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- - Mid sized projects where investment requirement between Rs 20-50 cr.
- - Investment duration 36 to 42 months.
- - Better risk management.
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- - Early stage partnerships with premium developers with proven track record.
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- Developers Skin in the Project
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- - Discourage cash out to developers or existing financial institution
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- - Appropriate security cover through
- - 1.8 to 2 times cover on investment (cash flow & land)
- - Corporate guarantees, negotiable instruments etc.
- - Appropriate veto rights and board seat
- - Joint signatory on major payments
- - Escrow mechanism to control cash flow
- - Step in rights etc.
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- - Active role in project planning, project monitoring, sales and other key policies of company
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- - Focus on self monetization of assets rather than exit through refinancing
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- Take Over of Project with Developer
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- - Development partner Focus on taking over projects rather than funding distressed developer
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