The project will be a premium project consisting of one Tower with 2-3 wings. The indicative price is between Rs. 18,000/= to Rs. 20,000/= per Sq.Ft of Built up area.
Kind of construction: A- CLASS, Residential Complex.
Original area approximate: 31060 Sq.Ft Carpet.
(Garden Area 5583 Sq.Ft.approx)
Proposed construction area: 63,271
The project will be developed as one of the finest project in the market, as the company will have possibilities of developing over 73,000 plus Sq. Ft. built up area, means after returning 38,825 Sq.Ft to the members, the company will retain almost 39,000 Sq.Ft. Super Built Up salable area.
The project will be a premium project consisting of one Tower with 2-3 wings. The indicative price as on date is between Rs. 18,000/ = to Rs. 20,000/= per Sq.Ft of Super Built up area. If the project sales is initiated after 1 year, every possibility that the 40% material can be sold @ Rs. 20,000 to Rs. 22,000 per Sq.Ft. (Super Built Up) by the time the project is complete with the world class amenities, it will be one of the most luxurious projects, and we expect that to establish the name of our company, as well as the developers, promoters and other participants in this project.
The project will have a variable cost, that will be available only after the final negotiations with the Society and construction contractors have been completed.
The best RCC work with excellent amenities for the residential structure will come at a maximum cost of INR. 1800/- per Sq.Ft. (We have calculated the cost with BMC approvals INR 2200/= per Sq.Ft. for calculation purposes) for built up area construction becuase the flats are required to be made with all basic amenities. For the existing members the cost will not be more than 1600/= per Sq.Ft. (The exterior of the building will be erected using world class materials and technologies).
For the new buyers, world class amenities will be provided, at a cost of 1900/= per Sq.Ft. Accordingly the average cost will be approximately INR 1750/= (Built Up) which includes the liaison cost, approvals, architectural plans, etc., as anticipated. Plus the TDR cost - 3000 per Sq.Ft, for 21,500 Sq.Ft.
The present TDR is available @ INR 2600.
The Company shall market the project directly, as well as through the reputed estate consultants active in the market. The company is also anticipating 15 % to 20 % flats will be purchased by the existing members, their relatives etc. The Company shall try and Launch the project at an appropriate time as well as promote the project in best possible ways, which will not only generate enquiries, but create branding for the project developers. Due to the location advantage the company is anticipating that, 50 to 60 % available stock / flats may be sold on the day of launch.
Exit Route to the VC Funder :
The Company shall acquire a Public Limited Company, Listed on BSE (Mumbai Stock Exchange) (Already Negotiated) Once the V C Fund is mobilized, the Company shall allocate 20 % shares stake to the V.C. Funds, and then Change Companies Main Object. The V.C. Funds can liquidate the Shares after 5 Years, as well as the Company shall offer a Buyback @ INR 25 per Share (providing 2.5 times minimum return.) and if the shares are quoted over and above the offered price, the VC Fund can liquidate it by placing it to private equity holders.
Interested investors can contact us on Merar.