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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 1-5 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Residential Real Estate Construction
Locations  Ranchi
Local Time 6:34 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 240 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 2.3 million
Interested to connect with advisors
Name, Phone, Email
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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

1,800 sq ft of office 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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