Commercial Land Investment Opportunity in Bangalore, India

Require funding for a land acquisition case worth INR 900 crore with writ in high-court.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 2 - 5
Legal Entity Other
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Commercial Land
Locations  Bangalore
Local Time 8:21 AM Asia / Kolkata
Listed By Management Member
Status Active
Overall Rating
Seeking Investment
USD 700 thousand for 45.0% stake (Native Currency: INR 50,000,000)
Reason: Take over and run the case legally in the high court on the writ already filed.
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview

We have appealed in the High Court of Karnataka, against the Bangalore Development Authority, regarding their improper way of acquisition of land worth INR 900 crore, from our clients. We have submitted the writ in the high court and we have legally a very strong case. As early as we can, we want to transfer the case to supreme court and fight for justice. The land of 15.5 acres in Bangalore south was acquired from the owner and sold to several individual owners, in the name of city development, with numerous violations and lapses in procedure. We are now looking to get fair compensation equal to the present market value of the land thus acquired or return of the entire land through this case. The investor would receive 45% share in the net-worth of the land valued almost INR 900 Crore. Looking for an investor to help us take the case further. Current sponsor holds 60% share and has spent INR 2.5 crores so far and is looking to hand over 45% of the share of the claim, [valued at INR 400 crores] on some consideration to the incoming investor. The existing investor shall be with the incoming investor and shall be of great assistance to legally take it up further, till the winning of this case. We are assured of success in this venture.

Products & Services Overview

Legal case against the Bangalore Development Authority.

Facilities Overview

Rented office premises of 1,200 Sq Ft in Bangalore.

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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.
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