Newly Established Residential Real Estate Seeking Loan in Siliguri, India

Residential real estate company with a project underway in the budget luxury housing segment.

Established 0-1 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Residential Real Estate
Locations  Siliguri
Local Time 8:25 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 40 thousand for 25.0% annual interest, 2 years (Native Currency: INR 3,000,000)
Reason: Looking for funds in order to start development and construction on the second tower of the apartmen... View More
Collateral Available: USD 0
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Business Name
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Business Overview

- We are a new residential real estate firm that is looking to complete a budget luxury housing apartment.

- The apartment has two towers with a total of 28 flats together in both towers.

- There are 1 BHK and 2 BHK flats along with provisional 3 BHK flats on request that can be made by joining the 1 BHK and 2 BHK flats.

- We have completed the architectural design of the towers. The first tower has been completely pre-booked and construction will be starting shortly.

- The land which the towers are to be built on is held by a separate joint venture between us and the original land owner. The land was provided to us for construction by the land owner in return for a flat in the apartment.

- Since we started operations in the beginning of the year we have received around 2 pre-bookings a month. The pre-bookings are charged at INR 30,000 each.

- Owner has more than 18 years of experience working in the residential real estate and property sales space.

Products & Services Overview

Residential real estate company with a project having 28 apartments.

Facilities Overview

Property of slightly less than 5,000 Sq M that is held under a JV with the original land owner.

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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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