Pushpendra Surana Managing Partner S. K. Surana & Co. would like to share an investment opportunity in Indian Real Estate market, following is the detail:
a. A mid-sized Real Estate Group involved in construction and development of residential dwellings (Group Housing) in the high valued Delhi NCR (national Capital Region) Market.
b. First Company of the group was established in 2006 and three more have been added to the stable. All are family owned companies.
c. Since incorporation the Group has successfully delivered more than 580 dwellings in the region. Another 770+ dwellings under the development phase.
d. The mission of the Group is customer satisfaction and therefore they take one project at a time instead of doing of many projects simultaneously and ending up with nothing, as has been the case of loss of real estate projects in India and in particular the Delhi-NCR region.
e. Now they have come up with a project of 1620 dwellings.
f. The project has been launched and is slated to be completed in 42 months’ time from now on.
g. Project is already a hit as there have been already 25% of the project has been pre-booked with only plinth preparation part underway. This also is an aberration to the current slowdown in the India Real Estate Market.
h. The USP of the project is :
• The project being on the prime surroundings, surrounded by all social infrastructure ( renowned Shopping malls, schools, hospitals, Gas Stations, engineering and other colleges, Metro rail, National highway, interstate bus station, Railway station)
• It offers 40 storey buildings, the only project with such approved high rise towers in the entire belt where the group operates.
• The projects uses Aluminium Formwork, first in this region
• The size of the plot being more than 20,000 meters or 5 acres, No other group housing plot available of such size
• All the approvals obtained for Land; Land Registration in Company name
i. Now about the financial part
• Expected Revenue/ Turnover from the project US$ 285 million approx.
• Till date more than US$ 10 million already received from customers as advance booking money
• Current Market value of the land piece US$ 70 million
• Borrowing for the project US$ 31 million
j. The project is under a separate Company and it is compliant of the FDI (Foreign Direct Investment) Rules of Government of India.
The group has given its green signal for arranging funding through the FDI route. In case you find it relevant and feel that members of the Real Estate Group will be interested in the proposal, then please let me know.
This Group’s promoters are very particular about their brand hence I have shared the information without giving any names. The same will be shared at appropriate level.
Please contact Pushpendra for further information.
+ 91 98997 99041