Land Developers Company Seeking Loan in Bangalore, India
Karnataka-based land developers seek a secured loan to develop its North Bangalore project.
| Established | 20-30 year(s) |
| Employees | 50 - 100 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 2.6 million |
| Run Rate Sales | USD 2.7 million |
| EBITDA Margin | 8 % |
| Industries | Land Developers |
| Locations | Bangalore |
| Local Time | 1:49 AM Asia / Kolkata |
| Listed By | Management Member |
| Status | Moderately Active |
Seeking Loan
USD
71 thousand
for
20.0%
annual interest,
1
year
(Native Currency: INR 6,000,000)
Reason: We are seeking multiple investors through different channels to accumulate funds of about INR 6 cror...
View More
Collateral Available: USD 71 thousand
Includes physical assets worth
USD
71 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Domain-Verification.pdf
(213.0 KB)
ROC-Verification.pdf
(74.3 KB)
Business Overview
- Land developers involved in plot development and selling.
- The company has completed 5 projects since its inception 19 years ago and has more than 60 acres of developed and undeveloped land across Karnataka.
- We are seeking funds to develop our North Bangalore project.
- The loan will be secured by a plot matching the loan amount.
- Plot will be allotted at a rate of INR 3,000 per sq. ft.
- We have multiple mortgages with our investors but no bank loans and our company has four equal shareholders.
- The company has completed 5 projects since its inception 19 years ago and has more than 60 acres of developed and undeveloped land across Karnataka.
- We are seeking funds to develop our North Bangalore project.
- The loan will be secured by a plot matching the loan amount.
- Plot will be allotted at a rate of INR 3,000 per sq. ft.
- We have multiple mortgages with our investors but no bank loans and our company has four equal shareholders.
Products & Services Overview
We buy acres of land, develop, divide and sell them to builders and individual customers.
Assets Overview
Company owns land of more than 60 acres but the lender's loan will be matched with a land plot of the same value. The land will be allotted at a discounted rate of INR 3,000 per sq. ft.
Facilities Overview
We operate from an owned office in the Sadashivnagar locality of Bangalore. Our company is registered in Chennai but our corporate headquarters are in Bangalore.
Capitalization Overview
We have multiple mortgages with our investors but no bank loans and our company has four equal shareholders.
Recent Activity
-
Earlier than 15 daysDirector, Brewery, Bangalore, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysRelationship Manager, Insurance & Loans, Bangalore, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysLead Analyst IP, Automotive, Bangalore, Individual Investor / Buyer connected with the 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. 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
12 Investors already contacted this Business.
Register below to connect now!
- Social
- Register
- Login
Who uses SMERGERS?
... and 116,500+ other businesses of all sizes.
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