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Valor Estate Limited, formerly D B Realty Limited, is an Indian real estate development and construction company operating primarily in the Mumbai Metropolitan Region. The company focuses on residential, commercial, retail, and other projects including mass housing and cluster redevelopment. It has approximately four ongoing joint venture residential projects and four owned residential projects with a cumulative saleable area of 15 million square feet. Valor Estate Limited is jointly promoted by Mr. Vinod K. Goenka and Mr. Shahid Balwa. The company's portfolio includes residential projects catering to various income groups, customized office spaces, and retail developments. In the hospitality sector, it owns The Hilton, Mumbai and Grand Hyatt, Goa, and holds a 50% share in an upcoming hotel in Aerocity Delhi. The company has undergone several name changes and corporate restructurings since its incorporation in 2007.