Nothing is builtPre-constructionConstruction carries cost, programme and delivery risk, and none of it is insured away.
How the land is heldDiligence complete · title not yet verifiedSlowSpace brand. The land is on a registered sale deed of 21 June 2024 in the founders' names, and is to be contributed to the partnership at the founders' figure; no valuer has reported. A bank loan of up to ₹10 Cr is applied for and not sanctioned; the sanction follows the title report and the valuation.
Debt ranks ahead of you₹8.36 CrThe loan is applied for, not sanctioned. Interest-only for the 18 months of the build, then 120 level monthly instalments. Cover of 1.20 times on debt service, proposed.
Your capital is lockedNot yet setProposed: a right of first offer to the other partners; counsel to settle
No yield is statedNot statedNo revenue has been observed, and what reaches a partner is whatever remains after every tier ahead of them.
Open items on the record6Each is on the estate's record, with what will close it.