| al 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 the Dharuhera police station, in the HUDA Industrial area, Dharuhera (Dist Rewari) |
| Kind of Stress | The company became insolvent in 1982 and since then it has been 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 that 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 Liabilities | No other liabilities |
| 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 |
Deals, Haryana, Land, Land for Warehousing
LAND FOR WAREHOUSING
₹210.00
105 Acres, very huge front, access from the highway and 3 side open land. The land is located on the main road, just 30 minutes motorable distance from Gurgaon, Neemrana (Japanese City) , Rewari (main junction of DMRC) and just 10 minutes from Industrial hubs of Bhiwadi, Khuskhera & Bawal. Dharuhera itself is a major industrial hub of Haryana. The land thereby enjoys unparallel location advantage from logistics point of view, thereby it is ideal for warehousing.
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