DB Realty

DB Realty
DB Realty Limited
Type Public
Traded as BSE: 533160
NSE: DBREALTY
Industry Real estate
Founded 2007
Founder(s) Vinod Goenka
Shahid Balwa
Headquarters Mumbai, Maharashtra, India
Key people Vinod Goenka, Managing Director
Products Real Estate Developer
Residential Complex
Commercial Spaces
Shopping Malls
Website official website

DB Realty (Dynamix Balwas 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.)[1] 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.[2][3][4] Notable projects include India Tower, Orchid Crown and Orchid Heights.

Contents

Location

The company is registered and located in Mumbai, India.

History

The company’s joint promoters are Vinod Goenka (Dynamix Group) and Shahid Balwa (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.

IPO

DB Realty launched their IPO in 2010 with issue price of Rs.468 which subscribed [5] thrice on the day of launch and raised Rs 1500 crore.[6]

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.[7] • Revenue - Rs. 13,272 [8] • EBITDA - Rs 4,130 million [9] • EPS - Rs 12.28 [10] • Net Profit - Rs 2,987 million

Business highlights FY11

• 3,700,000 square feet (340,000 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 [11]

Corporate social responsibility

DB Realty has developed a program called, Vision Mumbai [12] 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-acre (148,000 m2) property in Mahul to the Government of Maharashtra to provide shelter for those in need of homes.[13] As part of community engagement program DB Realty is currently developing a landscaped promenade along the Bandra side of the Bandra-Worli sea link.[14] DB Realty supports NGOs through philanthropic initiatives, including most recently, benefit presentations of the Pulitzer Prize winning play, Dinner with Friends.[15]

2G spectrum scam

Contrary to popular belief there is no connection between DB Realty and Etisalat-DB/ Swan Telecom.[16][17] The promoters of DB Realty Shahid Balwa 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. [18]

Reference

  1. ^ Global-i Communications. "DB Realty to Build India's Biggest Mall". Indiaprwire.com. http://www.indiaprwire.com/pressrelease/real-estate/200804299127.htm. Retrieved 2011-02-02. 
  2. ^ "DB Realty allots Rs 1,000 cr for acquisition of projects | DNA : Daily News & Analysis; Mumbai | Find Articles at BNET". Findarticles.com. 2010-08-13. http://findarticles.com/p/news-articles/dna-daily-news-analysis-mumbai/mi_8111/is_20100813/db-realty-allots-rs-1000/ai_n54816956/. Retrieved 2011-02-02. 
  3. ^ "Showing Unity In Diversity". Businessworld.in. 2010-07-17. http://www.businessworld.in/bw/2010_07_17_Showing_Unity_In_Diversity.html. Retrieved 2011-02-02. 
  4. ^ Posted: Saturday, Nov 22, 2008 at 0014 hrs IST (2008-11-22). "Real estate cos offer discounts to prop up sales volume". Financialexpress.com. http://www.financialexpress.com/news/real-estate-cos-offer-discounts-to-prop-up-sales-volume/389033/0. Retrieved 2011-02-02. 
  5. ^ "India DB Realty $325 mln IPO subscribed 3 times". Reuters. 2010-02-02. http://in.reuters.com/article/2010/02/02/dbrealty-ipo-idINSGE6110HT20100202. 
  6. ^ . http://content.magicbricks.com/db-realty-325-mn-ipo-subscribed-3-times. 
  7. ^ "DB Realty FY11 net up 19%". http://www.business-standard.com/india/news/db-realty-fy11-net19/137797/on. 
  8. ^ "DB Realty FY11 net profit up 19% at Rs 299 cr". http://www.moneycontrol.com/news/results/db-realty-fy11-net-profit19-at-rs-299-cr_555659.html. 
  9. ^ "TABLE-DB Realty FY11 net up 19 pct". Reuters. 2011-06-08. http://in.reuters.com/article/2011/06/08/db-results-idINMBI00113520110608. 
  10. ^ "DB Realty FY11 net up 19%". http://m.mydigitalfc.com/companies/db-realty-fy11-net-19-251. 
  11. ^ "DB Realty FY11 net up 19%". http://www.mydigitalfc.com/companies/db-realty-fy11-net-19-251. 
  12. ^ "Vision Mumbai by DB Realty". http://dbrealty-visionmumbai.blogspot.com/. 
  13. ^ "DB Realty- Mahul Project". http://www.dbrealty.co.in/pdfs/Corporate%20Presentation%20-%20November%202010.pdf. 
  14. ^ "DB Realty- Bandra Worli sea link promenade". http://www.dnaindia.com/mumbai/report_bandra-worli-sea-link-promenade-may-be-ready-by-march-2011_1487021. 
  15. ^ "Vision Mumbai by DB Realty". http://dbrealty-visionmumbai.blogspot.com/. 
  16. ^ "See No Impact on Projects Due to 2G scam". http://www.moneycontrol.com/news/business/see-no-impactprojects-due-to-2g-scam-db-realty_537294.html. 
  17. ^ "No connection with 2G scam". The Times Of India. http://articles.economictimes.indiatimes.com/2011-04-20/news/29451231_1_shahid-balwa-vinod-goenka-swan-telecom. 
  18. ^ "DB Group". DB Group. http://www.dbg.co.in/sectors/default.asp. 

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