Project Updates
MT. K RESI DEVELOPMENT FUND
[Link] info@[Link]
Project 1 - Panorama
Project Highlights
Location Pali Hill, Bandra West
Plot Size ~1,800 sq. mt.
Nature of Development Joint development
3 Basements + Ground + 14
Proposed Structure
Residential Floors
Units (For Sale) 15
Project Performance
Underwritten Current
Parameters
Value Value
Average Sales price (Rs. Psf) 90,000 1,07,000
Gross IRR (%) 25% - 27% 46% - 48%
Gross Multiple (x) 2.5 – 2.75 3.25 – 3.5
Project Progress May ’24
Approvals
• RERA registration received
Construction
• Demolition completed
• Piling commenced
Sales
• Project launched
• 3 flats out of 15 units for sale have been sold (Average
realization ~INR 1,07,000)
*The projections are for the investee companies in INR terms (pre-tax), purely indicative and are not promised or guaranteed in any manner
Project 1 – Panorama Current Status
Project 2 – Ocean Vista (Sagar Tarang) Current Status
Project Highlights
Location Versova, Andheri West
Plot Size ~2,400 sq. mt.
Nature of Development Society redevelopment
Proposed Structure 4 Basements+ Ground Floor + 24 floors
Units (For Sale) 32
Project Performance
Underwritten Current
Parameters
Value Value
Average Sales price (Rs. Psf) 57,500 65,000
Gross IRR (%) 22% - 25% 33% - 35%
Gross Multiple (x) 2.0 – 2.25 2.5 – 2.75
Project Progress May ’24
Approvals
• RERA Registration received
Construction
• Demolition completed
• Piling commenced
Sales
• Project launched
• 5 flats out of 32 units for sale have been sold (Average
realization ~INR 65,000)
*The projections are for the investee companies in INR terms (pre-tax), purely indicative and are not promised or guaranteed in any manner
Project 2 – Ocean Vista (Sagar Tarang) Current Status
Other Projects
Cliff Tower Dhuruwadi Crescent
Project Highlights Project Highlights Project Highlights
Mt Mary Road, Bandra Location Prabhadevi Location Pali Hill
Location
West Plot Size 2,800 sq. mt. Plot Size 4,740 sq. mt.
Plot Size 1,700 sq. mt. Redevelopment of cessed building
Nature of Development Nature of Development Society Redevelopment
by outright purchase of land
Nature of Development Society redevelopment 2 wings (4 Basements +
2 Basements + Ground + 9 Levels of Proposed Structure
3 Basements + Ground + 5 podiums Proposed Structure Ground + 17 floors each)
Proposed Structure Car Parking + 23 floors
+ 19 Floors Units (For Sale) 102
Units (For Sale) 56
Units (For Sale) 19
Expected Project Performance Expected Project Performance Expected Project Performance
Parameters Underwritten Value Parameters Underwritten Value Parameters Underwritten Value
Average Sales price (Rs. Psf) 100,000 Average Sales price (Rs. Psf) 66,500 Average Sales price (Rs. Psf) 76,500
Gross IRR (%) 23% - 25% Gross IRR (%) 20% - 22% Gross IRR (%) 21% - 23%
Gross Multiple (x) 2.25 – 2.5 Gross Multiple (x) 2.0 – 2.25 Gross Multiple (x) 2.0 – 2.25
*The projections are for the investee companies in INR terms (pre-tax), purely indicative and are not promised or guaranteed in any manner
DISCLAIMER
Our disclaimer: This information is not intended for persons located or resident in jurisdictions where the distribution/marketing of such information is restricted or unauthorized. No
action has been taken to authorize, register or qualify any of the funds managed by MT. K KAPITAL PRIVATE LIMITED or its affiliates (“MT. K KAPITAL”), or otherwise permit a public
offering of any MT. K KAPITAL managed funds in any jurisdiction, or to permit the distribution of information in relation to any of the MT. K KAPITAL managed funds in any jurisdiction.
To the best of its knowledge and belief, MT. K KAPITAL considers the information contained herein as accurate as at the date of publication. All information and opinions in this
presentation are subject to change without notice. No representation or warranty is given, whether express or implied, on the accuracy, adequacy or completeness of information
provided in the presentation or by third parties. The materials in this presentation could include technical inaccuracies or typographical errors and could become inaccurate as a
result of developments occurring after their respective dates. MT. K KAPITAL undertakes no obligation to maintain the currency of such information. Neither MT. K KAPITAL (including
any of its partner/s or principal officer/s or employees) nor its affiliates and their respective shareholders, partners, officers and employees assume any liabilities in respect of any
errors or omissions in this presentation, or any and all responsibility for any direct or consequential loss or damage of any kind resulting directly or indirectly from the use of
information in this presentation. Unless otherwise agreed with MT. K KAPITAL, any use, disclosure, reproduction, modification or distribution of the contents of this presentation, or any
part thereof, is strictly prohibited. MT. K KAPITAL expressly disclaims any liability, whether in contract, tort, strict liability or otherwise, for any direct, indirect, incidental, consequential,
punitive or special damages arising out of, or in any way connected with your use of [this presentation].
This presentation is not an advertisement and is not intended for public use or distribution. This presentation has been prepared for the purpose of providing general information
only without taking account of any particular investor’s objectives, financial situation or needs and does not amount to an investment recommendation. It does not purport to
contain all the information that the prospective investor may require. An investor should, before making any investment decision, consider the appropriateness of the information in
this presentation, and seek professional advice, having regard to the investor’s objectives, financial situation, needs and regulatory requirements of jurisdiction of the investor. In all
cases, anyone proposing to rely on or use the information contained in the presentation should independently verify and check the accuracy, completeness, reliability and suitability
of the information. The information contained in this presentation does not constitute financial, investment, legal, accounting, tax or other professional advice or a solicitation for
investment in MT. K KAPITAL, nor does it constitute an offer, solicitation, marketing, publication for sale of interests / units issued by funds that are managed or advised by MT. K
KAPITAL. Any offer can only be made by the relevant offering documents, together with the relevant forms/agreements, all of which must be read and understood in their entirety,
and only in jurisdictions where such an offer is in compliance with relevant laws and regulatory requirements.
Please note that past and projected performance may not necessarily be indicative of future results. The aimed returns mentioned anywhere in this presentation are purely
indicative and are not promised or guaranteed in any manner. Returns are dependent on prevalent market factors, liquidity and credit conditions. Instrument returns depicted are in
the current context and may be significantly different in the future. There is no guarantee that aimed returns may be met. Figures may be taken from sources that are believed to be
reliable (but may not necessarily have been independently verified), and such figures should not be relied upon in making investment decisions. MT. K KAPITAL or any of its partner/s
or principal officer/s or employees do not assure/give guarantee for any accuracy of any fact/interpretations or completeness of such information and shall not be liable to any
person including the beneficiary for any claim or demand for damages or otherwise in relation to such information.
