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
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
Plot Area : ~5 Acres
Saleable Area : ~1,044,954 sq.ft.
Estimated All in Cost of BUA : ` 7,990/-
Estimated Sale Rate : ` 19,400/-
Cash Outflow FY 11* : ` 120 Cr.
Implementation period : 48 months
Orchid Paradise (MIG Co-operative Housing Society)
12
Implementation period : 48 months
EBIDTA : ` 11,920 mn
EBIDTA Margin : 59 %
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%)
Plot Area : ~33 Acres
Saleable Area : ~5,763,391 sq.ft.
Estimated All in Cost of BUA : ` 6,853/-
Estimated Sale Rate : ` 18,000/-
Cash Outflow FY 11 : -
Implementation period : 60 months
Abhyudaya Nagar Housing Board Colony
13
Implementation period : 60 months
EBIDTA : ` 64,250 mn
EBIDTA Margin : 62 %
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
Ownership * : 51% (Profit Sharing)
Status : In Process (Probability 100%)
Plot Area : ~65 Acres
Saleable Area : ~9,268,489 sq.ft.
Estimated All in Cost of BUA : ` 6,760/-
Estimated Sale Rate : ` 12,000/-
Cash Outflow FY 11 : ` 200 Cr.
Implementation period : 60 months
Prem Nagar, Goregaon
14
Implementation period : 60 months
EBIDTA : ` 48,560 mn
EBIDTA Margin : 44 %
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
*DB’s Economic Beneficial Interest
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.
Estimated All in Cost of BUA : ` 5,769/-
Estimated Sale Rate : ` 11,000/-
Mahal Pictures
15
Estimated Sale Rate~TDR Sale Rate
: ` 11,000/-` 2,200/-
Cash Outflow FY 11 : ` 170 Cr.
Implementation period : 60 months
EBIDTA : ` 48,000 mn
EBIDTA Margin : 52 %
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
*DB’s Economic Beneficial Interest
Location : Mumbai Central
Type : Residential
Ownership * : 85% (Profit Sharing)
Status : In Process (Probability 50%)
Plot Area : ~59 Acres
Saleable Area : ~8,016,864 sq.ft.
Estimated All in Cost of BUA : ` 7,572/-
Estimated Sale Rate : ` 16,000/-
Cash Outflow FY 11 : ` 900 Cr.
Mumbai Central - URD
Before Redevelopment
16
Implementation period : 96 months
EBIDTA : ` 67,570 mn
EBIDTA Margin : 53 %
PAT : ` 44,600 mn
PAT Margin : 35 %
Urban Redevelopment Project
16
After Redevelopment
*DB’s Economic Beneficial Interest
(` 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
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
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 %
*DB’s Economic Beneficial Interest
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
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
Architect : Hafiz Contractor
Contractor : Man Infraconstruction Ltd
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
Contractor : Man Infraconstruction Ltd
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.
Architect : Hafiz Contractor
Contractor : L&T
Orchid Crown (Prabhadevi)
Sales Details
Period Units Area Sold Sold ValueSold Sq.ft. (` in mn)
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
Architect : Hafiz Contractor
Contractor : L&T
Orchid Turf View (Mahalakshmi)
Sales Details
Period Units Area Sold Sold ValueSold Sq.ft. (` in mn)
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
Contractor : Man Infraconstruction Ltd
SRA Mahul (Chembur)
Period TDR Sold Sold ValueSq.ft. (` in mn)
Q2-FY11 510,311 1,495
Q2-FY10 807,300 988
4141