Offered you partnership in the new
proposed project. The total investment invited by the J.V. Partner is 30
Crore
The project details are attached here
with.
Township on main Ajmer Road: Inviting project partners
Location:
The proposed project is at 37 km. stone from Jaipur city on Jaipur-Ajmer
expressway, NH8 besides our existing 104-acre land having 2300 ft
expressway frontage. Following are some of the developments in its
vicinity:
- Sunshine city, a township by MIV land
developers of Delhi, is being developed right opposite to this site.
The ongoing price is Rs. 3500/ sq. yds & has already been
pre-launched.
- Next to this land is Panchsheel Park
Colony in 800 bighas in which plots have been pre launched for Rs.
2000 to 2500 per sq. yds.
- Grass Field has 2000-bigha land which
is 4 km ahead of this site.
- Mahindra & Mahindra’s special
economic zone (SEZ) is 6 kms before this site.
- Townships of several developers like
Omex, Vatika, Sachivalaya City, Amrapali, Rajdarbar, Milange, Piyush
and others are coming up on this road. The area is being developed on
the lines of Greater Noida and is in the making of being the IT hub of
Jaipur.
Project: 360 bigha-integrated township
60 bigha, out of our 165 bigha is transferred to the project by 1st
partner that is us its cost 60 X 40 Lacs = 24 CR.
30 CR is invested by the 2nd partner. 24
CR investment in co. & 6 Crores interest free deposit to us refundable
from the sale of project receipt from our share.
About 300-bigha land is available in
vicinity at the average price of 15 lacs/ bigha including registration
will be bought.
As we have land in hand, pre launch can
be started immediately.
Estimated returns
· Purchase of 300 bigha = 300 X 15 = 45 CR.
· Selling area of 360 X 60% land = 216 bigha
· Selling cost 216 X 3025 Sq. yards @ 100 Rs. Sq. yards = 6.53 CR.
· Development cost 360 X 3025 Sq. yards
10.8 lac sq @ 100 i.e. 3 lacs per bigha = 10.80 CR.
· C.L.U. change 100 Rs. Sq. yards = 6.53 CR.
3 lac per bigha
Total expenditure = 68.86 CR.
Receipt:
Deposit by 2nd J V partner 30 CR.
Pre launch sale 50% land at 2500 Rs. sq. yards.
= 326700 sq. yards X 2500 = 81.67500 CR.
1st installment receipt 30% = 24.50 CR.
Sale at launching 326700 X 3500 = 114.345
Total receipt by sale = 196.02
expenditure = 68.86
------------------
127.16
investment of both partners refund 48.00
------------------
79.16
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Gross profit to both partners will be 79.16 in approximate 2 years. Each
partner gets about 40 C R on investment of 24 CR i.e. 83% per year.
Risk Factor:
The only risk in the project is delay in
getting permission from collectors’ office (i.e. CLU change). In case
the project is delayed, the partners will loose interest, which will be
compensated by increase in land sale price.
Other details:
Total investment desired from project partners is Rs. 30 crores.
The promoter of company is an engineering graduate from Birla Institute
of Technology and has won the prestigious Indira Gandhi Priyadarshani
award from the Indian Prime Minister, Dr. Manmohan Singh, for
extraordinary social service.
Being an entrepreneur since 1976, he is
a reputed name in the business community of Jaipur. Since 1976 earned
good reputation in the field of Air-conditioning business and now for
more than a decade has been in the business of garment & accessories
exports. The company exports to leading fashion stores of US, UK,
France, Italy and Spain. His son, is the project co-promoter has done B.
Tech and M. Tech in Computer science from IIT Delhi.
The promoter owns the 104-acre land on main road.
