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Offer Letter

P. Suresh Babu is offering consultancy services to Alok Rastogi of NMBPL to develop a comprehensive real estate project feasibility report. The scope of work includes an initial project assessment, market analysis of the local real estate market, and developing a financial model to assess feasibility. The timeline for completion is approximately 3 weeks after a site visit to Lucknow. Upon completion, deliverables will include a detailed feasibility report and presentation. The total cost is Rs. 1,74,000 payable in two installments - 50% upfront and 50% upon report submission.

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175 views2 pages

Offer Letter

P. Suresh Babu is offering consultancy services to Alok Rastogi of NMBPL to develop a comprehensive real estate project feasibility report. The scope of work includes an initial project assessment, market analysis of the local real estate market, and developing a financial model to assess feasibility. The timeline for completion is approximately 3 weeks after a site visit to Lucknow. Upon completion, deliverables will include a detailed feasibility report and presentation. The total cost is Rs. 1,74,000 payable in two installments - 50% upfront and 50% upon report submission.

Uploaded by

Suresh BP
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We take content rights seriously. If you suspect this is your content, claim it here.
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P.

Suresh Babu
L-1204, Antriksh Golf View 2, Sector 78,
Noida – UP 201304
[email protected]
+91 97118 00354

Mr. Alok Rastogi


NMBPL
A-6, Sector 58,
Noida – UP 201301

Subject: Consultancy Offer for Real Estate Project Feasibility Report

Dear Mr. Rastogi,

I am writing to present a consultancy offer for the development of a comprehensive Real Estate Project
Feasibility Report. Based on our discussions and understanding of your project requirements, we believe
that our expertise and experience make us well-suited to assist you in assessing the feasibility of your
proposed real estate venture.

A. Consultant Scope of Work:

1. Initial Project Assessment:

● Conduct a preliminary assessment of the proposed real estate project, including its location,
size, and target market.
● Review relevant documents, such as architectural plans, financial projections, and any existing
market research.
● Identify potential challenges, risks, and opportunities associated with the project.

2. Market Analysis:

● Conduct a detailed analysis of the local real estate market, including supply and demand
dynamics, pricing trends, and competition.
● Identify target market segments and assess their preferences, needs, and purchasing power.
● Evaluate market absorption rates and potential demand for the proposed project.

3. Financial Feasibility:

● Develop a comprehensive financial model to assess the project's feasibility, including cash flow
projections and return on investment.

B. NMBPL Scope of Work:

1. NMBPL will make all arrangements (To & Fro flight tickets, Boarding & Lodging in a 3 star
accommodation or equivalent, Food & Local Travel) for the visit to Lucknow site & local real estate
market accompanied by your representative.
2. NMBPL will arrange meetings with the real estate agents in Lucknow (Top and Local agents,
minimum of 5 nos. in each category) who shall be willing to provide the required information on
the market survey.
3. NMBPL shall provide relevant documents, such as project details, land use, financial projections,
and any existing market research on the said project.

C. Timeline and Deliverables:

The estimated timeline for completing the Real Estate Project Feasibility Report is approximately 3 weeks,
after Lucknow site visit completion.

Upon completion, we will provide you with the following deliverables:

1. Detailed Feasibility Report: A detailed report encompassing all aspects of the project analysis,
including market analysis, financial feasibility, risk assessment, and recommendations.
2. Presentation: A comprehensive presentation at your Noida office (one time) summarizing the key
findings, recommendations, and supporting data.

D. Cost and Payment Terms:

The total cost for the consultancy services for the Real Estate Project Feasibility Report is Rs. 1,74,000
[Rupees One Lakh Seventy Four Thousand Only, which is 58 hours of work @ Rs. 3,000 per hour].

Payment terms will be as follows:


● 50% of the total cost upon signing this consultancy offer letter as an upfront fee.
● Balance 50% of the total cost upon submission of the Feasibility Report.

Please note that any additional expenses incurred during the project, such as travel or third-party research
fees, will be billed separately and require prior approval.

I would be pleased to discuss this consultancy offer further and address any questions or concerns you may
have. Please do not hesitate to contact us at +91 97118 00354 or [email protected].

Thank you for considering my services, and I look forward to the opportunity of working with you on this
project.

Yours sincerely,
P Suresh Babu
Consultant

Date: 22-May-23
Place: Noida

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