JOINT VENTURE PROPOSAL

PROJECT LOCATION : PIMPRI (MAIN ROAD), NEAR GINGER
HOTEL, Opp. PCMC Building

AREA : 100,000 SQ. FT
(1.5 FSI for Hotel & Commercial Shops/Offices)

OWNER’S CONTRIBUTION : RS. 35.0 CR (100,000 SFT X 3,500/SFT)
(LAND COST)

INVESTMENT FROM J.V : RS. 35.0 CR
PARTNER
(INITIAL REQUIREMENT RS. 10 CR AND
BALANCE IN NEXT 15 MONTHS)

PROPOSED SIZE : HOTEL - 180 ROOMS (120 Rooms + 60 offices)*
And COMMERCIAL SHOPS*

CATEGORY : 4 Star with 5-Star Amenities & Facilities

MARKETING / : FOUR-STAR CHAIN
MANAGEMENT TIE-UP (Fortune / Four-Point Sheraton /
Marriot Courtyard etc.)

PERIOD OF COMPLETION : 3-1/2 YEARS

STATUS OF PLOT : PLAN IS COMMERCIALLY SANCTIONED
AND PLOT IS WITH CLEAR TITLE

* 60 OFFICES : To be leased out for 5/10 years and then to be
Converted into Rooms in future.

* SHOPS : Can be sold out or leased out
(Approx. saleable area = 40,000 Sq. ft.)
Average selling rate = 7,000 per sq. ft.

= Rs. 28.0 Cr.

* TOTAL INVESTMENT : Rs. 85.0 Cr.
* INVESTMENT FROM J.V : Rs. 35.0 Cr
* Balance Funds Required : Rs. 50.0 Cr

Balance Fund requirement of Rs. 50.0 Cr. To be met by :-



Option – 1

By Sale of Shops : Rs. 28.0 Cr.
Balance fund requirement : Rs. 22.0 Cr (Rs. 50 Cr. – Rs. 28.0 Cr.)

Rs. 22.0 Cr. To be equally / partially contributed by both Partners and balance to be
Arranged through Bank Loan.

Option – 2

If Shops are to be leased out, Fund required is Rs. 50.0 Cr in which case –

- Both Partners should contribute on 25:25 basis as equity
- To be arranged partly by equity contribution and partly by Bank Loan




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