LALBAUG J.V PROPOSAL
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This document presents a project report for the J.V Lalbaug property. The plot is near Ashoka tower in Mumbai and is currently vacant as the owner has paid tenants to leave. The report outlines the property details, terms of the joint venture which include the owner bearing construction costs and the partner providing a 15 crore deposit. It calculates that constructing residential units on the 500 sqm plot with a FSI of 3 could yield a net profit of 25.3 crore based on construction costs of 6 crore and sales revenue of 42.38 crore. Payment terms and the process for issuing letters of interest and drafting agreements are also specified.
LALBAUG J.V PROPOSAL
- 1. SHRI RENUKA INFRASTRUCTURES, E-mail deshpande.wasu@gmail.com, Mob No. +919833103638 SHRI RENUKA INFRASTRUCTURES PRESENTS PROJECT REPORT OF J.V LALBAUG
- 2. SHRI RENUKA INFRASTRUCTURES, E-mail deshpande.wasu@gmail.com, Mob No. +919833103638 -: Brief Property Detail :- The plot is near to Ashoka tower. This is CESS Property. The owner has made payment to the tenants and the building is vacant. -: J V Terms & Condition :- Area 50/50 sharing IOD,CC & premium cost to be borne by land owner. 11 Cr. Non refundable deposit & 4 Cr refundable deposit. -: Area Calculation :- Total PlotArea :- 500 sq mtr FSI :- 3 Total Carpet Area :- 16146 sq ft Total Residential Sale Area :- 24219 sq ft. Total Construction Cost (24219 sq ft X 2500 rate):- 6 Cr. Total Revenue (50% of Residential sale area X 35000/- rate): - 42.38Cr. NET PROFIT OF PROJECT 25.3 Cr. -: Payment Terms :- <> 50% on MOU <> 25% on IOD <> 25% on CC -: Mode of Process :- Letter of interest needs to be issued for a meeting with the owner & document verification. Followed by issuance of offer letter and MOU draft copy.
- 3. SHRI RENUKA INFRASTRUCTURES, E-mail deshpande.wasu@gmail.com, Mob No. +919833103638 THANK YOU PLEASE FEEL FREE TO CONTACT US FOR ANY ASSISTANCE . Regards, Wasu A. Deshpande (DARA) Shree Renuka Infrastructures . mobile : +91 98 33 10 36 38 E-mail : deshpande.wasu@gmail.com Please visit http://in.linkedin.com/pub/wasu-a-deshpande-dara-%E2%9C%94/89/336/b92/ Please follow us on https://twitter/Dara_Wasu