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Residential Real Estate Construction Business Seeking Loan in Hamirpur, India

Residential real estate construction company in Hamirpur with an upcoming project is seeking a business loan.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Residential Real Estate Construction
Locations  Hamirpur
Local Time 8:06 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 240 thousand for 10.0% annual interest, 2 years (Native Currency: INR 20,000,000)
Reason: The promoter is an HNI and they will provide the collateral if the loan is secured. INR 10 lakh wil... View More
Collateral Available: USD 300 thousand
Includes physical assets worth USD 6 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
GST Certificate
3 BHK Floor Plan
2 BHK Floor Plan
GST Certificate
Business Overview
- Residential real estate construction company with a project for 20 flats.
- Land parcel of 14,262 sq. ft. has been acquired and the project will begin construction in another 3 months.
- Have received letter of interest from 60 buyers with 5 having paid us a deposit amount.
- Stipulated time of completion is 2 years from the commencement of construction.
- 5 floor building will consist of stilt parking, 2 high-speed lifts, ten 2BHK flats, eight 3 BHK flats and 2 penthouses.
- Penthouse will have its own private terrace with a jacuzzi.
- Project has very high potential due to low-level competition, as there are no RERA-approved completed flats in our vicinity.
- Promoter has 5 years experience in the same industry and has sold 15 flats through another real estate business.
Products & Services Overview
2 BHK flats with a carpet area of 830 sq. ft. , built-up area of 1,050 sq. ft. , and super built-up area of 1,250 sq. ft.
3 BHK flats with a carpet area of 1,060 sq. ft. , built-up area of 1,250 sq. ft. , and super built-up area of 1,390 sq. ft.
Penthouse with a carpet area of 1,350 sq. ft. , built-up area of 1,570, and super built-up area of 1,790 sq. ft.
Assets Overview
Owned office space worth INR 7 lakh, computers, and office equipment.
Facilities Overview
Owned office space of 650 sq. ft in Hamirpur.
The office is under construction with half of the work completed.
Capitalization Overview
Not Disclosed
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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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