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Residential Real Estate Construction Business Seeking Loan in Belagavi, India

Real estate firm that undertakes projects for constructing individual houses and apartments in Belagavi.

Established 10-20 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 12 thousand
Run Rate Sales USD 15 thousand
EBITDA Margin 20 %
Industries Residential Real Estate Construction
Locations  Belagavi
Local Time 6:20 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 120 thousand for 12.0% annual interest, 2 years (Native Currency: INR 10,000,000)
Reason: To start the construction of apartments on 4-5 identified plots.
Collateral Available: USD 0
Includes physical assets worth USD 60 thousand
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Business Overview

Started the firm in 2009 and over the years we have completed 30-40 projects. We undertake small projects of constructing individual houses and apartments. Every year we execute 3-4 projects. Since our projects are of small size, the sales are low. However with our current plan, the sales would shoot up.

Our current plan is to develop apartments at multiple locations and sell them. Have a network of agents who are ready to sell 4-5 plots in the area. We have the funds to buy the property and we are seeking funds for construction. Each plot is of approx 3,500 sq ft area.

Our physical assets of INR 50 lakh includes an apartment which we have recently built and it's in the process to be sold.

Products & Services Overview

Construction of individual houses and apartments.

Facilities Overview

Have an office of 200 sq ft on rent.

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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