Construction Business Raising Funds In Visakhapatnam
About Business
The business is a real estate development venture planning to develop a gated residential community in Visakhapatnam. The promoters have completed nearly nine real estate projects since 1998, demonstrating extensive experience in residential development.
The project is planned on approximately 2.5 acres of land, which has already been acquired. All the necessary government approvals have been secured, and the business has also applied for a project loan to support the development.
The total estimated project cost is INR 120 crore. To bridge the funding requirement, the business is seeking to raise INR 20 crore through debt from investors while continuing discussions with financial institutions for the remaining project financing.
The venture is led by the Managing Partner, who holds a Bachelor's degree in Architecture and a Master's degree in Urban and Regional Planning. As part of the family-owned business, the Managing Partner has been actively involved in the company since 2019, contributing to project planning, execution, and overall business operations.
Clientele type
They will sell the houses to home buyers.
Premises
The land is 2.5 acres.
Asking Price Includes
The terms of the transaction will be discussed with potential investors.
Reason
They are raising funds to start the construction.
Keywords
Business Tags
Fundraising for ₹10 Cr – 500 Cr
Confidential Process Completed in 120 Days
Strategic Preparation, Aligned Investor Outreach and Seamless Closure
Supported by Advisors with 26+ Years of Experience