Reborn as a Police Officer in India

Chapter 476 Must Take
"Ours is a high-quality project. Even if the bank's loan amount is limited, other financial institutions are willing to lend money," Sori said. "Funding is really not a problem."

Roton could understand Sori's explanation.

Reliance Group and Tata Group are like a kind of reputation guarantee. With such a relationship and background, there is no need to worry too much about funding.

However, what Roton was concerned about was not whether there was enough money for construction, but whether the house could be sold in the future.

Because what will happen next is a global pandemic that will cause the economies of countless countries to collapse.

"If we get this project, how long will it take from development to sales?" asked Luoton.

"Due to the large area of ​​the land, it will be developed in several phases. For the first phase, I estimate pre-sales will take three years, and the entire project will take ten years to develop," said Sori. "This is because our development efficiency is higher. If it were another real estate development company, it would probably take several more years."

Sori became more and more excited as he spoke.

Ever since he followed Rotun, everything he did went smoothly.

That magical tea brought huge cash flow and also brought him huge wealth.

Although Rotun took the lion's share, Sori's current wealth was still astonishing based on these small amounts.

Since it is an exclusive secret recipe, the cost is almost negligible.

The price is sky-high. After all, rich people like this thing. Who doesn’t like to be able to stand up and be tough in front of women?

For this dignity, that price is nothing to the rich.

As for the real estate company, it has some connections with the Reliance Group and the Tata Group, and the various procedures on the government side were basically very smooth and there were no problems at all.

Anyone who is engaged in real estate, no matter which country, needs to deal with relevant government departments.

In India, government departments are too inefficient.

The various procedures are very complicated.

It's not that there is no workaround here, that is, through connections and background. As long as the connections are strong enough, and with some money, the process will be very fast, which is equivalent to special handling of special matters.

Sori was very proud of his short development cycle, but in Roton's opinion, it was too long.

Of course, Rotten could understand Sori's thoughts.

In India, Sori's development speed is indeed fast.

As for India's work efficiency, this is not just a problem on the government side, but also on the construction companies. Those employees are slacking off at work, dragging their feet and are not very efficient.

In this respect, it is completely incomparable with China.

If a real estate project wants to make money, and make more money, the development cycle should be as short as possible, because a lot of the funds come from bank loans.

Pre-sale collection becomes very important.

There is also a pre-sale system in India.

However, the final house delivery in India is generally delayed, and the delay rate is very high.

There are basically no properties that are delivered on time.

It is normal to delay the delivery of houses for more than one year, which is still considered good. Many houses cannot be delivered for three to five years, and many are even left unfinished.

There are many reasons for delayed delivery of houses, in addition to low development efficiency, there are also reasons related to the developer itself.

That is because the real estate market was booming in the past few years. In order to acquire more land, developers did not invest the pre-sale money in real estate construction after they received it.

Instead, use the money to purchase more land. After all, the price of land keeps rising, and it is everyone's consensus to acquire more land as quickly as possible.

Another way is to use these pre-sale funds to pay off some old debts.

This results in insufficient funds actually used for project development, so the construction progress is naturally slow and delayed delivery becomes inevitable.

"If you think the development cycle is still too long, I think it can be shortened further." After Sori finished speaking, he added when he saw that Roton didn't say anything.

In his opinion, maybe Roton was still a little dissatisfied with his development cycle.
This project covers a large area, and it will take more than ten years to complete, which is actually not a long time.

However, Sori knew that Rotun had very high demands, so he also had high demands and standards for himself.

It has to be said that although such standards may incur much higher costs than peers in some areas, the profits will be higher at the final settlement.

Short time means efficiency.

High turnover means higher capital utilization, which naturally leads to higher benefits.

Time is particularly critical for an industry like real estate that requires a large amount of capital investment.

After all, most of the funds are loans, which require interest to be paid. A shorter period means less interest, and the cost is actually greatly reduced.

"That's not what I meant." Luo Dun sighed and said, "This project is not suitable. Don't participate."

"Huh?" Sori's eyes widened.

Although the government tightened some policies on real estate development last year, this had little impact on them. With their network of connections, it was not difficult for them to obtain funds.

It is mainly small and medium-sized developers or companies with previously high debt who will feel tremendous pressure, and they are obviously not included.

This land transfer is for prime land in Mumbai city. If you miss it, you may not have the chance again for several years, or even decades.

"Many people are eyeing this project, especially SP Group, which is eyeing it covetously," said Sori.

He didn't know why Rotun said that, so he wanted to fight for it.

In his opinion, this project has really little risk and huge profits.

Moreover, developing such a large project in Mumbai can further enhance the image of the real estate company.

For the company, a large real estate project, and a luxurious one at that, in downtown Mumbai, can serve as a business card for the company in the future.

Sori has a very clear development positioning for the real estate company, which is to build high-end villas and the like.

These profits are high.

After all, these are provided to the rich and powerful. As long as your products and image are good enough, you don't have to worry about them not buying them.

And this premium is much higher than that of ordinary residential properties.

"SP Group?" Roton smiled slightly.

"Yes, Cyrus is now in charge of the SP Group's real estate development department. Since he took office, he's ruined our plans several times. He's snatched up several good plots of land, and although we still managed to acquire some other good plots due to his sniping, the cost was much higher than expected." Sori said, "The SP Group now wants to use this piece of land in Mumbai to further expand its influence. Ever since Cyrus was ousted, he has been looking to start a new business, and this is his chance to make a comeback. No matter what, we can't let him succeed, right?"

Sori certainly knew about some of the conflicts between Rotten and Cyrus.

During this period, Cyrus was indeed a little bit focused on his project.

In the bidding for the land, it was a tit-for-tat situation.

Anyone can see that he is here to trip me up.

Of course, Sori also understood that in addition to targeting him, Cyrus also wanted to take over those lands.

Everyone understands the benefits of these lands. Even if the land price is higher, as long as the project is developed, there is still confidence that high profits can be guaranteed.

"How much importance does Cyrus attach to this project?" asked Roton.

"We must get it." Sori said, "Cyrus has already made his statement, but we will not back down and will not let him succeed this time. This piece of land is really good. I have already communicated with Reliance Group and Tata Group. Even if the loan amount from the bank is not enough, the two companies can also support part of it. So in terms of funds, we are not afraid of Cyrus at all. We definitely have more than him." Roton stared at Sori, which made Sori feel uneasy.

He had had several pieces of land snatched away by Cyrus before, but this time he was well prepared. Even though SP Group was an old company in the construction industry with a great reputation, he was not afraid.

So this time we must raise more funds to compete with the other side.

As long as we are prepared and fully prepared, it will not be easy for Cyrus to take over this land.

Roton could understand Sori's feelings, and he also knew that this piece of land in Mumbai must be a good piece of land. Once it was acquired and used for luxury housing development in the future, it would indeed make money, and a lot of money at that.

What a pity, a major epidemic is about to come.

During this period, the economies of various countries were almost paralyzed. Not to mention building houses, even if the houses were built, they would most likely not be sold.

Especially in a country like India, the epidemic has been poorly controlled and is completely out of control, and the economy is a mess.

Countless companies went bankrupt during this period.

If Sori invests a huge amount in this real estate project at this time, it will be very fatal once the epidemic breaks out.

In such an emergency, the key to a company's survival is to ensure that the company's capital chain is not broken.

Companies with high debt are basically doomed.

Only those companies with low debt and large cash flow can survive.

Perhaps there will be great gains during this period.

That is, too many companies could not hold on, some went bankrupt, and some closed down.

Such a crisis is actually an opportunity for large companies and groups with strong financial resources. They have a lot of cash and can buy at low prices and acquire high-quality assets at extremely low prices.

Otherwise, under normal circumstances, these high-quality assets or companies would be impossible to sell.

Roton didn't want Sori to invest too much in real estate projects, which would lead to rising debt and problems during the epidemic.

So in the past two years, Luoton didn't want Sori to invest in any big projects, especially industries that required large capital investments like real estate development, which he absolutely couldn't touch in the past two years.

"Since Cyrus must take it, let him have it." Rotten said with a smile.

"But?"

"From now on, large-scale investments, whether from the real estate company or other companies, must cease," said Luo Dun. "You also need to reduce the company's debt as much as possible to ensure sufficient cash flow."

"Huh?" Sori was confused.

In terms of running the company, Rotun would occasionally give him some advice, but this time the move was too big.

It made him a little confused.

What's going on?

"Execute it." Rotun said lightly.

Sori was shocked. Although Rotun's expectations were very calm, he knew that Rotun's words could not be disobeyed.

He didn't know why Rotun did this, but for him, he must follow Rotun's opinion.

He knew very well that everything he had now was because of Rotun.

At worst, I'll earn a little less in the next few years, which is not a big problem.

"Yes," Sori said. "There's definitely no problem on my end. I'm just worried it'll be hard to explain to Reliance and Tata. They're also optimistic about this project."

"If any of them have any objections, tell them this is my opinion and let them come to me," said Rotten.

"Okay. Then the Bombay Garden Project will be completely terminated." Sori said with a smile.

After Rotun said this, he no longer felt any pressure.

He was still very clear about the relationship between Rotun and the two major groups.

Especially Rodon, Mukesh and Ratan have a very good relationship.

This project is very profitable, but for the two major families, it is really just a small amount of money.

Now that Rotun has spoken, the two sides will definitely have no objections.

"Why terminate it?" asked Rawdon.

"Ah?" Sori's smiling face suddenly turned into surprise.

He was really confused. What was going on?

For a moment, he couldn't figure out what Rotten wanted to do.

Didn’t you just say that you wanted to withdraw from such a large investment project?

"What I mean is that we can't let Cyrus take this land so easily," Rawdon explained with a smile. "Although we don't want to continue with the Bombay Gardens project, the message we've given Cyrus is that we must take it, no matter the cost."

"You mean we should make things difficult for Cyrus and make him pay a higher price to take the land?" Sori understood what Rotten meant.

"That's right. If he wants it, he'll have to pay more money." Roton said with a smile. "In short, from outsiders' perspective, you won't back down. You have to let them know your determination."

Sori couldn't help but ponder for a moment.

He could tell that Roton was not optimistic about this project.

If Cyrus were to buy the land at a high price, he would definitely suffer losses later.

But he couldn't understand why there was nothing wrong with this project. It was definitely a high-quality project.

Could it be that?
Sori's heart moved.

Under normal circumstances, this project must be a good project that can make a lot of money.

But what if someone intervenes?

This is Mumbai, Rawdon's territory.

The police system in Mumbai is still very powerful, and if the police want to cause trouble for this project, they have plenty of excuses.

Thinking of this, Sori felt that he had figured out the key.

No wonder Roton asked him to ensure cash flow. Perhaps he could take over this project later and take it over from Cyrus at a low price.

Although he didn't know what Rotten wanted to do and how to stop Cyrus from working on this project, Sori still believed that Rotten could definitely do it.

"Don't worry, I will spread the news to show my determination to get the land." Sori said with a smile.

"Very good, we can proceed with fundraising and so on. Anyway, we have to act realistically so that Cyrus won't see through us." Rotten knew that Sori understood what he meant.

"I guarantee that I'll complete the mission," Sori said. "Besides, if I really say I'm withdrawing from the competition, Cyrus probably won't believe me."

"That's it, then. I believe you can do it well," said Rotten. "Remember, don't make any large investments in the next two years. Any investments you make must be reported to me."

"Yes!" Sori said immediately.

(End of this chapter)