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.
