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DB Realty

BSE: 533160|NSE: DBREALTY|ISIN: INE879I01012|SECTOR: Construction & Contracting - Real Estate
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Chairman's Speech (DB Realty) Year : Mar '18

Dear Shareholders,

It gives us a great pleasure to share with you the latest developments of DB Realty. The year 2017-2018 has seen a number of salient developments.

In the month of March this year, Real Gem Buildtech Pvt. Ltd. (wholly owned subsidiary of D B Realty Ltd.) arrived at an arrangement with and entered into a Development Management Agreement with Kingmaker Developers Private Limited, a Group of Rustomjee (a Subsidiary of Keystone Realtors Pvt. Ltd.] for the Development Management of Real Estate Project at DB Crown, Prabhadevi, Mumbai.

One Mahalaxmi, a project in partnership with Radius Group, has progressed well with the slab casting and reinforcement work in progress.

We are set to embark on a new journey in the coming year and are determined to leave no stone unturned to ensure that our projects redefine and enhance urban living in Mumbai. With construction underway on many projects, we expect to see strong momentum in sales over the next year and above all create shareholder value.

Sd/- Sd/-

VINODGOENKA SHAHIDBALWA

CHAIRMAN & MANAGING

DIRECTOR VICE CHAIRMAN

& MANAGING DIRECTOR

Source : Dion Global Solutions Limited
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