CLIENT"" has acquired a piece of land near Gurugram HR and wants to develop it as a residential building having 50 flats of 900 sq. ft each.
They are expecting to sell the flats at a rate of Rs. 4000 / sq.ft. The expected CapEx is Rs. 8 Crore and OpEx is Rs. 50 Lacs / per annum for the whole project.
They are seeking a non-recourse debt (project financing) with 70:30 as D/E ratio from leading commercial banks in India as a 12 years term loan.
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