Required is a partner for a Real Estate development company who can invest in land purchase. Investment would be Rs. 4000000 (USD 74766). Rs. 6000000 (USD 112149) will be paid back on project completion.
I require a partner to establish a real estate development company who can invest in the purchase of land. The land plot size would be 5000 sq. ft. and the investment would be Rs. 4000000 (USD 74766). The land will be used as site for development of residential flats which will be all sold out. Time taken in completion of the project will be less than 1 year as land for site is already identified.
I have done advertisement for the sale of flats and booking will be complete upon setting up of the company and purchase of the development site. So no further investment for construction or else is required. All the cost of construction will be met out from the amount received from the sales of flats. Just land and registrations required. Project will be pre-approved by banks.
Approximately Rs. 9000000 will be the immediate profit from sale of the flats. Will make a payback of 6000000 (USD 112149) to the investor, that is half more than the amount initially invested. Open to provide long term royalty as a silent partner in the development firm.
All the amounts related to return that are mentioned here have been kept conservative. Gains can be much higher but not less than what has been said here. The profit calculated above is based on the current sale price of flats in the said area. There will be a definite appreciation in the rates by the time project completes and buyers too would reap the benefits of that.
Have already run an advertisement for the sale of such flats and booking will be complete upon setting up the company and purchase of the development site. Amazing location of the land is added advantage.
The location of the land for the development site is efficient for the buyers to invest in flats as they will get good rental returns. Continuous appreciation of real estate is the benefit too.
Money will be used for purchase of land for the site and formation of the real estate development firm.
12% annual interest on the amount of investment. Payback will be Rs. 6000000 (USD 112149) in 2 years. Investment is free from risk as immediate value of the land will cover for the amount invested. Open to provide long term royalty as a silent partner in the development firm.