04 November 2010

DB Realty: Diwali Mahurat Pick by Anand Rathi

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DB Realty
Biggest and most-valuable residential real estate stock in Mumbai owns saleable
residential space of 33.4m sq ft
Around 50% of total space is in South-Central Mumbai and Bandra East, which
is currently valued +15,000/sqft
Plans to launch 7 residential projects over the next 12 months
Has tie-ups not only with land owners but also with most Grade-A developers
which reduces cost-outgo and mitigate location & execution risks
Its NAV as on Sep '11 is Rs.564 per share and currently trading at 28% discount
to its NAV

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