Newly Established Residential Real Estate Construction Business Seeking Loan in Male, Maldives
Real estate project in high-demand Hulhumalé, Maldives, seeking funding for land acquisition and development.
| Established | 0-1 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Other |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Residential Real Estate Construction |
| Locations | Male |
| Local Time | 1:59 AM Indian / Maldives |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
2.8 million
for
10.5%
annual interest,
10
years
(Native Currency: USD 2,800,000)
Reason: We are seeking funding to procure land and initiate the construction project. USD 1 million will be ...
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Collateral Available: USD 0
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Business Overview
- The business is focused on real estate development in the Maldives, specifically targeting the newly reclaimed Hulhumalé region known for its beachside properties.
- The project is in the pre-revenue stage, indicating an opportunity for early investors to get involved before construction starts.
- Plans include building residential villas consisting of 2BHK and 3BHK units, each approximately 1,500 square feet in size.
- The estimated timeline for plot acquisition and construction completion is 1.5 years, after which the properties will be available for sale.
- Revenue generation will primarily come from the sale of these residential villas, tapping into the growing demand for real estate in this popular tourist destination.
- The promoter has a wealth of experience in the real estate industry, providing assurance of the project’s viability and management.
- Target customers include both local residents and international buyers seeking vacation homes or investment properties in the Maldives.
- The project is in the pre-revenue stage, indicating an opportunity for early investors to get involved before construction starts.
- Plans include building residential villas consisting of 2BHK and 3BHK units, each approximately 1,500 square feet in size.
- The estimated timeline for plot acquisition and construction completion is 1.5 years, after which the properties will be available for sale.
- Revenue generation will primarily come from the sale of these residential villas, tapping into the growing demand for real estate in this popular tourist destination.
- The promoter has a wealth of experience in the real estate industry, providing assurance of the project’s viability and management.
- Target customers include both local residents and international buyers seeking vacation homes or investment properties in the Maldives.
Products & Services Overview
Premium residential villas in Hulhumalé region.Core products will be 2BHK and 3BHK villas, each approximately 1,500 square feet, designed to meet the needs of both local families and international buyers.
These villas will serve as primary residences, vacation homes, or investment properties.
Assets Overview
The project doesn't have any physical assets of significant value.
Facilities Overview
We have identified a potential beachside plot in the Hulhumalé region that we are planning to acquire.
Capitalization Overview
There are 2 partners in the project.No outstanding loans or external funding procured yet.
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