Need help?

Residential Real Estate Construction Company Seeking Loan in Paralakhemundi, India

Residential building project of eight 2BHK units seeks funds to acquire land and kickstart construction.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Residential Real Estate Construction
Locations  Paralakhemundi
Local Time 7:04 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 290 thousand for 9.0% annual interest, 9 years (Native Currency: INR 25,000,000)
Reason: Funds are needed to acquire the land and commence construction of the project. The promoter has 2.5... View More
Collateral Available: USD 1.05 million
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Business Overview
- Nascent construction company with a residential real estate construction project.
- A land plot of 2,700 sq. ft. has been identified in a posh location in our town.
- Project details:
• Land plot 2,700 sq. ft.
• Built-up area of 8,775 sq. ft.
• Stilt + 4 floors.
• 8 units of 2 bedroom flats.
• Facilities like water facility, lift, steps, security, car parking, and power back up included.
- The land will be acquired after we receive funds of INR 2.4 - 2.5 crore.
- Customers are lined up, they will pay the booking amount once the land is acquired and we get the necessary approvals.
- This project is being undertaken by a newly incorporated private limited entity.
- This entity has two shareholders in a 60:40 shareholding pattern and no liabilities.
Products & Services Overview
Residential real estate construction, undertaking small-scale urban projects.
Assets Overview
No physical assets are owned by the company right now.
Facilities Overview
The company's registered address is in Gajapati but the leased headquarters are in Paralakhemundi and the project will also be in Paralakhemundi.
Capitalization Overview
Not Disclosed
Recent Activity
  • Earlier than 15 days
    Founder, Mumbai, Financial Consultant connected with the Business
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
1 Investor already contacted this Business. Register below to connect now!
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.
You might also be interested in these businesses
    Frequently
    Asked
    Questions
    • Why can’t I see the business’ name or contact number? How do I contact the business?
    • What level of due diligence does SMERGERS conduct on the businesses/member?
    • How active are the business profiles listed on SMERGERS?
    • How does SMERGERS rate business profiles?
    • Do I need to pay to connect with a business?
    • Show more