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Residential Real Estate Construction Company Investment Opportunity in Mumbai, India

Mumbai based residential real estate construction firm seeking capital to complete a 184 flat project.
This transaction has concluded.

Established 10-20 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 1.1 million
Run Rate Sales USD 3 million
EBITDA Margin 18 %
Industries Residential Real Estate Construction
Locations  Mumbai
Local Time 4:05 PM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Partial Stake Sale
USD 3.6 million for 30.0% stake (Native Currency: INR 300,000,000)
Reason: The funds will be used to complete the current project by building the remaining 45 flats and comple... View More
Includes physical assets worth USD 2.4 million
Documents
Business Overview

- Engaged in the development of residential real estate.

- Have successfully completed 3 projects with 45, 41, and 75 flats respectively.

- Currently building a 184 flat project spread across 3,50,000 sq. ft. in Boisar, Mumbai.

- The project is ideally located close to the MIDC area and is only a few kms away from the nearest railway line and the nearest sea port.

- The project has 14 wings each built as a G+4 floor combination.

- The project is RERA compliant and 98 of the flats have already been sold out.

- Around 70% of the construction is complete and only 45 flats remain to be constructed in order to complete the project.

- We are expected to complete the project within 18 months of securing the investment.

- The land for this particular project is not owned by the business but we have a revenue-sharing agreement signed with the landlord under which we develop the land and in return receive the rights to sell 60% of the flats.

- We are not obligated to pay any lease amount to the landlord.

- Construction for the project has been outsourced to a local construction company and most of the firm's employees are sales staff.

- The business owns some of the real estate in the older projects which are the only physical assets owned by the business.

Products & Services Overview

Residential real estate construction.

Facilities Overview

Work out of a small rented office space in Mumbai.

Capitalization Overview
Not Disclosed
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
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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