Unique Construction Startup Raising Funds In Bangalore
Product / Service
Develop resort sites through joint ventures, sell cottages with 5-star amenities, lease the sold cottages, and run the operations.
Clientele type
Middle-income group, IT youth for Membership. NRI's and IT for cottage sale
Premises
Office in Central Bangalore.
Asking Price Includes
They are offering 45% shares for INR 2.5 crores and a 12% interest for a debt of INR 5 crores, for which the land will be registered.
Asking Price
INR 7.50 Cr
Minimum ticket size
INR 7.50 Cr
Reason
Funds are needed for the first three years for working capital, marketing, and land development for various sites. The land can either be acquired through joint ventures or purchased outright.
Other Details
The team consists of a sales specialist, an architect, an engineer, and a finance specialist, all with an average of over 20 years of industry experience.
Initial sites are proposed at Wayanad, Kabini, Coorg, and Munnar.
Keywords
Business Tags
₹10 to ₹200 Cr
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