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Residential Real Estate Construction Company Seeking Loan in Vijayawada, India

Real estate company seeks funds for a new residential project at Madhura Nagar, Vijayawada.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales USD 110 thousand
Run Rate Sales USD 140 thousand
EBITDA Margin 15 %
Industries Residential Real Estate Construction
Locations  Vijayawada
Local Time 3:42 PM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 120 thousand for 16.0% annual interest, 1 year (Native Currency: INR 10,000,000)
Reason: We have invested in other projects. Need funds to clear pending bills and work on a new project.
Collateral Available: USD 0
Includes physical assets worth USD 120 thousand
Documents
Business Overview

- Started the business in August 2020 and we were able to generate good revenue within 6 months.

- We were successful in completing projects even during the time of the pandemic.

- Completed various kinds of civil construction work on subcontractor terms.

- Starting the first own project for development and we require funds for initial investment.

- Project is in the initial stages. We have an agreement with the owner where he gets 30% of the profits.

- Land is 600 sq yards. The project will be done in 2 stages with 24 two BHK apartments.

- Business has no loans.

- Company has 2 directors with a 50% stake each.

Products & Services Overview

Construction.

Interiors.

Design consultation.

Home renovation and planning.

Assets Overview

Assets include land, machinery and equipment owned by the company.

Facilities Overview

Total extent 600 sq yards.

3 plots.

Stilt +4 proposed.

Total 24 flats.

The area of each flat is around 1,000 sq ft 2 BHK.

Capitalization Overview
Not Disclosed
Recent Activity
  • Earlier than 15 days
    Founder, Mumbai, Financial Consultant connected with the Business
  • Earlier than 15 days
    CEO, Visakhapatnam, Financial Consultant connected with the Business
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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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