Residential Real Estate Construction Company Seeking Loan in Chennai, India

Residential real estate developer in Chennai, seeking funds for 2 ongoing projects.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales USD 320 thousand
Run Rate Sales USD 640 thousand
EBITDA Margin 20 %
Industries Residential Real Estate Construction
Locations  Chennai
Local Time 1:11 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 700 thousand for 15.0% annual interest, 3 years (Native Currency: INR 50,000,000)
Reason: Working capital for completing on-going projects and potential new projects.
Collateral Available: USD 0
Includes physical assets worth USD 40 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview

- We are a residential real estate construction company based in Chennai.

- Have completed 2 projects so far and we have 2 ongoing projects in Anna Nagar.

- For our projects, we obtain permission from the landowner, construct and develop the property, and then promote and sell it.

- Our current projects will bring in a revenue of about INR 4.8 crore.

- The expected duration for completion of a project is 15-18 months.

- Have 5 permanent employees and 20+ contract staff for on-site work.

- Our revenue has grown since we only received 1 project last year, but we already received 2 projects this year and are expecting more projects.

- Directors have more than 15 years of experience and have completed 100+ medium level projects within Chennai city with a good reputation.

Products & Services Overview

Residential real estate development, flat promotion, joint venture, construction.

Facilities Overview

Rented office of 1,000 sq ft for INR 25,000 per month.

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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