Our Company

Darjeeling Ropeway Co Ltd., (DRCL) is listed company on Bombay stock exchange , originally incorporated in the year 1936 and taken over by new management in the year 2018. The new management lead by Mr. Himanshu shah and team has rich experience in the field of Construction in state of Gujarat. DRCL has transformed in a short span of time from a civil contractor to a well groomed infrastructure development and construction company with an aim of accomplishing world-class standards in real estate, property and infrastructure development. The Registered Office is at Mumbai controlling various Projects at various locations. In more than a decade of its working DRCL has emerged as a renowned civil engineering and construction company.

The Company has vision to provide the customers innovative architecture in affordable prices with international quality; Mr. Himanshu Shah heads the company as Chairman and Managing Director with other Directors. DRCL has established its capabilities in executing complex and challenging projects in all kinds of environment, having delivered projects in time bound schedules with international standards.

DRCL is organized to function optimally with an objective and work culture to empower the Associates. With DRCL, the core organizational concept is: Each DRCL staff members is the family member and “A Leader” who is free to make decisions in his domain and be accountable for the outcomes. DRCL also believes that through distributed leadership, DRCL can realize the full potential of every associate and enable them to excel in whatever they do. DRCL creates enduring value for the - Customers, Associates, Investors and Society.

DRCL’s expanding list of satisfied clients reflects in its ability to execute challenging projects, despite all odds. The high percentage of repeat orders stand testimony to this. DRCL has achieved many milestones. DRCL’s ability to manage operations in diverse industries and economies coupled with its track record in mobilizing financial and human resources makes it the preferred contractor for critical projects. DRCL will be an ideal partner, for your next industrial site development or heavy civil engineering project and requests you to contact us.

  • To achieve our objectives in an environment of fairness through courtesy to our Clients, Employees, Vendors and Society.
  • To provide best -in -class infrastructure in the Country, and explore business opportunities in other Countries.
  • The goal of the company is to promote our business activities of; Industrial Construction, Commercial Construction, Residential Construction, Educational Institutes Building Construction, NGO/ Government Construction Projects, Architectural Design.
  • To be the Best-in- Class Engineering, Project Management and Construction Company Committed to Quality Work, Timely Completion and cost effective ensuring Customer Delight.
  • To develop team of highly skilled and motivated professionals and project participants, who will be asset of our organization, People will be proud to work at DRCL.
  • DRCL intends to focus developing smart Cities of India in alignment with the respective State Government policies & rules such futuristic the development through modern and state of art Civil Construction and Infrastructure Developments.
Able leadership of promoters:
 

The CMD Mr. Himanshu Shah and other Directors form a team of young promoters and are having a unique blend of both technical and managerial expertise, as most being qualified civil engineers, and all are having business venturing skills.

  • This exclusive combination of techno-commercial abilities has been the base of sustained growth of our company.
  • The promoters being young and dynamic are always open to accept new challenges and have faced such challenges successfully till now.
  • Have executed variety of projects and thereby proved versatility in the field of civil engineering.
  • Thus the company executed variety of projects and proved their versatility in the field of civil engineering. The company is well conversant with local conditions, procedures and formalities at various State Government bodies, its local offices and other authorities and has good financial backup in terms of captive funds and persisting well served debt funding sanctions from financing institutions.
Work Philosphy:

The company believes in giving best quality outputs and adhering to time schedules.

 
Human resources and relations

Human relations are regarded as most significant ingredient of our business and thus a well coordinated "Teamwork" between executives, employees and workers in our company has been our 'working culture'. Thus all the workers and employees consider themselves as members of company and we have track record of not having any legal disputes with our workers.

  Quality

We are in process of taking certificates for quality management system and we ensure to follow the quality norms and checks prescribed by our clients. Thus quality at every stage is ensured through various tests and checks by scientific procedures by quality assurance engineers on site and at approved testing laboratories.

  Safety 
  • The Safety of Workers at each of our sites of prime significance for the management.
  • General Safety measures are followed at project site. Workers are trained and mandated to follow safety norms and use safety appartus.
  • Workers are covered under applicable insurances as per statutory norm.
Satisfied Clientele
  • Satisfied clientele is the best asset for any business and we have been fortunate to have the same.
  • Satisfied with our quality work and adherence to time schedule, many of our clients have placed repeated orders on us and have also recommended our name to others.

Our Team

Himanshu Ramniklal Shah

Executive Director

Mr. Himanshu shah and team has rich experience in the field of Construction in state of Gujarat. DRCL has transformed in a short span of time from a civil contractor to a well groomed infrastructure development and construction company with an aim of accomplishing world-class standards in real estate, property and infrastructure development.

Nilesh Kumar Parekh

Non- Executive Director

Mr. Nilesh Parekh is graduate in commerce and looking after business development and marketing part of company. He has more than 25 years of experience in the field of marketing and business development.

Mrs. Jeni Shah

Non- Executive Director

Mrs. Jeni shah is wife of Himanshu shah. She is actively engaged in the social networking and member of various NGOs in Gujarat. Mrs. Jeni looks after business development and Corporate social responsibility (CSR) for the company.

Ankit Kr. Mehta

Independent Director

Mr. Ankit Mehta is a Chartered Accountant by Qualification and has more than 20 years of experience in the field of real estate and construction. He looks after mentoring to team members and do liaisoning work with government department to get various clearance for the company.


Mahavir Shah

Independent Director

Mr. Mahavir Shah is merchant in textile market and also real estate marketer and helps company in marketing and business development. He has more than 22 years of experience in the field of marketing.

Dilipbhai Ramanlal Doshi

Chief Financial Officer

Mr. Dilip doshi is chief financial officer looking after Daily Finance functions of company and also deals in project report preparation for various authorities and for clients.

1. How is an EMI calculated?
EMI or Equated Monthly Installment is the amount payable to the lending institution every month, till the loan is paid back in full. It consists of a portion of the interest as well as the principal.
EMI Formula: l x r [(1+r)n /(1+r)n-1 ] x 1/12 (l = loan amount, r = rate of interest, n = term of the loan)

2. How does a housing finance company decide on the loan amount?
Most companies give a maximum of 85% of the cost of the house. The 15% (seed money) will have to be provided by the loan applicant. The amount, for which the applicant is eligible, is determined by the age, income, no. of dependents, monthly outgoing and repayment capacity.

3. Is there a right time to apply for a home loan?
Loans may be applied for before or after selection of property. The loan amounts are sanctioned in principle to let you know what amounts you can avail of. This helps you decide your budget. Actual disbursements are made after satisfactory verification of all necessary documents and completion of specific procedures.

4. What is the time required for loan application approval?
Within 15 days.

5. What documents should I verify before buying any property?
If you want to purchase a property, you must see the approved layout plan, approved building plan, ownership documents, carryout search, etc.

6. What is the difference between built up area, super built up area and carpet area?
Carpet Area: Area of the apartment/building, which does not include the area of the walls Built up Area: Includes the area of the walls also
Super Built up Area: Includes the built up area, along with the area under common spaces such as the lobby, lifts, stairs, etc. This term is only applicable to multi-dwelling units

7. For investments in immovable properties:
A foreign citizen (other than a citizen of Pakistan, Bangladesh, Afghanistan, Bhutan, Sri Lanka, or Nepal), is deemed to be of Indian origin if, he held an Indian passport at any time, or he or his father or paternal grand-father was a citizen of India by virtue of the (Constitution of India or the Citizenship Act, 1955 (57 of 1955)

8. Who is liable to pay Stamp Duty - the buyer or the seller?
As stated by Section 30, of Bombay Stamp Act, 1958, liability of paying stamp duty is of the buyer unless there is an agreement to the contrary.

9. What is market value of a property?
Market value means the price at which a property could be bought in the open market on the date of execution of such instrument.

10.Is Stamp Duty payable on the market value or as stated in the agreement?
The Stamp Duty is payable on the agreement value of the property or the market value whichever is higher.

11. Which instruments attract payment of Stamp Duty?
The instruments that attract Stamp Duty on market value of the property are: Agreement to Sell Conveyance Deed Exchange of property Gift Deed Partition Deed Power of Attorney settlement and Deed Transfer of lease
1. What Is The Loan Amount Which Can Be Sanctioned?
HFCs sanction loan amounts is based on eligibility depending upon your repayment capacity (which takes into account your age, qualifications, assets, liabilities, stability of occupation, savings history) and according to your income. The maximum loan that can be sanctioned varies with housing finance companies and the generally, the maximum loan amount is 80 to 85% of the cost of your home.

2. When and how can an application be made for home loans?
An application for home loans can be made any time after you have decided to acquire/construct a property, even if the property has not been selected or the construction has not commenced. An application form along with the necessary documents has to be submitted to the respective finance company after which they would review the application and decide on its status.

3. How do I obtain a housing/commercial property loan?
Most purchasers, if eligible can obtain housing loans from 80% to 100% of total sales consideration including registration charges. Details of housing loans including application forms for both resident and non-resident Indians are available on websites of most housing finance companies. Websites of some leading housing finance companies are given below:
Kotak Mahindra Bank Home Loan
Axis Bank Home Loan
Allhabad Bank Home Loan
HDFC Home Loan
ICICI Bank Home Loan
SBI Home Loan
Our projects have been approved by major financial institutes like AXIS, HDFC, BOB,SBI, ICICI TATA Capital, India Bulls etc

4. How much time does it take to get an application processed and the loan getting sanctioned?
The processing of a home loan application, if the documents are in order takes around fifteen days and it takes another week for the company to check out the property papers and make the disbursement.

5. If I am not eligible for loans can I take a joint loan with any of my relative?
If you are an individual - your spouse, your parents, or even your children can be your co-applicants and their incomes can be clubbed with your income to enhance the amount of loan you are eligible for. It makes sense therefore, that the co-owner of a property has to be a co-applicant, but a co-applicant need not be the co-owner of the property. If you are a partnership or private limited company, any one of the directors or partners can be your co-applicant.

6. What are the fees and charges payable and when are they payable?
Processing fees and administrative fees, both payable upfront; are the charges payable to the Housing finance companies for sanctioning of Housing loans. The processing fee (fees at the time of application) could range between 0.8% to of the loan amount applied for, and is generally levied to cover the costs incidental to the application. Once the loan is sanctioned, an administrative fee of 1% of the loan amount sanctioned will have to be paid.

7. What is a fixed interest rate?
A Fixed interest rate for Home loans is one where the rate charged by the HFC on the loan amount is constant over the tenure of the loan. A fixed interest rate protects the borrower from a rise in home loan rates. While on the flip side, he may not benefit if the market rates were to fall. Therefore, it is advisable to go in for a fixed rate if you feel that the rate of interests in the market have touched rock bottom and the rates can only move upwards.

8. What is a floating interest rate?
A Floating interest rate for home loans is a loan where the interest rate which is payable is linked to the market rate e.g. the bank lending rate. The interest rate payable by you will also rise and fall as per bank lending rates which may fluctuate.

9. What are the repayment period options?
Repayment period options range generally from 5 to 15 years. A 20-year repayment period option is also provided by a few HFC's usually at a higher interest rate.

10. What is meant by an EMI (Equated Monthly Installment )?
An EMI refers to the fixed sum of money that you will be paying to the housing finance company every month against a loan amount borrowed for a fixed period of time. An EMI has two components, the principal component and the interest component. . The amount of the EMI depends on the quantum of loan, interest rate applicable and the term of the loan. The loan carrying the lower EMI for the same tenure is the cheaper option.

11. Can one repay the loan ahead of schedule?
It is possible to repay a loan ahead of schedule. A form of a penalty termed as a pre-payment penalty is payable to certain institutions which varies from one HFC to another.

12. Can a NRI avail of a housing loan?
Yes, NRIs can avail of a housing loan to buy a property in India. However, the terms and conditions for a NRI loan offered by the banks and HFCs are different than housing finance granted to Residents of India.

13. Can I pre-close my loan?
Yes. Loans can be pre-closed for a nominal charge before the termination. The immovable property was acquired by the seller in accordance with the provisions of the Exchange Control Rules/Regulations/Law in force at the time of acquisition, or the provisions of the Regulations framed under the Foreign Exchange Management Act, 1999;

The amount to be repatriated does not exceed (a) the amount paid for acquisition of the immovable property in foreign exchange received through normal banking channels or out of funds held in foreign currency non-resident account or (b) the foreign currency equivalent, as on the date of payment, of the amount paid where such payment was made from the funds held in non-resident external account for acquisition of the property; and In case of residential property, the repatriation of sale proceeds is restricted to not more than two such properties.

Investor Corner

Let’s chat?

Top