Joint Venture Proposition with Investor/Co-developer

1. Name of the SPV

M/s. Renaissance Indus Infra Private Limited

2. Company Location &

Registered Address

Jayant Arcade, Second Floor, Rajawadi, M.G. Road, Ghatkopar (E), Mumbai
400 077.

3. Type of Project

Development of Industrial Infrastructure; Integrated Warehouse, Industrial

Park and Industrial Township (Residential)

4. Project Site Address

Village Vashere, Taluka Bhiwandi, Dist. Thane

5. Proposed Land Area

404 Acres

6. Land Area Acquired

7. Land area tied-up to
Acquire

205.45 Acres
198.55 Acres
Details of Products to be Developed in the said Park Project :
Cluster

Saleable
Area
(Sq.ft.)

No. of
Units

Cluster - 1
Cluster - 4
Cluster - 3 & 4

19,65,307
261,532
2,353,784

10
2
18

Industrial Bldg Units :

INDS 5000 Sqft
INDS 5000 Sqft
INDS 15000 Sqft

Cluster - 2
Cluster - 4
Cluster - 2

801,609
763,403
468,724

128
122
25

Industrial Gala Units :

INDS Gala
INDS Gala

Cluster - 2
Cluster - 4

25,02,634
3,833,819

813
1,826

Industrial Township (Residential) :

2 BHK Units
1 BHK Units

Cluster - 7
Cluster - 7

2,734,980
1,926,405

4,113
3,669

Cluster - 1
Cluster - 2 & 7
Cluster - 4
Cluster - 6

1,260,457
1,262,406
1,138,885
1,089,955
2,23,63,901

202
202
182
174

Category
Warehouse :
Warehouse STD (Sale)
Warehouse BTS (Lease)/Sale
Warehouse BTS (Sale)

8. Type of Products

Common Facility Centers

CFC - 1
CFC - 2
CFC - 3
CFC - 4
Total

Page 1 of 7

1. Mr. Mayur R. Suchak (Managing Director)

9. Details of Promoters
of RII

2. Mrs. Deepti M. Suchak (Director)

Mr. Mayur Ratilal Suchak
A law graduate with a strong background in legal, finance, accountancy
and taxation professional consultancy with wide experience of 25 years.
Founder and Managing Director of M/s. Renaissance Indus Infra Private
Limited and other Renaissance Group Companies.
His experience of running a project management consultancy company, in
depth knowledge of industrial infrastructure and realty sector, vast
practical experience and legal knowledge has sown the seeds of taking the
existing business of the group to a new scale with new horizons.
Also being the Founder of Magus Consulting Pvt. Ltd., a Project
Management Consultant (PMC) empanelled with Govt. of India for

10. Brief about Managing

Director

Industrial Infrastructure Project development providing Conception-toInception (C2C) services to various clients all over India.
Magus had obtained Sanction of 7 Textile Parks (Rs. 800.92 Cr), 2 Food
Park (Rs 198.36 Cr) and 4 Cold Chain Projects (Rs.95.86 Cr) in Maharashtra,
Gujarat, Andhra Pradesh, Haryana, Assam whereas Marketed and Sold 20
lacs sqft Textile Units in Asmeeta Textile Park in Bhiwandi, also sold 16 lacs
sqft Industrial Plots, 20 lacs sqft Warehouse and 6 lacs sqft Corporate
Leasing in MMR.
Magus had rendered its PMC services on C2C basis to 3 Mega Food Parks,
7 Cold Chain Projects and additional 3 Textile Parks along with various well
known

clients

all

over

India

which

mainly

includes

Project

Conceptualization, Land Acquisition, Development Approvals, Project

Design, Detailed Engineering, Project Development, Project Subsidies,
Sales and Marketing, Project Funding and Unit Operational / Occupier
Services.

Page 2 of 7

The company has already incurred project expenditures of Rs.192.87 Cr

for the development of the said project; an integrated warehouse and

industrial park.
The company has raised fund in the form of Promoters Contribution: Rs.

30.93 Cr, Bank Loan from Banks: Rs. 58.14 Cr, and Customer Advances: Rs.
103.80 Cr, which is total means of finance of Rs.192.87 Cr.
The land area of 105.62 acres is already mortgaged with SBI and SBM in

the form of collateral security against the credit facility of Rs. 50 Cr which
is being enjoyed by the company.
The company has already booked warehouse of 11.05 lacs sq. ft. @

average Rs.1077/- per sq. ft. which will fetch sales realization of Rs.119.01
Cr. and industrial units of 9.22 lacs sq. ft. @ average Rate of Rs.1250/- per
sq. ft. which will fetch sales realization of Rs.115.25 Cr. that is total 19.50
lacs sq. ft. which will fetch sales realization of Rs.234.26 Cr.
The possession of warehouse is already given to UTI Worldwide having

area of 1.30 lacs sq. ft. and Vista Print having area of 0.40 lacs sq. ft. which

11. Current Status of the

Project

both are MNCs.

Further, LOI for warehouse has been obtained from well known MNC

Damak International / QEG for 1.31 lacs sq. ft., APP (India) for 1.31 lacs sq.
ft., Clariant for 1.31 lacs sq. ft. and Lintec for 0.40 lacs sq. ft.
MOU for Industrial Township is signed in the said park project for the area

of 20 lacs sq. ft.(Approx 3,000 flats).

Current Project Investment & Means of Finance: (Till Date 31.10.2013 duly
certified by CA)
Project Investment:
Sr. No.
1
2
3
4
5
6
7
8
9

Particulars
Land Cost
Approval Expenses
Additional Cost for DA Land
Infrastructure Cost
Construction Cost
Interest Cost
General Admin, Selling & Marketing Expenses
Advances given to contractors & Suppliers
Sub total
Sundry Creditors & Other Liabilities
Total
Page 3 of 7

Rs. in Cr.
29.60
19.20
13.00
26.02
53.70
20.35
17.56
14.11
193.54
0.67
192.87

Means of Finance:
Sr. No.
1
2
3

Particulars
Promoters Contribution with Quasi Capital
Advances from customers/Booking Money
Subtotal
Loan from Banks
Total

Rs. in Cr.
30.93
103.80
134.73
58.14
192.87

Besides above, the company has pipeline of prospective customers for around
31 lacs sq. ft. warehouse and industrial units area which includes various MNCs
and the LOI for which is under negotiation process.

Area Allocation:
SN

Particulars

UOM

Area

Total Saleable Area

Sq.Ft.

2,23,63,900

Total Built up Area

Sq.Ft.

1,81,78,907

Profitability to Investor : After Investment and Development of Project

SN
I.

12. Estimated
Earnings of the total
project

II.

Particulars

UOM

Area

Estimated Revenue
Saleable Area

Sq. Ft.

Average Sale Rate

Rs./ Sq. Ft.

Total

Rs. Cr.

2,23,63,900
1,975
4,416.87

Estimated Cost
Built-up Area

Sq. Ft.

Average Cost Rate

Rs. /Sq. Ft.

Total

Rs. Cr.

2,181.47

III

Concept to Commission Fees (7%)

Rs. Cr.

309.18

V.

Est. Profit Before Tax ( I II -III)

Rs. Cr.

1,926.22

VI.

Total Investment by Investor

Rs. Cr.

404.00

VII.

Stake to Investor

VIII.

Profit to Investor

Rs. Cr.

Estimated Return on Investment

IX

Page 4 of 7

1,81,78,907
1,200

26%
500.82
123.96%

Principal Pay-back Schedule of Investor / Co-developer (for 26% of stake):

Estimated Profit before Tax
Rs. Cr.
Principal
Profit
202.00
202.00
166.94
166.94
166.94
404.00
500.82

Particular

End of Year 1st Year

End of Year 2nd Year
End of Year 3rd Year
End of Year 4th Year
End of Year 5th Year
End of Year 6th Year
End of Year 7th Year
Total
X

Estimated Principal payback period

4 years.

Milestone-wise Investment & Deliverables

Calls*

Upfront

Justifications

Land area acquired is admeasuring 205.45 acres.

Valuation of the land is Rs.415 Cr. (205.45 acres*Rs.2.02 Cr
per acre).

The land will be given at the valuation of Rs. 1.00cr per acre.

The above said land will be given within 15 days from the
date of signing.
 Consideration : Rs. 204.00 Cr

13. Projects Current

Promoter Share &
Consideration
Justification

 Land to be given with Approvals : 205.45 Acres

First Call

Land to be acquired is admeasuring 99.28 Acres.

Valuation of the said land is Rs. 200.54 Cr. (99.28
acres*Rs.2.02 Cr per acre).

The above mentioned land will be given within 3 months
from the date of signing.
 Consideration : Rs. 100.00 Cr.
 Land to be given with Approvals: 99.28 Acres.

Second Call

Land to be acquired is admeasuring 99.28 Acres.

Valuation of the said land is Rs. 200.54 Cr. (99.28
acres*Rs.2.02 Cr per acre).

The above mentioned land will be given within 6 months
from the date of signing.
 Consideration : Rs. 100.00 Cr
 Land to be given with Approvals : 99.28 Acres
Page 5 of 7

Total Valuation of the said land is Rs. 816.08 Cr. (404

acres*Rs.2.02 Cr per acre)

Total
Acquisition
Price

13. Projects Current

Promoter Share &
Consideration
Justification Contd.

Total Acquisition price for entire project land is Rs. 404.00 Cr.

Summary: (up to Second Call)

Calls*

Call Period

Consideration

Land to be given
with Approvals
by RII

Upfront

Zero Date

Rs. 204.00 Cr.

205.45 Acres

First Call Within 1st month from Zero Date

Rs. 100.00 Cr.

99.28 Acres

Second
Call

Within 3rd month from Zero Date

Rs. 100.00 Cr.

99.28 Acres

Sub-Total

Rs. 404.00 Cr.

404.00 Acres

I. Conveyance and Possession of Land by RII with Development Approvals

to Investor/ Co-developer :
1.

Out of the entire 404 acres of land, RII has already acquired the land
admeasuring about 205.45 acres

2.

Out of the entire 404 acres, land area admeasuring about 198.55 acres
will also be acquired by RII which is already tied up to acquire.

3.

The necessary development approvals and clearances are already

obtained from the concerned Local and State Govt. Authorities for
205.45 acres of land.

4.

RII will also obtain required development approvals and clearances

from concerned Local and State Govt. Authorities for rest 198.55 acres
of land which is tied up to acquire by RII.

14. Project Management

Mechanism

II. Discharge of All Existing Liabilities by RII :

1.

All the existing bank loan liabilities will be discharged by the Current
Promoter.

2.

Current Promoter will ensure that the Title of the land to be conveyed
and possession of which is to be given will be having no encumbrances
or noting charges and it will be clear and marketable along with the
Page 6 of 7

necessary development approvals and clearances upon making the

required Project Investment as mentioned above.

M/s. Renaissance Infra Realty Pvt. Ltd. will provide the Project Management
Services from Conception to Commission for the said project as mentioned
below :

15. Conception to
Commission services
by Renaissance Infra
Realty Pvt. Ltd.

Project Design Services: To carry out detailed designing of the project.

To undertake urban planning, infrastructure and utilities planning,
environmental planning, architecture and working/ construction
drawings.

Detailed Engineering Services: To carry out detailed engineering of the

project. To undertake detailed engineering of all utilities infrastructure
and building.

Project Development Services: To appoint contractors and consultants

and ensure cost and time effective delivery of project. Review
feasibility project, detailed engineering, and project infrastructure
orientation. Execute quality assurance and control. Prepare
construction schedule.

Project Marketing and Transaction Management Services: To identify

the customer segment, their needs and thereby Marketing and Sale the
project. To provide transaction management services including unit
legal drafting, unit documentation and registration services.
Renaissance infra Realty Pvt. Ltd. will charge 7% of Sale Value.
We will deliver all estimated payback as stated above, the Investor/
Co-developer will have to make investment.

*************************

Page 7 of 7