Project Name : Blue Bay Villas

No of villas: 6 Villas
Land extent: 4 grounds
Location: Vettuvankeni, ECR Road, Chennai
Plan Approval: CMDA
Land Cost: INR 4.4 crores .
Construction Cost: 4 crores
Promoters: Citymax Promoters and Developers, Chennai

Land owner directly register undivided share for buyers, now 2 buyers are ready. Land owner going to USA, so need to hold this land by register in promoter name.
So we are looking finance of 2.5 crores for hold this land.
For this finance we will give this same land as collateral. From 4 grounds 3000Sq.ft already register (2 Undivided share). So they will provide remaining land for collateral.
When the time of register remaining 4 undivided shares (3rd week of June 2012), Financier need to release the document from collateral.