions and entertainment hubs, such as nss hill spring international school, palladium and high street phoenix in close proximity ,
“db skypark” near international airport, andheri is being developed in through a joint venture on approx. 1. 5 acres of land with 6 wings. the project site is at very strategic location and is well connected by way of metro, road network and railways. the construction work is going on as per approved plans .
during the year under review, the company namely horizontal realty & aviation private limited (hrapl) has become a 63% subsidiary of nine paradise erectors private limited which is a 100% subsidiary of the company. in other words, hrapl has become step down subsidiary of the company with effect from 2 nd january, 2017 .
why these companies i. e. nhpc, indiabulls power, reliance power, d b realty, emmbi polyarn, euro multivision etc. are looting to public at maximum rates if they have no value. is there anyone in india who can save the investors from these lutere? can anyone can loot the public @ any rate ?
dahisar east has become a top most choice of property seekers of mumbai. the realty landscape of this locality has a good spread of housing units ranging from affordable units to high - rise apartments. the area has good transport facilities that establish swift connectivity with the entire city. also, dahisar east has renowned hospitals and medical care units .
the company trades at a market capitalisation of rs 2, 711 crore and has current assets of rs 2, 860 crore on a consolidated basis. even if its current liability of rs 1, 317 crore and debt of rs 326 crore are deducted, the stock trades at a little over two times its liquid assets. and this value does not include the value of fixed assets of rs 446 crore, investments of rs 1, 005 crore and capital work - in - progress of rs 43 crore. if these are included it adds up to rs 2, 711 crore, which is equal to db realty’s current market value. this also suggests that the market is not factoring in the potential upside of its current land bank .
the ipo page of d b realty ltd. captures the details on its issue open date, issue close date, listing date, face value, price band, issue size, issue type, and listing date' s open price, high price, low price, close price and volume. it also captures the holding period returns and annual returns .
they are jointly promoted by mr. vinod k. goenka and mr. shahid u. balwa, whose families have been in the real estate and allied businesses for more than 25 years and 95 years, respectively. db' s significant shareholders also include il & fs; trust company limited, iirf holdings vi limited, trinity capital (eleven) limited, bollywood mauritius holdings and walkinson investments limited .
d b realty ltd is a real estate development company that has been built on a strong reputation of excellence through quality. the company operates as a real estate development company. they focus on residential, commercial, retail, and other projects, such as mass housing and cluster redevelopment, in and around mumbai, india. the company' s existing product portfolio ranges from upscale buildi... > more
pursuant to the applicable provisions of the companies act, 2013, read with the iepf authority (accounting, audit, transfer and refund) rules, 2016 ('' the rules''), the application money of'' 6132 / - outstanding in the “refund account d b realty public issue” which remained unclaimed for seven consecutive years from the date of issue and due for refund was transferred to investor education and protection fund on march 4, 2017 .
( h) para 6 (i) (note no. 57) of sfs and para 6 (viii) (note no. 54) of the cfs: with regard to the provisional attachment upheld by the enforcement directorate (ed), involving bank balance, two flats belonging to the company and loans given to a subsidiary company of marine drive hospitality & realty pvt. ltd. (formerly d b hospitality private limited), these relates to the 2g case in which the managing directors of the company and two of its key management personnel have been charged with commission of offences based on the investigation by cbi. the adjudicating authority has taken over the bank balance of rs, 68. 92 lakhs and has been given roccp shares of marine drive hospitality & realty pvt. ltd. , in the name of the company for rs, 73. 67 crores. the attachment order is contested by the company in the appellate tribunal. the matter is sub - judice. the company is confident that the outcome of the cases will have no adverse impact on the company and its functioning .
( j) para 6 (k) (i) and (ii) [ note nos. 48 (a) (iii) (1) and (iii) (2) ] of sfs and para 6 (xii) (a) and (b) [ note nos. 48 (a) (i) (b) and 48 (a) (iii) ] of cfs refers to disclosures in the audited financial statements of the firm dynamix realty regarding outstanding receivables which is good for recovery and the allegations in the 2g spectrum case which is sub - judice. these notes are self - explanatory .
the turf estate project in mumbai is awaiting certain approvals and is one of the largest projects of the company, which will offer substantial revenue potential in future. project site at bandra reclamation, in which your company has substantial stake through a wholly owned subsidiary company which is a parter in the firm, om metal corporation has been awaiting certain approvals for launching. further, project site at marine lines being executed through another company viz. marine drive hospitality & realty pvt. ltd. , (mdhrpl) in which your company has considerable economic interest has got its plans approved from competent statutory authority. mdhrpl is developing a residential tower and its wos developing a convention centre and hotel project at aerocity near new delhi international airport in tie up with a reputed partner .
( b) para 6 (b) of sfs and para 6 (( iv) of cfs (note nos. 7. 2 of sfs and 8. 3 of cfs: the auditors have referred to certain investments made in the preference share capital of an entity for an amount of rs, 561, 38. 58 lacs. this relates to investments made by your company in the preference share capital of marine drive hospitality & realty pvt ltd in the forms of compulsorily convertible cumulative preference shares, redeemable, optionally convertible cumulative preference shares and cumulative redeemable convertible preference shares, which bear specified rates of dividend. this company is proposing to implement the project in real estate including commercial, and residential activities and hence this investment is considered as strategic and in the long term interests of your company .
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according to a senior executive of a large property consulting firm, the controversy surrounding the 2g scam casted a “big dent on the company’s image, ” in the minds of buyers and investors. he declined to be identified. “as the promoters were not around, decision making got prolonged and there was a complete vacuum for almost two years, ” this consultant said .
insisting that customer confidence in the company is intact, bansal stated that none of the company’s customers have cancelled bookings. “during this period, our customers have only enhanced their holdings in terms of value of their apartments. at a one - on - one level, we have very good equations with our customers, many of whom have invested in more than one of our projects, ” bansal said .
“there is a serious dearth of customers and developers who have recently launched projects already offering discounts and freebies to attract them, ” a senior executive with a second property consulting firm said, and added that real estate firms that don’t have a good track record may find it difficult to attract customers .
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corporate social responsibility (csr) is not a new concept. there have been initiatives taken by various segments of society to create a growth oriented environment by extending support to various social causes under csr. while csr not only creates a positive image for the organisation it also play a vital role in improving the quality of life of the employees and the community at large .
with real estate being one of the major sectors with regards to employment, developers are realising that their commitment towards the society is wide - ranging and are therefore coming forward with various measures. these include by organising health camps, giving donations, forming trusts and giving a helping hand towards the needy .
pujit aggarwal, ceo and md, orbit corporation ltd, says, “as a first step towards csr we have the orbit socio foundation, a charitable organisation promoted by the group wherein one per cent profits are donated towards the foundation. our csr activities largely focus on the betterment of the city which involves educating the underprivileged, answering to the medical needs of the old age. we donate 500kg of food grains, oil and rice to ngos in the city every week. ”
feroz khan, who has won several international and national awards, says, “it is a privilege to be a part of such a terrific idea. having led the growth story of the city and benefited from it, the participation of the real estate industry in nourishing the cultural landscape of mumbai will help in making mumbai a more sensitive and deeply caring place in which to live. ”
“the ‘vision mumbai’ programme amongst other activities will extend support to ngos dealing with issues related to shelter, education, health, environment, women’s empowerment and children. the breadth of this involvement will bring a smile to the people of this extraordinary city. ”
along with society, concern for environment has also been a part of initiatives taken by the developers. “on an individual level we make sure that all our buildings are green compliant with systems like water harvesting, sewage treatment plants, solar panels, quadruple glazing to make the buildings more energy efficient along with landscape greenery to add to the aesthetic appeal of the area, ” says aggarwal .
csr is an important part of any organisation. it not only has a wide reach but also far reaching effects .
mr. khan has won several international and national awards for his film “gandhi my father”. his hindi play “tumhari amrita” is a path breaking piece in indian theatre. his recent work, a film on population control commissioned film by the union ministry of health, on world population day is making waves across rural india .
a pulitzer prize winning drama by donald marguilles, adapted and directed by feroz khan. the play is a benchmark of excellence and success. the show will be held on saturday, 22nd january, 2011 at tata theatre ncpa, 7. 30 pm.
db realty ltd. ( dynamix balwas realty ) is a mumbai based , real estate development company and the flagship company of db group , established in 2006 . db realty ltd. has an expanding portfolio , currently consisting of 25 projects in and around mumbai and pune . the company focuses on various stages of planning and constructing residential and commercial properties as well as mass housing and cluster redevelopment projects . the company ’s notable projects include db crown , orchid heights , db woods , orchid suburbia and db ozone . 
db realty ltd. (dynamix balwas realty) is a mumbai based, real estate development company and the flagship company of db group, established in 2006. db realty ltd. has an expanding portfolio, currently consisting of 25 projects in and around mumbai and pune. the company focuses on various stages of planning and constructing residential and commercial properties as well as mass housing and cluster redevelopment projects. the company ’s notable projects include db crown, orchid heights, db woods, orchid suburbia and db ozone.
db realty ltd. (dynamix balwas realty) is a mumbai based, real estate development company and the flagship company of db group, established in 2006. db realty ltd. has an expanding portfolio, currently consisting of 25 projects in and around mumbai and pune. the company focuses on various stages of planning and constructing residential and commercial properties as well as mass housing and cluster redevelopment projects. the company ’s notable projects include db crown, orchid heights, db woods, orchid suburbia and db ozone.