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Residential Real Estate Construction Business Seeking Loan in Sankarankovil, India

Constructs residential houses and apartments in Tamil Nadu, seeks funding to construct budget houses.

Established 10-20 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 200 - 300 thousand
Run Rate Sales USD 240 thousand
EBITDA Margin 0 - 10 %
Industries Residential Real Estate Construction
Locations  Sankarankovil
Local Time 1:30 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 113 thousand for 10.0% annual interest, 7 years (Native Currency: INR 10,000,000)
Reason: This funding would be used for constructing 3-4 small budget houses.
Collateral Available: USD 113 thousand
Includes physical assets worth USD 5.7 thousand
Interested to connect with advisors
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Business Name
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Business Overview
Firm is into construction of residential houses and apartments and we have completed more than 48 projects in Tamil Nadu. Currently working on 17 on-going projects. Seeks funding for constructing small budget houses of approx INR 15 lakh targeting the lower income segment. We will construct these individual houses on a 500 sq ft land and then sell it to them. Have identified 3-4 different locations in Tirunelveli and Sankarankovil to start the construction.
Our firm has head office in Sankarankovil and have 2 branch offices in Palayamkottai and Puliyangudi respectively. Business owned assets include few laptops, furniture and systems. Proprietor has 25 years of experience in this industry.
Products & Services Overview
Construction of individual houses, duplex houses, commercial complex, and apartments.
Facilities Overview
Head office of 300 sq ft on rent. Have two branch offices in Palayamkottai and Puliyangudi respectively which are also 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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