Listing Details : LB-22044

Asking Price 800 Crs
Turnover N.A
Legal Entity Private Limited
Category Real Estate
Sub Category Project Development
Business Listed By Business Broker

Overview

A large-scale under-construction mixed-use real estate project is available for acquisition, presenting an excellent opportunity for developers, investors, and hospitality groups. The project is spread across 11.25 acres of land, with approximately 8 acres already developed. Construction is around 70% complete, significantly reducing the time and effort required to bring the project to completion. The development includes two basement levels with a total built-up area of approximately 6.5 lakh sq. ft., a 275-room 4-star hotel, and around 300 retail and office spaces, making it a well-diversified commercial asset. The project has already secured two statutory approvals for the retail and hotel components, while the approval for the commercial office spaces is currently under process. At present, the property has been sealed by the Authorities due to pending tax liabilities, offering a potential value-acquisition opportunity for financially capable buyers. The promoters are seeking to sell the project due to financial constraints, making this an attractive investment for developers looking to complete and monetize a premium mixed-use development.

Year of Establishment

N.A

No. of Employees

N.A

Current Status of Business

Closed

Business Relocatable

No

Property Type

Owned

Property Value

N.A

Property Classification

Commercial

Describe Property

N.A

Competition / Market

High

Products & Services

Real-Estate Project Development

Growth Potential

Very High

Reason For Sale

due to financial issues

Financial Details

Contact Business