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D B Realty hits upper circuit on favourable SC ruling on Mumbai land parcel

2 Mar 2022 , 12:02 PM

Esteem Properties (Esteem), a wholly owned subsidiary of D B Realty owns approx. 22,000 sq. mts. of land at CT Survey No. 229 at village Sahar, adjoining ITC Grand Maratha Hotel, Andheri (East), Mumbai (Maharashtra) and was subject matter of Public Interest Litigation (PIL No. 47 of 2008) filed by Chetan Kamble & Others.

D B Realtys consolidated net loss stood at Rs 36.34 crore in Q3 FY22 as against a net profit of Rs 110.68 crore posted in Q3 FY21. Net sales fell 25.8% to Rs 8.03 crore in Q3 FY22 from Rs 10.82 crore posted in Q3 FY21.

D B Realty is a real estate development and construction company.

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