Shah Housecon Private Limited secured a loan of INR 2,75,00,000 from Assets Care & Reconstruction Enterprise, using their property, a flat located in Malad East, Mumbai. This property, identified as Flat No. 6A & 6B on the 6th floor of Shanti Niketan in Upper Govind Nagar, encompasses all present and future structures, furniture, fixtures, and fittings. It holds the rights, title, and interests of Mr. Ramji Shah, the owner of Shah Housecon Private Limited.”
“The location, Shanti Niketan, Property No. 4, is a significant asset with potential for both present and future development. The property’s prime location in Malad East, Borivali, Mumbai, makes it a valuable investment for Shah Housecon Private Limited.”
“The property is described as a piece or parcel of land with units/apartments, including Flat No. 6A, measuring a specified area. It includes all existing and upcoming constructions, as well as any installed or to-be-installed plant and machinery. This comprehensive description ensures that all aspects of the property, both current and prospective, are covered.”
“Shah Housecon’s decision to leverage this property underscores their confidence in its value and potential for growth. By securing a loan against this asset, they are strategically utilizing their resources to further their business objectives.”
This partnership reflects the confidence that financial institutions have in the potential of such prime properties in Mumbai.”
Its strategic location, combined with its comprehensive description and potential for development, makes it a valuable investment. By securing a loan against this property, Shah Housecon Private Limited is poised to further its business goals and objectives.
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