DB Realty, one of the leading real estate developers in India, has bagged the right to develop Sector – J, i.e., about 57 acres of the total 100 acres land of the Government Colony situated at Bandra-E.
The development on the rest of the area shall be done partly by Ackuticity developers and partly by Pune based, Kakade infrastructures.
A very well known area of Mumbai, the Government Colony is located in the heart of the Island city and is next to Mumbai’s big business hub, the Bandra – Kurla Complex.
With about 2000 Crs. To be spent on the development, DB Realty, expects to make a profit of about 1500 Crs. Within it’s area of operation, about 12 acres of area shall be retained by the group.
The group plans to build a super enclave of variety of homes and offices on rest of the area. The project is expected to take five years for completion.