- Country: India
- Industry: Real Estate
- Stage: Start-up
- Investment size: $200,000 / min. $200,000
This project is to construct apartments in the North side of Kanpur city for middle class citizen. The apartments are for the middle class that has enough cash/finance tools to buy them. The appartments will have all the amenities.
We aim to construct apartments for the middle class with modern amenities.
We aim to finish the project in 36 months.
Our city of 5.5 million people requires 100,000 houses each year and always there is shortage of new homes. That is why immediately after any project is launched, all the homes are booked and then prospective buyers have to wait 24 to 36 months to get the possession.
Since profits are high in this field, return for the investors is also very high and more importantly since there are no credits in this industry, investment of investor is 100% safe in the form of finished apartments.
We have to start up the investment project. Land has been already identified.
Interested investors can establish contact with us on Merar.
We aim to sell apartments at competitive prices in comparison to other projects in the vicinity.
Our rates will be 30% less in comparison to projects in the heart of city, though our site is just 7 km away from their projects.
Since this site is a little away from concrete jungle, it has advantage as it is in a more open space.
This advantage is sustainable as we are already 30% lower in prices & if other competitors strike in this area they have to compete with us.
Rationale for the deal
The opportunity in this field is great since there is always shortage of quality homes.
Profits are great in this field hence there are equal opportunities for both parties, i.e. investor & developer.
Other market players are making handsome profits in this field.
Use of financing
Investment is required to purchase land & construct high-rise apartment. Total revenues from this project are expected to be around 50 Million, hence project requires finance.
Total investment required is in the beginning in one go.
We aim to start repayment from 25th month & loan will be repaid within next 12 months.
Looking for similar investment opportunities