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Newly Established Real Estate Agency Seeking Loan in Kolkata, India

Residential project with 10 flats and 8,500 sq. ft. built-up area, seeking funding for construction.

Established 0-1 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Real Estate Agencies
Locations  Kolkata
Local Time 12:49 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 104 thousand for 10.0% annual interest, 5 years (Native Currency: INR 10,000,000)
Reason: Seeking funding to commence construction of a residential project, with approvals expected within 1 ... View More
Collateral Available: USD 0
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Business Overview
- Residential real estate development project planned in a prime location, comprising approximately 8,500 sq. ft. of built-up area.
- The project will include 10 residential flats.
- The promoter has approximately 4 years of real estate experience and has completed 4 residential projects.
- A joint venture agreement has been completed with the landowner for the proposed development.
- Statutory licences and approvals have been applied for, with approvals expected within approximately 1 week.
- Construction is planned to commence within approximately 1 month, subject to receipt of the required approvals.
- Estimated project completion timeline is approximately 2.5 years.
- Projected revenue upon completion is approximately INR 8–9 crore.
- The company holds MCA registration.
Products & Services Overview
10 residential flats within an approximately 8,500 sq. ft. residential development, targeting homebuyers in the project's prime location.
Assets Overview
Intangible assets include the promoter’s industry experience and a joint venture signed with a landowner in a prime location.
Facilities Overview
The residential project comprises a built‑up area of 8,500 sq ft, featuring 10 flats in a prime location.
Capitalization Overview
The business is jointly owned by two partners with equal shareholding and carries no outstanding loans.
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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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