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Residential Real Estate Construction Company Seeking Loan in Bhubaneswar, India

New residential construction company with 2 projects signed seeks funds for construction.

Established 1-5 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Residential Real Estate Construction
Locations  Bhubaneswar
Local Time 2:00 PM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 60 thousand for 15.0% annual interest, 3 years (Native Currency: INR 5,000,000)
Reason: We require funds for our ongoing projects.
Collateral Available: USD 12 thousand
Includes physical assets worth USD 60 thousand
Name, Phone, Email
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Business Name
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User Verification
Documents
Business Overview

- Company engaged in the construction of residential apartments in Bhubaneswar.

- We sign agreements with owners of property for the construction of buildings and give them a share in the apartments.

- Experience of 10+ years in construction for promoters.

- This is a new entity, hence this is our first project.

- Current projects include two residential projects with 55 and 75 units.

- Projects have received RERA approval and adhere to GST regulations.

- Projects are undertaken in both the south and north regions of Bhubaneswar.

- Formal agreements are in place with property owners for ongoing projects.

- The estimated completion time for projects is set at 3 years, ensuring timely delivery.

Products & Services Overview

Company engaged in the construction of residential apartments in Bhubaneswar.

Assets Overview

Assets include:

Office furniture, fixtures, and equipment.

Facilities Overview

Office located in Saheed Nagar Bhubaneswar.

Sq ft area of 1,500.

Rent per month is INR 25k.

Capitalization Overview

Shareholders are 2.

No loans or debts.

Self funded operations.

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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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