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D B Realty’s arm enters into joint venture with Godrej Properties

26 Dec 2022 Evaluate

D B Realty’s wholly owned subsidiary -- Neelkamal Realtors Tower (NRTPL) has entered into a joint venture with Godrej Properties (GPL) for development of land/ property being all the piece and parcel of land admeasuring 19,434 sq. mtrs. or thereabouts bearing Cadastral Survey No. 1906 of Byculla Division, E-Ward, Mumbai. In this context, NRTPL has executed Deed of Conveyance in favour of Godrej Residency (GRPL) on December 23, 2022 for sale of NRTPL’s Land for a consideration as agreed therein. The project will be developed by GRPL, wherein NRTPL will hold 49.99% and the balance 50.01% will be held by Godrej Properties.

D B 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.

Valor Estate Share Price

107.35 -2.88 (-2.61%)
16-Apr-2026 10:49 View Price Chart
Peers
Company Name CMP
Lodha Developers 861.30
Dilip Buildcon 456.05
DLF 586.90
Oberoi Realty 1707.65
Ahluwalia Contract(I 833.95
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