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

Shimla
Proposal
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Industry

Real Estate

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Sub Industry

Residential Real Estate

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Open For Dilution

49 %

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Top Customer

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Ask

INR 39 Cr

Business Operation Information
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Business Documents