Land Developers Company Seeking Loan in Bhubaneswar, India
Innovative real estate company with a high ROI plotting project underway seeks an investor.
This transaction has concluded.
| Established | 1-5 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | USD 455 thousand |
| EBITDA Margin | 16 % |
| Industries | Land Developers |
| Locations | Bhubaneswar |
| Local Time | 8:37 AM Asia / Kolkata |
| Listed By | Management Member |
| Status | Moderately Active |
Seeking Loan
USD
112 thousand
for
24.0%
annual interest,
1
year
(Native Currency: INR 10,000,000)
Reason: Looking for loans in order to start and complete the development of this project.
We are only seeki...
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Collateral Available: USD 112 thousand
Includes physical assets worth
USD
2.14 million
Interested to connect with advisors
Documents
ROC-Verification.pdf
(73.8 KB)
Business Overview
- Real estate company that has completed 6+ projects since inception. Our company operates with a 'tech at core' model.
- Looking to raise funds to develop a plotting project.
- Made agreements and legally acquired land of 12 acres in Jagasara.
- Funds will be used to construct a 30 feet road, boundary wall, electric lines, and other utilities.
- The land is located close to GITA college and Utkal Cultural University.
- 17 plots of 2,000 sq. ft. have already been sold at a rate of INR 1,200/sq. ft.
- The land plots will be sold with the help of real estate agents. Commission at INR 70/sq. ft.
- Projected gross profit of INR 3 crore on an estimated project value of INR 12 crore with a net ROI of 175%.
- Estimated turnaround time of project is 18 months, this includes the sales and registration time period.
- The company leading this project does not have any bank loans. The company has 2 directors with a 60-40% shareholding pattern.
- Looking to raise funds to develop a plotting project.
- Made agreements and legally acquired land of 12 acres in Jagasara.
- Funds will be used to construct a 30 feet road, boundary wall, electric lines, and other utilities.
- The land is located close to GITA college and Utkal Cultural University.
- 17 plots of 2,000 sq. ft. have already been sold at a rate of INR 1,200/sq. ft.
- The land plots will be sold with the help of real estate agents. Commission at INR 70/sq. ft.
- Projected gross profit of INR 3 crore on an estimated project value of INR 12 crore with a net ROI of 175%.
- Estimated turnaround time of project is 18 months, this includes the sales and registration time period.
- The company leading this project does not have any bank loans. The company has 2 directors with a 60-40% shareholding pattern.
Products & Services Overview
Project size of 12 acres i. e. 5,17,440 sq. ft.Total availability of plots area after deducting the 30 ft roads and other amenities is 3, 75, 000 sq. ft.
The selling price will range between INR 950 - 2,000 per sq. ft.
Assets Overview
The project has 12-acre-land worth INR 38.4 crore.This company owns 50% of this land and the other 50% is owned by a sister concern with same directors.
The land is valued at INR 3.2 crore/acre, and has a market value of INR 3.5 crore/acre.
Facilities Overview
Owned office space of 5,600 sq. ft. In Satya Nagar, Bhubaneswar.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysFounder, Mumbai, Financial Consultant connected with the Business
-
Earlier than 15 daysMD, Construction, Cuttack, Corporate Investor / Buyer connected with the Business
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