Residential Real Estate Construction Company Seeking Loan in Kolkata, India

Kolkata based conglomerate engaged in real estate, education, coal & TMT trading.
This Business is on a Premium Plan
Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 50 million
EBITDA Margin
30 - 40 %
Locations
Local Time
3:17 PM Kolkata
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Loan
USD 1.4 million for 18.0% annual interest, 3.0 years (Native Currency: INR 100,000,000)
Reason: Development of project.
Collateral Available: USD 1.4 million
Includes physical assets worth USD 56 million
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
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
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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