The project
Land near Dwarka, on the coast
Richwealth is considering acquiring 16 lakh sq. ft. of non-residential land within a larger 72-acre property near Dwarka.
Location highlights
- Beachfront
- National highway frontage
- Approximately 15–16 km from Dwarkadhish Temple
Location highlights are as supplied by the company. Site area, classification, frontage and distance remain subject to verification.
Future vision
Develop a membership-based coastal resort in Dwarka, with a longer-term vision for a Char Dham hospitality network.
Proposed participation
How participation is proposed to work
Minimum: 1,000 sq. ft. / ₹4 lakh. Additional participation in multiples of 1,000 sq. ft.
A participation of 1,000 sq. ft. is a share in the proposed project. It does not mean an individually registered plot.
Proposed buyback
Buyback at twice the participation amount after four years
The company proposes a buyback at twice the original participation amount after four years, representing 100% appreciation.
This is a proposed company buyback, subject to definitive agreements and the company’s ability to fulfil its obligations. It is not a guaranteed market appreciation or guaranteed return.
For discussion
Ownership proposal
The intention is to hold the property through a company and issue shares to participating investors. The proposed ownership split is:
- Investors collectively: 60%
- Company / promoters: 40%
This is an ownership proposal, not a profit or revenue distribution formula. Final share allocation, voting rights, income distribution and the effect of the buyback on ownership still need to be clarified and set out in definitive agreements.
For discussion
Membership proposal
The future resort may offer holiday memberships.
Stay entitlements, booking rules, taxes, maintenance charges and other fees are not yet finalised.