DSKDL's Chairman, D.S. Kulkarni, revealed during his stay in Dubai that the company has already established a subsidiary to enter the Dubai real estate market. Additionally, the company plans to expand into the U.S. market, further extending its international business footprint.

To support this expansion plan, DSKDL will raise funds through the capital markets. The company plans a comprehensive issue of shares worth 1.10 billion rupees, including a rights issue of 550,000 shares to existing shareholders at a price of 10 rupees per share with a premium of 100 rupees per share, in a 1:2 ratio. There will also be a public issue of 5.5 million shares at 10 rupees per share, with the final price determined through book building. A.K. Capital Services Ltd. and Indian Overseas Bank will act as book-running lead managers.

Currently, DSKDL has developed and executed several projects in major Indian cities, Mumbai and Pune, covering a total area of over 3.9 million square feet. These projects, valued at 6.57 billion rupees, are in various stages of development and execution and are expected to be handed over by 2009. Kulkarni stated that DSKDL is strengthening its position in the Indian real estate market through continued investment in these core cities.

Ranked as the second fastest-growing construction company by Construction World in 2004, DSKDL is now planning to enter the Bangalore market and is in negotiations to acquire over 5 million square feet of land. The company also aims to expand to Hyderabad, Goa, and Delhi, broadening its market reach.

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In addition to geographic expansion, DSKDL is focused on developing a series of notable projects, the most prominent being the DSK Vishwa project in Pune. This 110-acre project, designed by the world-renowned architect Padmashree Balkrishna Doshi, showcases the company's strength and vision in high-end residential development.

DSKDL's expansion plans extend beyond the domestic market to include international markets. By launching new projects in Dubai and the U.S., DSKDL hopes to attract more international investors and customers, enhancing its global influence. Kulkarni stated that the company will continue to monitor global market dynamics and seek new opportunities and partners to achieve its international strategic goals.

This capital-raising activity is a significant step in DSKDL's global expansion plan. By issuing shares to existing shareholders and the public, the company can not only raise the necessary funds but also broaden its shareholder base, increasing market visibility and influence. Kulkarni believes that through these initiatives, DSKDL will secure a strong position in the competitive international real estate market, achieving sustainable growth and development.

DSKDL's future development plans demonstrate its ambitious vision in the real estate industry. By actively expanding in both domestic and international markets, the company aims to enhance its market competitiveness and provide quality housing and services to more customers. As the global economy continues to develop and urbanization accelerates, DSKDL will continue to explore new market opportunities, driving the company to new heights.