BUSINESS BRIEF
The Entity is looking to raise funds worth INR 40 Crores for development of 250,000 square feet residential apartments (including Club house) in Shimla.
Key Investment Considerations:
- Project's cost: INR 123 Crores
- Total revenue generated: INR 225 Crores
- Landowner share: INR 60 Crores
- Developer revenue: INR 165 Crores - Area:
- 5 acres privately held land parcel in Shimla
- The location is easily accessible from Delhi, Chandigarh and other parts of North India via roads.
- Development Structure:
Joint Development (JD) basis and after completion, will be managed and serviced by a leading Hospitality Operator. - Project is proposed to be completed in 4 years from date of launch
Note: The project is located within municipal limits & is open to investment from all Indian Citizens
Current Status :
All approvals are in place including environmental clearance and the project is ready to start.
Business Divisions
ShimlaProposal
Industry
Real Estate
Sub Industry
Residential Real Estate
Open For Dilution
49 %
Top Customer
Ask
INR 39 Cr
Business Operation Information
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