Real Gem Enters Into An Agreement With Kingmaker Developers For DB Crown Project
Real Gem Buildtech Private Limited (a wholly owned subsidiary of D B Realty Limited) has entered into a Development Management Agreement with Kingmaker Developers Private Limited, a Group Company of Rustomjee (a subsidiary of Keystone Realtors Private Limited) for the development management of the Real Estate Project, DB Crown situated at Gokhale Road (South), Prabhadevi, Mumbai — 400 025.
As per the agreement, the Development Manager will manage, monitor, supervise and coordinate the construction and development of the project and the sales, marketing and customer relationship management.
The company believe that this arrangement will be in the best interest of the project and the valued customers. The arrangement is subject to the approval of the lender, who has extended financial facility/ies for the execution of the project. Depending on the progress of the project, the parties may alter/revise the agreement and/or enter into other agreements/understandings to reflect any revised understanding, subject to necessary approvals, that may be arrived at in the future.The project is registered under RERA as below :
(a) Tower A&B: Phase 1: No. P51900003268
(b) Tower C: Phase 2: No. P51900006367