It gives me great pleasure to share with you the latest accomplishments of DB Realty.The year 2015-2016 has seen a number of salient developments.
Construction on DB Crown is progressing at an impressive pace as the slabs of eachbuilding have recently achieved an 8 to 9 day cycle allowing for much faster constructionthan has been achieved before in this project. Towers A and B of DB Crown have also beenbranded with "DB Crown" and "DB Realty" signs making the towersclearly visible from both the Bandra Worli Sea Link and the Elphinstone Flyover. Pleasedo keep an eye out for them the next time you are in the vicinity.
This past year has also seen the launch and speedy progress of Ten BKC a DB Realtyproject in partnership with Radius Developers. Following the pre-launch in October theproject saw an impressive number of sales. Work on the Ten BKC Sales Gallery and SampleFlat has been completed and is ready to welcome prospective customers. Work on site hasalso progressed well with the piling basement excavation and foundation work havingbeen completed.
At your suburban projects like DB Skypark in Andheri East construction is speedilyprogressing. Additionally your company has received development permission on a 20 acreplot in Malad East. This will release an approximate 30 lakh sq.ft of saleable area forthe company.
DB Realty has also commenced work on a JV with Man Infra Construction Ltd. for its 14.5acre site at Mira Road. This project is expected to be launched by Diwali this year andhas a total saleable area of approximately 2.75 million sq.ft.
Over the past year your company has joined hands with some of the finest names in thebusiness and we look forward to bringing you a number of new developments in the comingyear.