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Real Estate Construction Business Seeking Loan in Jhansi, India

Jhansi based commercial and residential construction business currently working on 2 projects.

Established 10-20 year(s)
Employees 10 - 50
Legal Entity Other
Reported Sales USD 500 thousand
Run Rate Sales USD 700 thousand
EBITDA Margin 15 %
Industries Real Estate Construction
Locations  Jhansi
Local Time 8:36 PM Asia / Kolkata
Listed By Management Member
Status Active
Overall Rating
Seeking Loan
USD 600 thousand for 18.0% annual interest, 1 year (Native Currency: INR 50,000,000)
Reason: To pay off current debt due to banks. Rs. 3.75 crore will be used to pay back bank loans and Rs. 1.2... View More
Collateral Available: USD 600 thousand
Includes physical assets worth USD 3.6 million
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview

- A construction company based in Jhansi, Uttar Pradesh.

- We construct residential and commercial projects.

- Have completed 2 residential projects - construction of residential buildings.

- Currently working on one residential project and one commercial project for which we require funds.

- The residential project is to construct a building with 200 flats.

- Land has an area of 2.4 acres and is owned by the business.

- We have completed 126 rooms and expect to finish the project by next year.

- Project value is Rs. 60 crore.

- The commercial project is to construct a commercial building near the Jhansi railway station.

- The project is on a DBFOT basis (design, build, finance, operate and transfer).

- Land has been leased for 45 years and has an area of 2,150 Sq. Ft.

- Property is meant for passengers and will have various travel agents, restaurants, salon and other commercial activities present. Also have a tie up with Tata group's Ginger Hotel to setup rooms at this property.

- Value of the project is Rs. 45 crore.

- We expect to complete this project by next year.

- Promoter has 25 years of experience in the construction industry.

- Physical assets include land, building, construction material.

Products & Services Overview

Commercial and residential construction, construction of residential and commercial buildings.

Facilities Overview

Have a leased office space having an area of 800 Sq. Ft.

Land of the 2 previous residential projects completed are company owned and have an area of 9.5 acres and 4.5 acres.

New residential project land is company owned and has an area of 2.4 acres.

New commercial project land is leased for 45 years and has an area of 2,150 Sq. Ft. .

Capitalization Overview
Not Disclosed
Recent Activity
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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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