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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

141.70 1.40 (1.00%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 965.60
Dilip Buildcon 478.50
DLF 608.40
Oberoi Realty 1703.85
Ahluwalia Contract(I 847.50
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