Residential Real Estate Construction Business Seeking Loan in Bankura, India
Established Bankura real estate developer with 6 completed projects, seeks funding for upcoming residential projects.
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 1.1 million |
| Run Rate Sales | USD 1.1 million |
| EBITDA Margin | 0 - 10 % |
| Industries | Residential Real Estate Construction |
| Locations | Bankura |
| Local Time | 6:05 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
330 thousand
for
9.0%
annual interest,
3
years
(Native Currency: INR 30,000,000)
Reason: Seeking funding for 4 of our upcoming projects.
Collateral Available: USD 0
Includes physical assets worth
USD
166 thousand
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Business Overview
- Real estate development company located in Bankura, focusing on residential projects in the region.
- The business specializes in the development of residential properties, with a proven track record of 6 completed major projects.
- Currently, four residential apartment complex projects are in the pipeline, with one on owned land and the others under joint venture development agreements with landowners.
- The projected timeline for the completion of all these ongoing projects is approximately 3 years.
- Revenue is primarily generated through the sale of the properties, catering to the growing demand for housing in the area.
- The company employs 10 permanent staff members, supplemented by temporary and contract workers as needed for specific projects.
- The business holds MSME registration and is in the process of obtaining RERA certification, ensuring compliance with regulatory standards in real estate.
- The company is seeking investments to further develop its ongoing projects, promising a potential return as the real estate market in Bankura continues to grow.
- The business specializes in the development of residential properties, with a proven track record of 6 completed major projects.
- Currently, four residential apartment complex projects are in the pipeline, with one on owned land and the others under joint venture development agreements with landowners.
- The projected timeline for the completion of all these ongoing projects is approximately 3 years.
- Revenue is primarily generated through the sale of the properties, catering to the growing demand for housing in the area.
- The company employs 10 permanent staff members, supplemented by temporary and contract workers as needed for specific projects.
- The business holds MSME registration and is in the process of obtaining RERA certification, ensuring compliance with regulatory standards in real estate.
- The company is seeking investments to further develop its ongoing projects, promising a potential return as the real estate market in Bankura continues to grow.
Products & Services Overview
- The business develops and sells residential apartments and housing projects, offering end-to-end real estate development services including project planning, construction, and sales.- Primary customers are middle-income homebuyers and families in and around Bankura who are seeking affordable, quality residential properties for self-occupation or investment purposes.
Assets Overview
Physical assets include an owned office land and building with complete setup valued at ~ INR 1 crore, along with one additional parcel of land owned for the upcoming project valued at ~ INR 50 lakh.
Facilities Overview
We have two office facilities in Bankura: one is rented and the other is owned. Additionally, we own one parcel of land measuring 9 katha for an upcoming project. Our other projects have been developed under joint venture (JV) development agreements with landowners.
Capitalization Overview
Sole proprietorship business.Having outstanding bank loans.
Tags:
Residential Real Estate Construction Business Seeking Loan in Bankura, India
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