We are based in the Maldives and I am about to start a real estate development c

We are based in the Maldives and I am about to start a real estate development company. We would be taking this business proposal to banks and potential investors to raise capital.
Market conditions
– market rates 2 bedroom 16,000 – 18,000 (MVR) (700sqft)
– 1200 MVR per SQFT to build
– first project will be a 3000 SQFT serviced apartment
– bank interest rates (11-12%)
– equity portion 30% (what we’re looking for to pitch to investors, and office operation cost for one year)
– equity will be paid back within 1 year
We would like build the whole ecosystems for real estate, hence we would form individual companies for seperate functions.
Companies include:
Supplies, interior design (rendering), construction and real estate management.
Vision: our vision is to start with the first project in 2022 and eventually grow our portfolio enough to gain reputation to be able to develop resorts and take up goverment projects (5 year vision for the company)
please dont hesitate to

Leave a Reply

Your email address will not be published.