Commercial Land Assets for Sale in Amritsar, India

For Sale: 3,600 sq yard plot in Ranjit Avenue, Amritsar allotted to construct a Hotel.
This Business is on a Premium Plan
Ownership Duration
Industries
Hotels + 1 more
Locations
Local Time
10:56 PM Gurgaon
Listed By
Advisor / Business Broker
Status
Active
Overall Rating
Asset Sale
Asking Price: USD 5 million (Native Currency: INR 370,000,000)
Reason: To reinvest in other assets and projects.
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
IM Document
Assets Description

- We are a real estate company looking to sell one of our client's land.

- The property is located on the main road of Ranjit Avenue, Airport Road, Amritsar.

- It is a rectangular plot of 32,860 Sq. Ft. which is 3,600 sq yard.

- Seller of the property will get this plot approved under Punjab invest scheme in 30 to 45 days time.

- The land has been approved for Hotel construction.

- FAR is 1 / 3 with unlimited height subject to Airport Authority permission. 100 meters height is already approved. 1 / 4 FAR is possible after payment spread over 4 years.

- Subdivision of this plot is allowed as per the regulations.

- Property has been purchased in PUDA auction in Punjab.

- 15% of the land amount is already paid to the government and rest 85% to be paid over 8 years at 9% per annum interest. If complete payment is made upfront 7.5% discount will be given by the Government of Punjab.

Recent Activity
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
You might also be interested in these businesses

Frequently
Asked
Questions

  • Why can’t I see the business’ name or contact number? How do I contact the business?
  • What level of due diligence does SMERGERS conduct on the businesses/member?
  • How can I be sure that the business profile will be active?
  • How does SMERGERS rate business profiles?
  • Do I need to pay to connect with a business?
  • Show more