Residential Real Estate Construction Business Seeking Loan in Ranchi, India

Require funds for multiple duplex construction on a 4 acres land, having already acquired the land.

Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
Nil
EBITDA Margin
Operating at break even
Locations
Local Time
8:30 PM India
Listed By
Business Owner / Director
Status
Moderately Active
Overall Rating
Seeking Loan
USD 270 thousand for 12.0% annual interest, 5 years (Native Currency: INR 20,000,000)
Reason: For initial construction work which include development of plot, construction of boundary, hand pump... View More
Collateral Available: USD 0
Includes physical assets worth USD 2.6 million
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Business Overview

The firm is seeking funds for duplex construction in Ranchi and has already acquired a land of 4 acres. We have acquired this land in partnership with the original land owner. We hold 66% ownership of the land and rest 34% is held by the original owner. The land is currently vacant and after raising funds, we will develop the plot, build a boundary, hand pump and construct a road.

The location of our land has good advantage as it's located next to 2 international schools and a hospital. We have already acquired the NOC certificate from the local government. Have the 3D layout design of the duplex houses ready with us and we plan to build a total of 104 duplexes. Each duplex will be sold at INR 60 lakh.

Founder has 6 years of experienced in this industry. Business owned assets include land of 4 acre and few laptop & furniture.

Products & Services Overview

Construction of duplex houses.

Facilities Overview
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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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