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  Development Project 11 – DB REALTY
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DBR is a holding company for the purpose of undertaking various development projects either directly through development rights or through Joint Ventures/Special Purpose Vehicles in Mumbai, India.
Upon completion, the projects will result in the development of 21.7 MM sq. ft. of residential and commercial space and will significantly redefine the landscape of central and suburban Mumbai where an acute shortage of quality real estate space has witnessed rental and property prices soar in the recent year.
Lehman Brothers also subscribed to a 5.9% stake in this investment.
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| Highlights |
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- Construction has begun on five of the twelve projects
- The Board of the Company has approved additional six projects, taking the aggregate number of projects in the portfolio to 18
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| View Project Details |
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| £60.5million * |
| 24.4 M sq. ft. |
5.92% owned** |
| Asset Class |
Residential Commercial
Retail Hospitality |
| Project Name |
Dynamix Balwas Realty |
| Partner |
Dynamix Balwas Group |
| Location |
Mumbai and Pune |
Type
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Residential and Commercial Projects |
| Saleable Area |
24.4 m sq. ft. |
| Capital Invested |
£26.4 M |
| *NAV as of 31 March 2008 |
£60.5 M |
| IRR at Date |
179 % |
| Multiple at Date |
2.29 |
** The Mauritian SPV owns 5.92% of DP-11 at the Entity Level.
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