DBS Realty, a partnership firm of D B Realty, has received a Letter of Acceptance (LoA) from Municipal Corporation of Greater Mumbai (MCGM) against online e-offer /online e-tender submitted by the Firm. The Project entails construction, completion and handing over of 4000 tenements of carpet area size 27.88 mts along with transfer of land and completed tenements to MCGM to be constructed on land bearing of village Chandivali in Zone-V.
The Firm shall receive Land TDR and Construction TDR of 1.56 million sq feet and premium per tenement of Rs 39.60 lakh aggregating to Rs 1584 crore which shall be paid by the MCGM in the form of Credit Note subject to certain terms & conditions as prescribed in LOA. D B Realty is a 1/3rd partner of DBS Realty.
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.
