High FSI to double co's absolute profit on land: DB Realty

Real estate companies in Mumbai get a boost as the BMC proposes a new 20-year development plan and recommends a substantial increase in FSI to a maximum of 8.

Real estate companies in Mumbai get a boost as the BMC proposes a new 20-year development plan and recommends a substantial increase in FSI to a maximum of 8. This is positive for companies with large land parcels in the city like DB Realty , Bombay Dyeing and Oberoi Realty .

Discussing the details, NM Gattu, CFO of DB Realty, said the saleable potential goes up due to higher FSI.

More to follow

DB Realty stock price

On February 18, 2015, at 14:12 hrs DB Realty was quoting at Rs 86.00, down Rs 1.55, or 1.77 percent. The 52-week high of the share was Rs 116.20 and the 52-week low was Rs 47.55.

The latest book value of the company is Rs 138.74 per share. At current value, the price-to-book value of the company was 0.62.

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