Residential Real Estate Construction Company Seeking Loan in Kolkata, India

Kolkata based construction company currently developing one of the fastest-selling residential projects of Kolkata.
This Business is on a Premium Plan
Established
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 40 million
EBITDA Margin
30 %
Locations
Local Time
10:59 PM India
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Loan
USD 700 thousand for 20.0% annual interest, 2 years (Native Currency: INR 50,000,000)
Reason: Speedy development of the mass affordable housing project in Kolkata.
Collateral Available: USD 700 thousand
Includes physical assets worth USD 60 million
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Business Overview

- Kolkata based construction company that started its real estate venture successfully in 2018 and is currently developing one of the fastest-selling residential projects of Kolkata.

- Working on a project currently: affordable mass housing project in Kolkata which will have 10,000+ flats & 1,500+ bungalows (2018 - 2030) on 200+ acre land.

- Stage 1 - 2,500+ flats & 500+ bungalows (2018-2023)

- Stage 2 - 5,000+ flats & 750+ bungalows (2021-2026)

- Stage 3 - 2,500+flats & 250+ bungalows (2024-2030)

- Project will have the construction of 1 BHK / 2 BHK / 3 BHK and bungalows for LIG (Low Income Group) & MIG (Middle Income Group) people.

- All modern facilities and amenities.

- Club, school, college, hospital, market, and entertainment zone all adjacent to the project.

Present Status:

- Land acquisition of 75+ acres has been completed.

- Stage1: Phase - 1 sanction received from statutory authorities. Sales launched in November 2018. Entire 610 units (540 flats & 70 Bungalows) sold in less than 8 months. Construction work has started. Handover by December 2021.

- Stage1: Phase - 2 sanction received from statutory authorities. Sales launched in November 2019. 871 units (720 flats & 151 bungalows). Around 475+ booking in 8 months. Construction work started in November 2019. Handover by December 2022.

Stage1: Phase - 3 Project planning under progress. Sales to be launched by October 2020. Construction work to start by April 2021. Handover by December 2023.

Stage1: Phase - 4 Project planning under progress. Sales to be launched by October 2021. Construction work to start by December 2021. Handover by December 2023.

Products & Services Overview

- 1 BHK, 2 BHK, 3 BHK, bungalows.

- Indoor & outdoor facilities.

- All modern facilities and amenities.

- Schools and colleges.

- Convenience stores.

- Medical facilities.

- Market.

- Transportation facilities to nearby Metro stations.

Assets Overview
Facilities Overview
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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