Avalon Neemrana

   Location

   Neemrana, Rajasthan

Total Saleable Area

1 MM sq ft Residential, 0.25 MM sq ft Retail

Unit Configurations

2, 3 BHK Bedroom Units

Sale Status

332 units out of 812 sold

Current Status

Project work stuck since 2017, Different towers in varying
stages of construction

Issues

Landowner Dispute, Shareholder Dispute at developer
company level, Liquidity crunch

Critical Conditions Precedents

Landowner Settlement
Shareholder settlement & consent

Working Capital Requirement

INR 300 MM

Means of Funding

Debt raised from an AIF

Estimated time of Completion

Mar 2022 - commencement of handover for phase 1
Mar 2025 - completion of entire project