November Corp presentation - DB Realty Presentation - November 2010.pdf · DB Tower, BKC Orchid Enclave III, Bustan Orchid Splendor, Jubilee C. Orchid Central, ... 6 Orchid Crown

November 2010

0

Corporate Presentation

DB Realty – A Mumbai Real Estate Powerhouse

Vision & leadership provided by Vinod Goenka and Shahid Balwa Large land development within Mumbai suburbs (Goregaon, Andheri,

Kandivli) and City (South/Central Mumbai) totaling 14.4 msf completed inthe past

Real Estate company with a strong focus on Mumbai

City centric: High value developments in Mumbai Central, Mahalaxmi,Prabhadevi

Suburbs: High volume developments in Goregaon, Andheri, Kandivli, MiraRoad

Proven skills in redevelopment: Land generated through participation inurban renewal schemes including redevelopment of old tenanted buildingsin Mumbai

Shareholding

11

in Mumbai Established premium brand

Strong project pipeline combining strengths of city centric and suburbandevelopment: 20.5 msf of Saleable Area of ongoing projects under varying development

stages 40.4 msf of Saleable Area in forthcoming & upcoming projects

Investors at entity level include IL&FS, Trinity Capital, Bollywood Mauritius(Lehman) and Walkinson, inducted between 2007-09

Proven Real Estate Track Record of promoters, having developed in excess of500 Acres of land in & out of Mumbai

Proven track record and pan Mumbai development footprint and profitability demonstrated

Project Portfolio

Note: msf denotes mn sq. ft.

(msf)14.4

20.5

40.6

28.4

Completed OngoingForthcoming Pipeline

Differentiated Land Acquisition Ability

Urban renewal

TDR

Orchid Turf View, Mahalaxmi 1.5 msf

MIG Co-Hsg-Soc, Bandra, 1.0 msf

Old tenant rehabilitation and free salearea to be developed by DB Realty

Mahul Nagar, Mahul 8.7 msf

Orchid Hills, Powai 2.8 msf*

Orchid Apartment, Mankhurd 1.2msf*Active secondary TDR market present in

Generation of TDR through variousGovt. approved schemes

Active secondary TDR market present inMumbai

Orchid Crown, Dadar 0.9 msf JV with land owners for development of JV with land owners for development of

22

Low cost of land acquisition insulates the Company from market volatility

* Provided area is aggregate of Saleable Area and TDR on the projectThe area referred is the DB’s Economic Beneficial area

Joint Venture (JV)

Public PrivatePartnership

Orchid Ozone, Dahisar 1.6 msf

Abhyudaya Nagar, Parel, 3.5 msf

JV with land owners for development of JV with land owners for development oftheir land parcels

Low cost land acquisition route

Government Colony, Bandra, 7.9 msf

Orchid Town, Pimpri 6.7 msf

Orchid Centre, Yerwada-Pune 0.5 msf

Free Sale component received in lieu ofdevelopment on behalf of Govt. bodies

2004 – Initial View 2010 – Orchid Enclave & City Centre Mall

DB Group – Changing the Landscape of MumbaiUmar Jamal Compound, Tardeo, Mumbai Central

33

2005 – Excavation

Note: This project was completed by Promoters and Promoter Group Companies

2008 – Initial View Proposed elevation – Orchid Heights

DB Realty – Changing the Landscape of MumbaiRangwala Compound, Jacob Circle

44

2010 – Current View

Orchid Heights, Jacob Circle

Orchid Turf View, Mahalaxmi

Orchid Crown, Prabhadevi

Orchid Views, Shantinagar

Orchid Enclave II, M.Central

Orchid Skyz, Unity Comp.

DB Tower, BKC

Orchid Enclave III, Bustan

Orchid Splendor, Jubilee C.

Orchid Central, M.Central

Orchid Woods, Goregaon

Orchid Suburbia, Kandivali

Mahul Nagar, Mahul

Orchid Hills*, Chandivali

Mumbai South / CentralTotal area: 6.4 msf

DB’s Projects - Location wise

55

Orchid Hills*, Chandivali

Ascot Centre II, Andheri

Orchid Corp. Park, Sahar

Orchid Hill Park*, Goregaon

Orchid West View, Malad

Orchid Aptts*, Mankhurd

Orchid Ozone, Dahisar

Orchid Garden , Dahisar

Orchid Acre, Mira road

Orchid Centre, Yerawada

Orchid Town, Pimpri Chi.Orchid Lawn, Sangamwadi

Jan’09 Jan’10 Jan’11 Jan’12 Jan’13 Jan’14 Jan’15 Jan’16 Jan’17

Residential Commercial Mixed use TDR

South Mumbai: South of Sion / Bandra; Mumbai Suburbs: Sion / Bandra to Borivali / Mulund; Mumbai Metropolitan Region (MMR): Beyond Borivali / Mulund

Mumbai SuburbsTotal area: 24.1 msf

MMRTotal area: 21.7 msf

PuneTotal area: 8.9 msf

* These projects include a mix of Residential and TDR component

No. Project Name Type Status Saleable Area(msf)

StartDate

EndDate

1 Orchid Ozone(Dahisar – E)

Resi& Retail

UnderConstruction 1.6 Aug’09 Sep’12

2 Orchid Woods(Goregaon – E) Resi

UnderConstruction 0.9 Feb’07 Jun’11

3 Orchid Heights(Jacob Circle)

ResiUnder

Construction0.6 Nov’09 Mar’13

4 Orchid Suburbia(Kandivali – W)

Resi UnderConstruction

0.5 Jan’09 Dec’11

5 Mahul Nagar(Mahul) TDR

UnderConstruction 8.7 Mar’07 Mar’11

6 Orchid Hills(Powai)

Resi& TDR

UnderConstruction

2.8 Mar’09 Mar’13

7 Ascot Centre II(Andheri – E)

Comm UnderConstruction

0.3 Feb’07 Dec’12

Ongoing Projects

1

4

9

2

76

6

(Andheri – E) Construction8 Orchid Turf View

(Mahalaxmi)Resi Under

Construction1.5 Jan’10 Mar’14

9 Orchid Corporate Park(Andheri – E) Comm Site Clearance 1.2 Jan’10 Nov’12

10 Orchid Centre(Yerwada, Pune)

Resi& Retail

UnderConstruction

0.5 Jan’09 Jun’12

11 Orchid Crown(Dadar)

Resi UnderConstruction

0.9 Jan’10 Dec’13

12 Orchid Views(Mumbai Central) Resi

UnderConstruction 0.7 Apr’10 Mar’13

13 DB Tower(BKC)

Resi& Comm

UnderConstruction 0.3 Apr’10 Mar’13

Total 20.5

666

Note: Figures representing DB Realty’s share of Saleable Area in msf for ongoing projectsOrchid Centre (Location: Yerwada, Pune) is not shown in the Map above

Total Ongoing Projects: 20.5 msf

11

8 3

5

12

13

No. Project Units Sold Area Sold Sales Value Collection *

(Sq.Ft.) (` in Mn) (` in Mn)

1 Orchid Ozone 398 307,113 1,614 3602 Orchid Suburbia 47 49,187 471 6913 Orchid Turf View 1 5,000 200 3894 Orchid Woods 121 227,830 2,409 1,8475 Orchid Heights 101 358,896 7,073 1,1646 Orchid Crown 43 173,986 4,231 1,4087 Mahul (TDR) - 765,633 2,237 1,454

Total 1,887,645 18,235 7,313

*Collection data includes collection from prior period sales as well.

Expected launches in FY 11 :-

April 1, 2010 to September 30, 2010 – Total Sales

77

Particulars (` in Mn)

New Apartment Bookings (Sales) 36,000 - 38,000

Construction Cost (Existing Projects) 10,000 - 12,000

Cash Flow Generation (New Sales + Old Sales) 20,000 - 21,000

Cash Outflow for New Projects 30,000 - 31,000

FY 2010-11

Estimates

Expected launches in FY 11 :-

Orchid Views (1.4 msf – `15,000 psf), Orchid Turf View [C & D] (1.8 msf – ` 38,000 psf),

Orchid Center (0.9 msf – ` 7,000 psf), MIG Colony (1.0 msf – ` 20,000 psf), Orchid West View (0.7 msf – ` 10,800 psf)

Forthcoming Projects

No. Project Name Type Status SaleableArea (msf)

StartDate

EndDate

1Orchid Hill Park#(Goregaon)

Resi

& TDR

ApprovalStage

7.9 Apr’11 Mar’14

2 Orchid Garden #(Dahisar – E)

Resi ApprovalStage

2.2 Aug’11 Sept’14

3Orchid West View(Malad) Resi

ApprovalStage 0.7 Dec’10 Dec’13

4Orchid Enclave II(Mumbai Central)

ResiApproval

Stage0.6 Oct’10 Mar’13

2

13

7

8888

4(Mumbai Central)

ResiStage

0.6 Oct’10 Mar’13

5 Orchid Skyz #(Byculla)

Resi ApprovalStage

0.3 Mar’11 Dec’13

6Orchid Town(Pimpri, Pune) Resi

ApprovalStage 6.7 Apr’11 Mar’15

7 Orchid Acre #(Mira Road)

Resi ApprovalStage

17.9 Mar’11 Mar’15

8Orchid Enclave III(Mumbai Central) Resi

ApprovalStage 0.7 Mar’11 Mar’15 4 5

# Delayed

Note: Figures representing DB Realty’s share of Saleable Area in msf for forthcoming projects

Orchid Town (Location: Pimpri Chinchwad, Pune) is not shown in the Map above

8

No. Project Name Type StatusSaleable

Area (msf)StartDate

EndDate

9 Orchid Apartments(Mankhurd)

Resi

& TDRApproval

Stage1.2 Mar’11 Feb’15

10Orchid Splendor#(Byculla) Resi

ApprovalStage 0.4 Mar’11 Mar’14

11 Orchid Central #(Mumbai Central)

Resi ApprovalStage

0.3 Mar’11 Mar’14

Forthcoming Projects – Continued

9999

Total Forthcoming Projects: 40.6 msf

12Orchid Lawn(Sangamwadi, Pune)

Resi,

Comm & Retail

ApprovalStage 1.7 Mar’11 Dec’16

Total 40.6

11 910

# Delayed

Note: Figures representing DB Realty’s share of Saleable Area in msf for forthcoming projects

Orchid Lawn (Location: Sangamwadi, Pune) is not shown in the Map above

New Project (Acquisition)

1010

Post IPO

Location : Bandra (East)

Type : Residential/ Commercial

Ownership * : 100%

Status : Acquired

Plot Area : ~57 Acres

Saleable Area : ~8 mn. sq.ft.

Estimated All in Cost of BUA : ` 9,514/-

Estimated Sale Rate : ` 25,000/-

Cash Outflow FY 11 : ` 803 Cr.

EBIDTA : ` 145,240 mn

Government Colony, Bandra

11

EBIDTA : ` 145,240 mn

EBIDTA Margin : 66 %

PAT : ` 95,870 mn

PAT Margin : 43 %

11

DB Realty has received a letter of intent from Government of Maharashtra

Located in the heart of Mumbai – Bandra- Kurla Complex adjoining WesternExpress Highway

Plan to build world class enclave and to be completed over an averageperiod of 5 years

* Company contemplates to raise Private Equity of ~ ` 1,200 Cr leading to ~20% dilution

Location : Bandra (East)

Type : Residential

Ownership : 100%

Status : Acquired


Saleable Area : ~1,044,954 sq.ft.



Cash Outflow FY 11* : ` 120 Cr.

Implementation period : 48 months

Orchid Paradise (MIG Co-operative Housing Society)

12


EBIDTA : ` 11,920 mn


PAT : ` 7,870 mn

PAT Margin : 39 %

12

Acquired the redevelopment rights from L&T and Bombay Dyeing

Proximity to Bandra Kurla Complex and up market location

Plan to build high end residential complex

As on 31st October , 2010, amount of Rs.20 Crores collected from Pre-sales

* ` 120 Crores will be paid from Pre-Sales Collection

Location : Kalachowki,Parel-Sewri Division

Type : Residential

Ownership * : 60% (Profit Sharing)

Status : In Process (Probability 90%)





Cash Outflow FY 11 : -


Abhyudaya Nagar Housing Board Colony

13




PAT : ` 42,410 mn

PAT Margin : 41 %

13

Joint venture of M/s DB Realty Ltd and Shreepati Infra Realty Ltd. in the ratio of 60:40 Redevelopment proposal given to the tenants & Federation consent is obtained Consent received for 12 out of 48 buildings & for the rest to be obtained by Feb 2012 Approval for development from MHADA will be obtained by Apr 2012 Rehab work to start in Apr – Jun 2011 and expected to be completed in 3 years time Construction of Sale building to start in Apr 2013

*DB’s Economic Beneficial Interest

Location : Near Inorbit Mall, Goregaon (W)

Type : Residential









Prem Nagar, Goregaon

14




PAT : ` 32,060 mn

PAT Margin : 29 %

14

Intend to build 7 sale buildings of 64 floors each and 30 rehab buildings of 23 floors

The process of rehab is in progress in the 1st phase


Location : JVLR, Jogeshwari

Type : Residential

Ownership* : Current 33%, Profit SharingProposed 40%

Status : Acquired

Plot Area : ~16 Acres – Open Land,~42 Acres – Slum

Saleable AreaTDR

: ~7,595,422 sq.ft.~3,755,234 sq.ft.



Mahal Pictures

15

Estimated Sale Rate~TDR Sale Rate

: ` 11,000/-` 2,200/-





PAT : ` 31,680 mn

PAT Margin : 35 %

15

Area of studio admeasuring 694,278 sq. ft. is already in ourpossession and documentation for the remaining area is inprocess


Location : Mumbai Central

Type : Residential








Mumbai Central - URD

Before Redevelopment

16




PAT : ` 44,600 mn

PAT Margin : 35 %

Urban Redevelopment Project

16

After Redevelopment


Consolidated Financials

1717

(` in Mn)

Profit and Loss A/c

Particulars Q2-FY11 Q2-FY10%

change H1-FY11 H1-FY10%

change FY10

Income

Sales & Income from Operations 3,388 2,760 22.8 6,036 3,944 53.0 9,512

Other Income 168 37 354.1 322 48 570.8 291

Total Income 3,556 2,797 27.1 6,358 3,992 59.3 9,803

Expenditure

Project Expenses 1,782 1,566 13.8 3,388 2,354 43.9 5,470

Administrative Expenses 206 98 110.2 337 122 176.2 387

1818

EBIDTA 1,568 1,133 38.4 2,633 1,516 73.7 3,946

Depreciation 17 24 (30.0) 33 46 (28.3) 95

Interest 127 609 (79.2) 289 700 (58.7) 726

Profit Before Tax 1,424 500 184.8 2,311 770 200.1 3,125

Tax 178 118 50.8 352 129 172.9 413

Profit After Tax 1,246 382 226.2 1,959 641 205.6 2,712

Prior Period Items - - 14 - -

Minority Interest 45 54 (16.7) 126 61 106.6 192

Net Profit 1,201 328 266.2 1,819 580 213.6 2,520

Revenue Breakup

Project Q2-FY11 Q2-FY10 H1-FY11 H1-FY10 FY10

Orchid Ozone 441 1,322 926 1,323 2,587

Orchid Woods 1,346 450 2,175 651 1,641

Mahul (TDR) 1,495 988 2,237 1,970 5,284

(` in Mn)

1919

Mahul (TDR) 1,495 988 2,237 1,970 5,284

Orchid Suburbia 106 - 698 - -

Orchid Crown - - - - -

Total 3,388 2,760 6,036 3,944 9,512

Project Expenses

Project Q2-FY11 Q2-FY10 H1-FY11 H1-FY10 FY10

Orchid Ozone 334 911 568 911 1,815

Orchid Woods 855 177 1,377 563 1,040

(` in Mn)

2020

Mahul (TDR) 494 478 776 880 2,615

Orchid Suburbia 99 - 667 - -

Total 1,782 1,566 3,388 2,354 5,470

Balance Sheet

Particulars H1-FY11 H1-FY10 FY10

Sources of Funds

Shareholders Funds

Share Capital 2,433 2,112 2,433

Reserves & Surplus 29,660 25,865 28,054

Loan Funds

Secured Loans 6,003 5,361 4,559

Unsecured Loans 1,032 2,152 1,390

(` in Mn)

2121

Unsecured Loans 1,032 2,152 1,390

Total 39,128 35,490 36,436

Application of Funds

Fixed Assets 260 195 219

Investments 5,217 254 8,941

Net Current Assets 33,651 35,041 27,276

Total 39,128 35,490 36,436

Cash Flow

Particulars H1-FY11 H1-FY10 FY10

Inflow

Sales 7,313 4,321 9,340

IPO (net of expenses) - - 14,694

Loan availed 1,086 152 -

Total 8,399 4,473 24,034

Outflow

(` in Mn)

2222

Project Expenses 4,223 3,267 7,769

Loan Repayment - - 649

Investments (3,724) 251 8,941

Loans & Advances 4,207 580 6,073

Other Assets(Including Cash & Bank Balance) 3,693 375 602

Total 8,399 4,473 24,034

Key Ratios

H1-FY11 H1-FY10 FY10

EPS (Rs.) 7.48 2.75 11.76

Book Value (Rs.) 132 132 125

2323

Profit before Tax Margin (%) 38% 20% 33 %

Net Profit Margin (%) 30% 15% 26 %

Debt / Equity (times) 0.21 0.27 0.21

Ongoing Initiatives - Building An Organisation

2424

Rebuilding and recreating the brand – “ DB ”

Innovative visibility campaign – 50% of the air-conditioned buses in Mumbai carries DB branding

DB banners at prime locations

Beautification contract for Bandra Worli Sea Link – Huge visibility and CSR

Project-wise print advertisement in leading newspapers & magazines

– tremendous response culminating to sales

Sales & Marketing

2525

– tremendous response culminating to sales

Brand building through Web marketing – advertising on property related website

Participation in India as well as outside India in fairs & exhibitions

Complete overhaul of Sales and Marketing team focusing on CRM

Approvals for Housing Finance to customers from all banks for all DB projects

Corporate relationship leveraged – huge institutional and retail sales

Public Relations tool used as a medium to leverage brand DB

Key executives hired and organization structure in place

Deloitte engaged for SOP Development across functional areas

Standardized documentation of HR Practices and Processes

In-house development of talent and career management

Performance linked appraisals and compensation

H R Initiatives

2626

Training needs being identified and implemented

Proposed ESOPs implementation – Driving a sense of ownership

DB Employee Portal Intranet by October 2010

Annual budgeting and MIS in place - Strict Cash Flow monitoring

SAP implementation in process – All modules expected to be implemented

Deloitte engaged for drawing Risk Management and Documentation process

Variations in project expenses exceeding 10% - Board approval a prerequisite

Investment Committee to review the viability of any new project prior to being finalized by MD

Processes

2727

Investment Committee to review the viability of any new project prior to being finalized by MD

THANK YOU

2828

THANK YOU

Annexure I

Project Portfolio

2929

SrNo

Project Name TotalUnits

UnitsSold

%Sold

AreaSold

(Sq.ft.)

SalesValue

(` mn)

AmountCollected(̀ mn)

%Collected

ProjectCost

(` mn)

Cost incurred as on30-09-2010

(` mn)

1 Orchid Ozone 3,592 3,206 89 % 2,346,426 8,734 1,717 20 % 6,852 2,686

2 Orchid Woods 630 453 72 % 851,735 7,500 4,790 64 % 6,435 5,865

3 Orchid Heights 336 168 50 % 601,273 11,122 1,636 15 % 10,031 3,062

4 Orchid Suburbia 678 508 75 % 536,472 3,615 1,343 37 % 4,986 3,320

5 Orchid Turf View 60(A&B)240(C&D)

29

-

48 % 210,000 5,095 1,452 28 % 10,760 878

6 Orchid Crown 458 177 39 % 642,490 14,821 2,957 20 % 10,615 1,074

Ongoing Projects-Sales Data

3030

6 Orchid Crown 458 177 39 % 642,490 14,821 2,957 20 % 10,615 1,074

7 Mahul Nagar - - 63 % 5,518,057 11,784 9,504 81 % 8,539 7,931

8 Orchid Hills - - 15 % 1,005,142 1,535 1,500 98 % 8,780 561

9 Ascot Centre II - - - - - - - 1,551 140

10 Orchid Center - - - - - - - 1,349 41

11 OrchidCorporate Park

- - - - - - - 4,725 1,100

12 Orchid Views - - - - - - - 4,761 571

13 DB Tower - - - - - - - 5,823 3,791

SrNo

Project Name Total Saleable Area(Sq. Ft.)

DB’s Saleable Area(Sq. Ft.)*

Commencement-Completion Date

Ownership(%)*

1 Orchid Ozone 2,604,368(DB JDA Share–2,448,369)

1,615,924 Aug - Sep2009 2012

66%

2 Orchid Woods 1,174,000 880,500 Feb - Jun2007 2011

75%

3 Orchid Heights 1,227,039 622,354 Nov - Mar2009 2013

51%

4 Orchid Suburbia 982,348 491,174 Jan - Dec2009 2011

50%

5 Mahul 8,789,457 TDR- 8,701,562 Mar - Mar2007 2011

99%

6 Orchid Hills 6,706,8321,562,025

TDR- 2,235,387Resi-520,623

Mar - Mar2009 2013

33%

7 Ascot Centre II 456,400 342,300 Feb - Dec 75%

Ongoing Projects

3131

7 Ascot Centre II 456,400 342,300 Feb - Dec2007 2012

75%

8 Orchid Turf View 2,225,416 1,483,685 Jan - Mar2010 2014

67%

9 Orchid CorporatePark

1,249,062 1,249,062 Jan - Nov2010 2012

100%

10 Orchid Centre 856,385(DB JDA Share–471,012)

471,012 Jan - Jun2009 2012

100%

11 Orchid Crown 1,795,304 897,652 Jan - Dec2010 2013

50%

12 Orchid Views 1,371,854 685,927 Apr - Mar2010 2013

50 %

13 DB Tower 895,377 303,891 Apr - Mar2010 2013

34 %


SrNo

Project Name Total SaleableArea

(Sq. Ft.)

DB’s SaleableArea

(Sq. Ft.)*

ProjectCost

(` mn)

Cost incurredas on 30-09-2010

(` mn)

Commencement-Completion Date

Ownership(%)*

1 OrchidHill Park#

2,090,8166,206,380

Resi- 1,672,653TDR- 6,206,380

6,827 26 Apr - March2011 2014

80%100%

2 OrchidGarden#

2,189,193 2,189,193 4,609 152 Aug - Sep2011 2014

100%

3 OrchidWest View

659,087 659,087 2,602 165 Dec - Dec2010 2013

100%

4 OrchidEnclave II

639,912 639,912 2,675 343 Oct - Mar2010 2013

100%

5 OrchidSkyz#

604,178 302,089 2,440 15 Mar - Dec2011 2013

50%

Forthcoming Projects

3232

Skyz# 2011 2013

6 OrchidTown#

10,658,901 6,715,108 21,371 568 Apr - Mar2011 2015

63%

7 OrchidAcre#

17,925,351 17,925,351 29,096 1,135 Mar - Mar2011 2015

100%

8 OrchidEnclave III#

691,815 691,815 2,720 200 Mar - Mar2011 2015

100%

* DB’s Economic Beneficial Interest

# Delayed

SrNo

Project Name Total SaleableArea

(Sq. Ft.)

DB’s SaleableArea

(Sq. Ft.)*

ProjectCost

(` mn)

Cost incurredas on 30-09-2010

(` mn)

Commencement -Completion Date

Ownership(%)*

9 OrchidApartment

1,465,432862,526

TDR- 732,716Resi- 431,263

4,466 629 Mar - Feb2011 2015

50%

10 OrchidSplendor#

424,364 424,364 1,697 456 Mar - Mar2011 2014

100%

11 OrchidCentral#

338,981 338,981 1,205 155 Mar - Mar2011 2014

100%

12 OrchidLawn

5,347,446 1,693,001 9,510 446 Mar - Dec2011 2016

32%

Forthcoming Projects -Continued

3333

* DB’s Economic Beneficial Interest

# Delayed

Annexure II

Project Status

3434

Description

Approximately 40 % of the construction cost incurred

Work completed upto podium level for 15 buildings

Work completed upto ground floor for 25 buildings

Typical floor work in progress for 5th building

Architect : Hafiz Contractor

Contractor : Man Infraconstruction Ltd

Sales Details

Orchid Ozone (Dahisar)

Period Units Area Sold Sold ValueSold Sq.ft. (s` in mn)

Q2-FY11 191 142,766 801

Q2-FY10 429 320,418 1,232

3535

Description

Approximately 64% of the construction cost incurred

RCC work, plumbing and waterproofing for Tower Aon schedule

RCC work for Tower B & C completed, Finishingwork in progress.

LMR work in progress for tower B & C



Orchid Woods (Goregaon)

Sales Details

Period Units Area Sold Sold ValueSold Sq.ft. ( ` in mn)

Q2-FY11 74 140,985 1,473

Q2-FY10 10 19,795 169

3636

Description

Tenement shifting is in progress of Tower B portion

30 % work for foundation and 60% work for retainingwall completed for Tower A

Sales office & Sample flat - finishing work 30 %completed

Architect : Qutub Mandviwala


Orchid Heights (Jacob Circle)

Sales Details

Period Units Area Sold Sold ValueSold Sq.ft. (` in mn)

Q2-FY11 62 217,575 4,247

Q2-FY10 - - -

3737

Description

Approximately 38% of the construction cost incurred

Work completed upto 2nd Podium for tower A & B

13th Residential floors completed for tower C

Work completed upto 16th residential floor fortower D & E

4th floor work in progress for tower F

Architect : Neo Modern Architects

Contractor : JP Developers

Orchid Suburbia (Kandivali)

Sales Details

Period Units Area Sold Sold Value

Sold Sq.ft. (` in mn)

Q2-FY11 13 13,919 137

Q2-FY10 38 37,943 283

3838

Contractor : JP Developers

Description

Piling work 89% completed.

Tower A- Excavation work 40 % completed

Tower B- Excavation & PCC completed, Foundationwork 50% completed

Tower C-Excavation & PCC work 80% completed.


Contractor : L&T

Orchid Crown (Prabhadevi)

Sales Details


Q2-FY11 25 98,550 2,429

Q2-FY10 - - -

3939

Description

IOD for residential sale building received

MOEF approval obtained

Turf View Tower piling is in progress

Sample Flat foundation work is in progress

Shore piling work at DB Tower is 95% completed


Contractor : L&T

Orchid Turf View (Mahalakshmi)

Sales Details


Q2-FY11 - - -

Q2-FY10 5 50,000 1,630

4040

TDR Generating ProjectDescription

RCC work for 60 buildings completed

Flooring work completed for 60 buildings

Compound wall in progress

Construction of DP road commenced

20 buildings handed over to government

Architect: Shah & Dumasia


SRA Mahul (Chembur)

Period TDR Sold Sold ValueSq.ft. (` in mn)

Q2-FY11 510,311 1,495

Q2-FY10 807,300 988

4141

Documents

November Corp presentation - DB Realty Presentation - November 2010.pdf · DB Tower, BKC Orchid Enclave III, Bustan Orchid Splendor, Jubilee C. Orchid Central, ... 6 Orchid Crown