Residential Real Estate Seeking Loan in Kolkata, India
100+acre integrated township in Kolkata, India with international school needs funding for its speedy development.
Premium Plan
| Established | 20-30 year(s) |
| Employees | 50 - 100 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 10 - 20 million |
| Run Rate Sales | USD 20.5 million |
| EBITDA Margin | 20 - 30 % |
| Industries | Residential Real Estate |
| Locations | Kolkata |
| Local Time | 8:56 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
2.85 million
for
15.0%
annual interest,
5
years
(Native Currency: INR 250,000,000)
Reason: Speedy development of the mass housing project of the company.
Collateral Available: USD 2.85 million
Includes physical assets worth
USD
2.85 million
Interested to connect with advisors
Documents
Construction and Handover Status
(1.0 MB)
ROC-Verification.pdf
(66.8 KB)
Business Overview
- Kolkata-based construction company that started its real estate venture 4+ years ago and is currently developing one of the fastest-selling residential projects in Kolkata, India.
- We only construct townships and its inside amenities.
- Construction company with 75 full-time employees and contractual labour are used for the construction of the projects.
- Currently working on a mass affordable housing project in Kolkata, India which will have 3,000+ flats & 1,000+ bungalows on 100+ acre land with all modern infrastructure.
- Project will have 1 BHK/2 BHK/3 BHK apartments and 3 BHK/4 BHK bungalows for LIG (Low Income Group) & MIG (Middle Income Group) people.
- All modern facilities and amenities.
- Club, school, college, hospital, bank, market, and entertainment zone are all adjacent to the project.
Present status:
- Land acquisition of 85+ acres has been completed.
- Phase 1: Sanction received from statutory authorities. Sales launched 4 years ago. Entire 610 units (540 flats & 70 Bungalows) sold in less than 10 months. Construction work is in full swing. Part handover started; Complete handover by December of this year.
- Phase 2: Sanction received from statutory authorities. Sales launched 3 years ago. 806 units (708 flats & 98 bungalows). Around 700+ bookings in 18 months. Construction work is in full swing. Handover by December next year.
- Phase 3: Sanction received from statutory authorities. Sales launched 2 years ago. 519 units (519 bungalows). Around 300+ bookings in 24 months. Construction work is in full swing. Handover by March two years from now.
- Phase 4: Project planning under progress (final phase). Sales are to be launched by the mid of next year. Construction work is to start by the end of next year. Handover by December four years from now.
- We only construct townships and its inside amenities.
- Construction company with 75 full-time employees and contractual labour are used for the construction of the projects.
- Currently working on a mass affordable housing project in Kolkata, India which will have 3,000+ flats & 1,000+ bungalows on 100+ acre land with all modern infrastructure.
- Project will have 1 BHK/2 BHK/3 BHK apartments and 3 BHK/4 BHK bungalows for LIG (Low Income Group) & MIG (Middle Income Group) people.
- All modern facilities and amenities.
- Club, school, college, hospital, bank, market, and entertainment zone are all adjacent to the project.
Present status:
- Land acquisition of 85+ acres has been completed.
- Phase 1: Sanction received from statutory authorities. Sales launched 4 years ago. Entire 610 units (540 flats & 70 Bungalows) sold in less than 10 months. Construction work is in full swing. Part handover started; Complete handover by December of this year.
- Phase 2: Sanction received from statutory authorities. Sales launched 3 years ago. 806 units (708 flats & 98 bungalows). Around 700+ bookings in 18 months. Construction work is in full swing. Handover by December next year.
- Phase 3: Sanction received from statutory authorities. Sales launched 2 years ago. 519 units (519 bungalows). Around 300+ bookings in 24 months. Construction work is in full swing. Handover by March two years from now.
- Phase 4: Project planning under progress (final phase). Sales are to be launched by the mid of next year. Construction work is to start by the end of next year. Handover by December four years from now.
Products & Services Overview
On 100+ acre land developing around 4,000 nos. of 1 BHK, 2 BHK, and 3 BHK size properties (apartments & bungalows) since September five years back. 2,000+ units sold and construction work is in full swing with deliveries starting from July last year in tranches.Other amenities in the township:
- Lifestyle club.
- Indoor & outdoor sports facilities.
- All modern facilities and amenities.
- Schools and colleges.
- Convenience stores.
- Medical facilities.
- Market.
- Transportation facilities to nearby Joka & Thakurpukur Metro stations.
Assets Overview
85-acre land with a market valuation of appx. INR 275 crore. 1.00 lacs sq ft school on 5-acre land with appx. valuation of INR 75+ crore. 4 buildings of appx 1.25 lac sq ft on appx. 3-acre land having appx. valuation of INR 50+ crores.The company and its sister concerns own all the above-mentioned assets. The value of assets owned by this specific entity is more than INR 25 crore. However, for this loan, we will keep INR 25 crore worth of these assets as collateral.
Facilities Overview
4,000+ flats and bungalows on 100+ acres in Kolkata, India with all modern facilities and amenities. The entire township is coming up 20km south of Kolkata in Thakurpukur.
Capitalization Overview
- The project is majorly funded from self and customers' funds.- There is a small term loan having an outstanding of INR 20 crore from the bank and an NBFC. This was to purchase some construction equipment and meet the working capital requirements.
- The ownership of the project and its assets is with this entity and its sister concerns. The entity does not own the flats that have already been sold.
Recent Activity
-
Earlier than 15 daysIndependent Advisor, Chennai, Financial Consultant connected with the Business
-
Earlier than 15 daysIndividual Investor, Bengaluru, Financial Consultant connected with the Business
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