PROJECT FUNDING

Large-Scale Project Finance for Real Estate, Infrastructure, and Industry

Structured project funding from Rs.5 Crores to Rs.100 Crores for developers, industrialists, and infrastructure companies. Debt, equity, and hybrid structuring available.

From 11%

p.a. Interest

Rs.100 Cr+

Possible Funding

Structured

Financing Options

Project Finance Snapshot

Project CostRs.25 Crores

Debt FundingRs.18 Crores

Promoter EquityRs.7 Crores

Debt:Equity Ratio72:28

TenorUp to 10 Years

KEY FEATURES

FinGarage Project Funding Capabilities

Debt and Equity Structuring

We help structure the right mix of term debt, working capital, and equity for your project to optimise the debt-equity ratio, cost of capital, and investor returns.

Real Estate Project Finance

Residential and commercial developments, plotted projects, townships, and mixed-use complexes. We work with leading NBFC and bank real estate desks.

Industrial and Manufacturing

Greenfield and brownfield expansion projects for manufacturing, processing, packaging, and industrial parks funded through term loans and equipment finance.

Infrastructure and Renewable Energy

Roads, warehousing, solar plants, EV charging, and water treatment projects eligible for specialised infrastructure debt from PFC, REC, and infrastructure NBFCs.

Project Appraisal Support

We help prepare the detailed project report (DPR), financial model, and bank information memorandum (BIM) that lenders require for large project assessments.

Consortium and Syndication

For very large projects, we arrange consortium lending across multiple banks or syndicate the loan through a lead arranger to distribute risk and maximise the loan quantum.

ELIGIBILITY

Project Funding Eligibility

For real estate developers, industrial companies, infrastructure SPVs, and renewable energy project entities.

✓Promoter track record: minimum 2 completed projects or 5 years in the sector
✓Project must have all requisite approvals and clearances (or a plan for the same)
✓Minimum promoter equity contribution of 20–30% of project cost
✓CIBIL and CRIF score of promoters must be clean
✓Project revenue/cash flows must support debt servicing at a DSCR of 1.2 or above
✓Proper SPV or corporate entity structure recommended

Documents Required

✓Detailed Project Report (DPR) with financials
✓All statutory approvals — RERA, environment, building plan
✓Promoter KYC and financial statements for last 3 years
✓Land title documents and land use permissions
✓Architect/structural engineer approvals
✓ESCROW structure proposal and cash flow projections

THE PROCESS

How It Works

Project Brief and Advisory

Share your project details, fund requirement, and current status of approvals. Our project finance team reviews and advises on the optimal debt structure within 2–3 days.

Detailed Project Report Preparation

We assist in preparing or reviewing your DPR, financial model, and information memorandum to present a bankable case to lenders.

Lender Presentations

We arrange meetings with relevant banks, NBFCs, and institutional lenders from our network who specialise in your sector and ticket size.

Term Sheet, Legal, and Disbursal

Post lender approval, term sheet negotiation, legal charge creation, and staged disbursal aligned with project milestones is managed end-to-end.

Frequently Asked Questions

What is the minimum project size for project funding?

Most institutional lenders look at a minimum project cost of Rs.5–10 Crores for dedicated project finance structures. Below that, a business loan or LAP is more appropriate. Our advisory helps determine the right product based on project scale.

Is RERA approval mandatory before applying for project funding?

For residential real estate projects, RERA registration is mandatory in most states before any pre-sales or marketing can begin. Most lenders also insist on RERA before disbursement though an initial sanction can sometimes be obtained pending RERA. Commercial projects follow respective local authority approval processes.

What is DSCR and why do lenders focus on it?

Debt Service Coverage Ratio (DSCR) measures how many times your project's net operating income covers the annual debt repayment obligation. A DSCR of 1.2 means the project earns Rs.1.20 for every Rs.1.00 of debt service. Lenders require 1.25–1.5 DSCR to have a safety buffer against revenue shortfalls.

Can foreign funding be arranged for large projects?

For projects above Rs.100 Crores in eligible sectors, External Commercial Borrowing (ECB) routes can be explored. This involves borrowing in foreign currency from international lenders, which can offer lower rates but introduces currency risk. We connect promoters to advisors who specialise in cross-border project funding.

How long does project loan appraisal typically take?

A standard real estate project loan of Rs.10–50 Crores takes 4–8 weeks from submission of complete documentation to sanction. Larger projects with more complex structures may take 10–12 weeks. Infrastructure and renewable energy projects with government approval chains can extend to 3–6 months.