Residential Real Estate Construction Company Seeking Loan in Kolkata, India

1. Location: The business operates in the residential real estate construction industry in Kolkata, a city with a growing demand for affordable housing.
2. Project portfolio: The business has successfully completed 10 projects in the Maheshtala and Budge Budge areas, showcasing a track record of experience and expertise in the local real estate market.
3. Target Market: The company primarily targets higher LIG (Lower Income Group) and MIG (Middle Income Group) clients, offering affordable 2 and 3 BHK flats. Higher LIG refers to families with an annual income of INR 5 lakh to 6 lakh.
4. Pricing strategy: The business follows a competitive pricing strategy, with 2 BHK flats selling at INR 25 lakh and 3 BHK flats priced between INR 35-45 lakh, making them attractive to their target customer segments.
5. Ongoing projects: With 2 projects of 30,000 sq. ft. each in hand, the company has an estimated development value of INR 6 crore, indicating ongoing growth and expansion within the market.
6. Business model: The company forms partnerships with landowners to construct apartments, sharing the flats upon completion and subsequently selling their share to generate revenue, demonstrating a collaborative and revenue-generating approach.
7. Legal standing: The business is registered under the MCA, and our buildings have been sanctioned by the municipal authority and have fire department clearances.