Brick Eagle, a financial services platform for affordable housing development in India, on Wednesday announced acquisition of 49 per cent stake in Ahmedabad-based affordable housing developer DBS. However, financial details of the transaction were not revealed.
DBS, under its flagship brand 'Umang', has delivered 2,716 homes since its inception in 2010 and expects to deliver another 1,825 units this year, the company informed.
Sanjay Shah, Founder of DBS said, "With Brick Eagle’s support, we are looking to build capacity and deliver over 10,000 homes a year by 2019."
Rajesh Krishnan, Founder & CEO, Brick Eagle Group said, "We are looking to back credible affordable developers across the country that has the potential to emerge as leaders in the industry. We foresee DBS becoming one of the top 5 affordable housing players in India within the next 10 years."
Brick Eagle currently manages over 1,250 acres of land under affordable housing development across Mumbai, Pune, Chennai and Coimbatore. Brick Eagle estimates affordable housing as a $100 billion market opportunity.
It has been a wonderful experience in owning a commercial space at Gera's latest offering in Goa GERA GRAND.
How has your experience been of owning a commercial space with Gera?
My experience has been excellent. I have purchased an office in Gera’s Imperium 2 and a s..
Having a commercial space in and around Panjim was our long desire and this could be possible with Gera’s.
Patto Plaza has ..
First of all I would like to thank you and the Gera team for organizing different workshops at our doorstep.
The best thing I have done to my kids is that I took a right decision to buy a flat in Gera.
Because of this decision , Vishnu could attend the development workshops that were conducted.
Vishnu was a shy child who didn't like to participate in any of the programmes.
As far as Dale Carnegie workshops is concerned it has given him a lot of confidence and was presenting things in a much better way and I can see a lot of improvement in him.In simple words u made a person(..
My son Tattva had been enrolled in the intermediate level and has been coached by the Vishwanathan Anand Chess Academy coach . Tattva has made remarkable strides and will be on his way to get his FIDE rating in November. A lot of credit goes to the mentor for his unique way of handling his students. He has been very patient while working with Tattva on his areas of improvement. In addition before the tournament the coach had voluntarily added additional classes and doubled his efforts to get a better performance out of Tattva. He has shown complete ownership which is commendable. I hope he continues to develop more and more chess players in the coming days...