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Newly Established Residential Real Estate Seeking Loan in Chennai, India

Residential real estate company seeks funds to build town houses in South Chennai.

Established 0-1 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Residential Real Estate
Locations  Chennai
Local Time 5:18 AM Asia / Kolkata
Listed By Business Owner / Director
Status Recently Active
Overall Rating
Seeking Loan
USD 60 thousand for 5.0% annual interest, 1 year (Native Currency: INR 5,000,000)
Reason: Require funds for project completion.
Collateral Available: USD 0
Name, Phone, Email
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Business Name
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User Verification
Documents
Business Overview

- Residential real estate company focusing on bringing the USA-style townhouse concept to India, a first in the market.

- Ongoing hospital project valued at INR 50 lakhs.

- Residential project underway with designs finalized, featuring independent villas.

- Projected timeline for completion of current projects is 6-8 months.

- Identified a 1,000 sq. ft. land parcel in South Chennai for development.

- Promoters bring 25 years of experience in the real estate industry.

- Recently relocated headquarters to Chennai, originally incorporated in Sivakasi.

- All necessary legal and regulatory compliances such as GST and incorporation licenses have been obtained.

Products & Services Overview

Residential real estate company focusing on bringing the USA-style townhouse concept to India.

Assets Overview

The company doesn't own any significant physical assets.

Facilities Overview

Office in West Chennai.

Rent per month is INR15k.

Sq ft area of 300.

Capitalization Overview

2 shareholders.

No loans or debts.

Self funded operations.

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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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