Description
| Deal No | LA-3 |
| Business Domain | Land |
| Sub-Domain | Land for Warehousing |
| Geographical Location of Asset | Dharuhera (Haryana) |
| Address of Asset | On the main Delhi-Jaipur Highway, right opposite to the Dharuhera police station, in HUDA Industrial area, Dharuhera (Dist Rewari) |
| Kind of Stress | The company became insolvent in 1982 and sicne then it is in liquidation |
| Reason for Stress | The financial closure of the project was faulty. |
| Price Range/Ticket Size | Rs 210 Cr |
| Debt | Rs 60 Cr |
| Value of Associated Real Estate | Rs 300 Cr |
| Financials | The asking price of the land by the management is Rs 2 Cr per Acre.
Considering that the price of land which is not on the highway is also trading at Rs 2.5 Cr/Acre, the asking price seems to be reasonable, but we are of the opinion that if the buyer consortium has ready cash and is legally creative then the asset could be acquired for even Rs1.5Cr/Acre. |
| Details of Secured Creditors | The secured creditors have mostly assigned their debt to an NBFC |
| Litigations | The company is in liquidation before the Hon’ble Punjab & Haryana High Court. |
| Details of Other Liablities | No other liablities |
| Additional Information | For Premium Members Only |
| Ways to unlock potential | For Premium Members Only |
| Exit Strategy | For Premium Members Only |
| Name of Owner | For Premium Members Only |
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