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Rented Commercial Property Assets for Sale in North Paravur, India

North Paravur real-estate firm sells discounted Ernakulam plots; 65-cent riverside resort site, debt-free, taxes paid.

Ownership Duration 1-5 year(s)
Industries Resorts + 1 more
Locations  North Paravur
Local Time 6:40 AM Asia / Kolkata
Listed By Management Member
Status Active
Overall Rating
Asset Sale
Asking Price: USD 370 thousand (Native Currency: INR 35,000,000)
Reason: The owner is looking to sell land ideal for waterfront resorts in Kerala and hopes to finalize the s... View More
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Assets Description
- Located in North Paravur, the real estate business specializes in developing and selling house plots in Ernakulam at prices below market rates.
- Business has been operating for the past 4 years and have successfully sold 9 plots, generating annual sales between INR 2–3 crores.
- The project is valued at around INR 4 crores, with the land price estimated at 5 lakh per cent, giving it an approximate value of INR 3.2 crores. Half of the construction is already completed, and materials are on hand, but work has halted because funds were redirected to another venture valued, the half-constructed buildings valued at approximately INR 30 lakhs.
- Currently, the land being sold is spanning 65 cents of land with half constructed two buildings, each approximately 1,500 sq. ft. , under construction for resort purposes.
- The land situated is on the west of direction near Dubai Port and offers beautiful riverside views, perfectly suited for creating riverside villas and resorts, booming riverside real estate market.
- The land and area are ideal for riverside villas and resorts, making it a great choice for anyone seeking a riverside real estate opportunity.
- With no outstanding loans, the taxes all being completely paid off in INR.
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
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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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