DB Realty, ECC and Konark are ready to develop residential project in Mumbai

Q: Mumbai-based real estate firm DB Realty is ready to joined hands with ECC and Konark to develop a residential project in Andheri in suburban Mumbai.

Praveen Modi, Mumbai

1st July 2015

Real estate News in Mumbai

db realty

ecc

konark

db skypark in andheri

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Replies (2)

As per the latest news, DB Realty will have a 75% share in the project. In FY15, the company's consolidated profit after tax declined to Rs 56.8 lakh against Rs 11.5 crore and revenue dropped 17.2% to Rs 263 crore from Rs 318.2 crore during the same period.

Dayananda, Mumbai

1st July 2015

Comment

Hi Daya,
It is heard that the company has got the Commencement Certificate for this project on 16th June'2015? Is it true Daya?

Ravindra Singh,

1st July 2015

Hi Praveen,
Where is the project "DB Skypark" exactly going to develop? Can you give the details of this project?

Ramesk Polekar, Mumbai

1st July 2015

Comment

Hi ramesk,
DB Skypark' is strategically locatednear Terminal 2 of international airport in Andheri. The JV will develop 7 towers of 12 storey each with a total built up area of 4.7 lakh sq-ft. The project has achieved financial closure and the work has commenced for the first phase. The entire project is expected to be completed in 3 years.

Abhishek,

1st July 2015

Thansks Abhishek,
What will be the percent of share DB realty have in this JV project? What is the company's FY'15 profit?

Ramesk Polekar, Mumbai

1st July 2015