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Real Estate Construction Business Seeking Loan in Visakhapatnam, India

Residential and Commercial apartment building construction company having projects in Visakhapatnam, also known as city of destiny.
This transaction has concluded.
This Business is on a Premium Plan
Established 10-20 year(s)
Employees 10 - 50
Legal Entity General Partnership
Reported Sales USD 30 thousand
Run Rate Sales USD 70 thousand
EBITDA Margin 30 %
Industries Real Estate Construction
Locations  Visakhapatnam
Local Time 3:22 PM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 240 thousand for 12.0% annual interest, 2 years (Native Currency: INR 20,000,000)
Reason: Firm has secured 3 crores worth development projects in prestigious areas. Promoter is confident of ... View More
Collateral Available: USD 360 thousand
Includes physical assets worth USD 900 thousand
Interested to connect with advisors
Business Overview

Promoter has worked in Singapore for 6 years and has a permanent resident status. But, having great passion for construction business, shifted to Visakhapatnam, a port city in Andhra Pradesh in the year 2006 and started a partnership firm with few others in the year 2007. From then on successfully completed several apartment projects in both Vijayawada and Visakhapatnam cities. Visakhapatnam, also known as Vizag has a high demand for residential flats because of several central government institutions like steel plant, BHEL, Port, an export process zone, Pharma SEZ, etc.

Right now, the firm is handling 5 number of projects of a total built-up area of 1,11,098 Sq. Ft in which 3 projects are under construction and 2 new projects are waiting for plan approvals from concerned authorities.

Products & Services Overview

Construction of residential or commercial apartment buildings with high quality.

Facilities Overview

So far constructed 2,79,730 Sq. Ft and handed over to many prospective buyers and another 77,728 Sq. ft is under construction.

Capitalization Overview
Not Disclosed
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
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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