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Residential Real Estate Construction Company Seeking Loan in Kolkata, India

Kolkata based conglomerate engaged in real estate, education, coal & TMT trading.
This transaction has concluded.
This Business is on a Premium Plan
Established 20-30 year(s)
Employees 50 - 100
Legal Entity Private Limited Company
Reported Sales USD 20 - 30 million
Run Rate Sales USD 43 million
EBITDA Margin 30 - 40 %
Industries Residential Real Estate Construction
Locations  Kolkata
Local Time 5:18 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 1.2 million for 18.0% annual interest, 3 years (Native Currency: INR 100,000,000)
Reason: Development of project.
Collateral Available: USD 1.2 million
Includes physical assets worth USD 50 million
Interested to connect with advisors
Documents
Business Overview

- Kolkata based construction company that started operations in 1996.

- Working on a project currently: affordable mass housing project in Kolkata which will have 10,000+ flats & 1,500+ Bungalows (2018 - 2028) on 200+ acre land.

- Stage 1 - 2500+ flats & 500+ bungalows (2018-2023)

- Stage 2 - 5000+ flats & 750+ bungalows (2021-2026)

- Stage 3 - 2500+flats & 250+ bungalows (2024-2029)

- Project will have 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, Entertainment zone all adjacent to the project.

Present Status:

- Land acquisition of 75+ acres have been completed.

- Stage1: Phase - 1 Sanction received from statutory authorities. Selling launched in November 2018. Entire 610 units (540 flats & 70 Bungalows) sold in less than 6 months. Construction work started. Handover by December 2020.

- Stage1: Phase - 2 Sanction received from statutory authorities. Selling launched in July 2019. 871 units (720 flats & 151 Bungalows). Around 200+ booking in 2 months. Construction work will Start from November 2019. Handover by December 2021.

Stage1: Phase - 3 Project Planning under progress. Selling to be launched by January 2020. Construction work to start by April 2020. Handover by December 2022.

Stage1: Phase - 4 Project Planning under progress. Selling to be launched by October 2020. Construction work to start by December 2020. Handover by December 2023.

Products & Services Overview

- 1 BHK, 2 BHK, 3 BHK, Bungalows,

- Indoor & Outdoor facilities.

- All modern facilities and amenities.

Facilities Overview

10,000+ flats and 1,500 Bungalows on 200+ acre land.

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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