DB Realty, Godrej Properties to join hands for Mumbai-based project: Report

22 Jul 2014

Real estate majors DB Realty and Godrej Properties will reportedly be joining hands to form a joint venture for a Mumbai-based project. The project is said to be in the Bandra East area of Mumbai and DB Realty will be holding a majority stake while Godrej will have a 45 percent stake in the entity, for which it will pay Rs 300 crore.

The total saleable area of the project is 12 lakh square feet and Godrej will re-develop the project and sell it for Rs 33,000 per square feet.

DB Realty is a real estate development company that focuses on residential, commercial, retail and other projects, such as mass housing and cluster redevelopment, in and around Mumbai.

 

Related DB Realty Ltd. Links:

DB Realty Share Price

73.60 -3.85 (-4.97%) Jan 21, 18:01
1 Year Price Chart
Peers
Company Name CMP
Dilip Buildcon 359.35
NBCC (India) 47.90
Prestige EstatesProj 504.70
DLF 394.60
JMC Projects (India) 103.15
View more..
Sensex vs DB Realty