In a view to provide the affordable flats for the low income group of the society in Bangalore. I have planned to purchase the plot and build a flats and sell the same.
The basic business model works like below mentioned
1) Land identification.
2) Finalisation of land price and entering into MOU with owner.
3) Opening an escrow account in bank ( The amount received through this platform will be deposited and will be utilised for above mentioned (Purchase and construction purpose of particular project only).
4) Agreed returns for the investors on the amount of investment made.
5) Details of the project will be updated to the investors stage by stage through website.
6) Repayment to the investors on the agreed time with agreed rate of returns.