Kingmaker Developers, a Rustomjee Group affiliate, bought 100% ownership and preference shares of DB Realty's Realgem Buildtech for about Rs 231.42 crore. This allows Keystone Realtors, a Rustomjee Group subsidiary, to buy Rustomjee Crown, a luxury residential complex in Prabhadevi, Mumbai.

The Bengaluru-based Prestige Group acquired 2.3 acres of land in Bhuleshwar, Mumbai, from Marine Drive Hospitality and Realty Pvt Ltd, a subsidiary of DB Realty

Prestige Falcon Realty Ventures, a fully owned subsidiary of the Bengaluru-based real estate developer, paid INR 978.7 Crore for securities from DB Realty and its subsidiaries to enhance its share in Prestige BKC Realtors from 50% to 100%.

DB Realty told the stock markets on February 9 that it intends to offer 50 million convertible warrants to non-promoter investors including Rakhesh Jhunjhunwala's RARE Enterprises.

According to Indian real estate industry insiders, Godrej Properties has decided to abandon its intentions to invest approximately INR 700 Cr in DB Realty in order to acquire a 10% interest and establish a collaborative platform in response to concerns made by minority owners and other stakeholders.

Godrej Properties intends to spend Rs 400 crore to purchase about 10% of DB Realty (DBR) and to establish a Rs 600 crore 50-50 joint venture to execute slum restoration projects,