Techvardhan Infra Pvt. Ltd (Any Company) "CLIENT" has acquired a piece of land near Gurugram HR and wants to develop it as a residential building having 50 flats of 900 sq. ft each.

They are expecting to sell the flats at a rate of Rs. 4000 / sq.ft. The expected CapEx is Rs. 8 Crore and OpEx is Rs. 50 Lacs / per annum for the whole project.

They are seeking a non-recourse debt (project financing) with 70:30 as D/E ratio from leading commercial banks in India as a 12 years term loan.

Please prepare a financial model and analyse the cost, revenue and debt repayment along with finflow / cash flow analysis. Calculate equity IRR and DSCR.