DB Realty
Encyclopedia
DB Realty is one of India's largest real estate developer based in Mumbai
, and is the flagship company of DB Group(DB Group interest lie in hospitality, realty & telecom.) DB Realty Limited builds residential, commercial and gated community developments. The company’s expanding portfolio consists of 25 projects mostly focusing in and around Mumbai, under various stages of planning and construction.
DB Realty's other projects include mass housing and cluster redevelopment projects. It ranked as India's 3rd largest realtor. Notable projects include India Tower
, Orchid Crown
and Orchid Heights
.
(Balwa Group), whose families have been in the real estate business for more than 25 years and 95 years, respectively. Both, Vinod Goenka and Shahid Balwa
entered into a project specific partnership in 1997 and set up DB Realty in 2007 to formally develop all their future projects together. The promoters and promoter group companies have collectively developed nearly 15.9 m sq ft. Some of the key projects developed by the promoters include Gokuldham and Yashodham, Orchid City Centre Mall, Ascot Centre, and Vasant Vihar.
• Usman Balwa,
• Vinod Goenka
• Mahesh Gandhi
• Jagat Killawala
• Janak Desai
• N M Rafique
• Revenue - Rs. 13,272
• EBITDA - Rs 4,130 million
• EPS - Rs 12.28
• Net Profit - Rs 2,987 million
• Rs 30,654 million sales value has been achieved (including TDR).
• Rs 17,265 million collection realized.
• Debt equity ratio reduced to 0.14 and debt stands at Rs 4,656 million
In just a few months DB Realty will handover 17,205 Houses, 173 Balwadis, 2 Welfare Centres, and 172 Society Offices on a 36.5 acres (147,710.4 m²) property in Mahul to the Government of Maharashtra to provide shelter for those in need of homes.
As part of community engagement program DB Realty is currently developing a landscaped promenade along the Bandra side of the Bandra-Worli sea link.
DB Realty supports NGOs through philanthropic initiatives, including most recently, benefit presentations of the Pulitzer Prize winning play, Dinner with Friends
.
and Vinod Goenka have in their individual capacity invested in Swan Telecom, now Etisalat DB Telecom, a company engaged in the Telecom Business. Both the promoters of the company (with twelve others)have been arrested in the 2G spectrum scam
investigation.
Mumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
, and is the flagship company of DB Group(DB Group interest lie in hospitality, realty & telecom.) DB Realty Limited builds residential, commercial and gated community developments. The company’s expanding portfolio consists of 25 projects mostly focusing in and around Mumbai, under various stages of planning and construction.
DB Realty's other projects include mass housing and cluster redevelopment projects. It ranked as India's 3rd largest realtor. Notable projects include India Tower
India Tower
India Tower is a 126-storey, tall skyscraper that was under construction in the city of Mumbai, India. Construction was halted in 2011....
, Orchid Crown
Orchid Crown
Orchid Crown is a skyscraper located in Prabhadevi, Mumbai. It is under construction and is scheduled to be completed in 2013.. It will have three towers.-External Links:*...
and Orchid Heights
Orchid Heights
Orchid Heights is located at Jacob Circle, Mumbai. It is one of the super tall buildings in Mumbai. Its construction has already started and should be completed in 2013.-References:...
.
History
The company’s joint promoters are Vinod Goenka (Dynamix Group) and Shahid BalwaShahid Balwa
Shahid Usman Balwa is an entrepreneur based in Mumbai, Maharashtra, India. He is one of the Promoters of Mumbai-based DB Group which runs DB Realty India's 3rd largest realtor, DB Hospitality and Swan Telecom .-Early life:...
(Balwa Group), whose families have been in the real estate business for more than 25 years and 95 years, respectively. Both, Vinod Goenka and Shahid Balwa
Shahid Balwa
Shahid Usman Balwa is an entrepreneur based in Mumbai, Maharashtra, India. He is one of the Promoters of Mumbai-based DB Group which runs DB Realty India's 3rd largest realtor, DB Hospitality and Swan Telecom .-Early life:...
entered into a project specific partnership in 1997 and set up DB Realty in 2007 to formally develop all their future projects together. The promoters and promoter group companies have collectively developed nearly 15.9 m sq ft. Some of the key projects developed by the promoters include Gokuldham and Yashodham, Orchid City Centre Mall, Ascot Centre, and Vasant Vihar.
IPO
DB Realty launched their IPO in 2010 with issue price of Rs.468 which subscribed thrice on the day of launch and raised Rs 1500 crore.Board directors
• K M Goenka,• Usman Balwa,
• Vinod Goenka
• Mahesh Gandhi
• Jagat Killawala
• Janak Desai
• N M Rafique
Financials FY 2010-11
• Book Value per share – Rs 136.• Revenue - Rs. 13,272
• EBITDA - Rs 4,130 million
• EPS - Rs 12.28
• Net Profit - Rs 2,987 million
Business highlights FY11
• 3700000 square feet (343,741.2 m²) has been sold (including TDR).• Rs 30,654 million sales value has been achieved (including TDR).
• Rs 17,265 million collection realized.
• Debt equity ratio reduced to 0.14 and debt stands at Rs 4,656 million
Corporate social responsibility
DB Realty has developed a program called, Vision Mumbai to tackle Mumbai’s urbanization challenges from different perspectives. Vision Mumbai is a 3-point sustainability strategy centered to build intelligently, respectfully and sustainably through: urban renewal, community engagement, and philanthropy.In just a few months DB Realty will handover 17,205 Houses, 173 Balwadis, 2 Welfare Centres, and 172 Society Offices on a 36.5 acres (147,710.4 m²) property in Mahul to the Government of Maharashtra to provide shelter for those in need of homes.
As part of community engagement program DB Realty is currently developing a landscaped promenade along the Bandra side of the Bandra-Worli sea link.
DB Realty supports NGOs through philanthropic initiatives, including most recently, benefit presentations of the Pulitzer Prize winning play, Dinner with Friends
Dinner with Friends
Dinner with Friends is a 2000 play written by Donald Margulies. It premiered at the 1998 Humana Festival of New American Plays and opened Off-Broadway in New York on November 4, 1999.-Plot summary:...
.
2G spectrum scam
Contrary to popular belief there is no connection between DB Realty and Etisalat-DB/ Swan Telecom. The promoters of DB Realty Shahid BalwaShahid Balwa
Shahid Usman Balwa is an entrepreneur based in Mumbai, Maharashtra, India. He is one of the Promoters of Mumbai-based DB Group which runs DB Realty India's 3rd largest realtor, DB Hospitality and Swan Telecom .-Early life:...
and Vinod Goenka have in their individual capacity invested in Swan Telecom, now Etisalat DB Telecom, a company engaged in the Telecom Business. Both the promoters of the company (with twelve others)have been arrested in the 2G spectrum scam
2G spectrum scam
The 2G spectrum scandal involved officials in the government of India illegally undercharging mobile telephony companies for frequency allocation licenses, which they would use to create 2G subscriptions for cell phones...
investigation.