Reborn as the richest man in India

On the way back in the car, Qiao Ge kept thinking about the five factories he just visited.

The smallest one covers an area of ​​about 2 acres, and the largest one covers an area of ​​4 acres, totaling about 15 acres, or 60,000 square meters.

Needless to say, Qiao Ge wanted to take over these pieces of land immediately, but unfortunately he did not have the funds.

After looking at the land, Adela didn't hesitate at all. He and five people went to the relevant departments to check the property rights. There was no problem.

So Qiao Ge initially negotiated with them and agreed to sign a formal contract with them when his cotton deposit came down. The price was 150,000 per acre, which was based on the price of a nearby vacant land sale at that time.

The factories and warehouses of the five of them are relatively shabby, so they give them away for free, which is still a bit discounted.

For Qiao Ge, of course, open land is the best, the land is valuable, and the factory buildings above are not valuable.

It would cost 2.25 million rupees to buy all five factories. Adding taxes and fees, the total would be 2.5 million rupees.

The second batch of 10,000 bales of cotton was purchased at US$90 per bale, and the bid was US$150. After deducting other expenses of US$10 per bale, Qiaogo could earn US$50, a total of US$500,000, equivalent to 6.3 million rupees.

The profit was much higher than that of the first batch. This was because the price of cotton continued to fall, allowing Qiaogo to better lower the price, and his price difference became even greater.

The cotton alone is enough to pay for the land. Not counting the hair, you can still earn millions of rupees.

He doesn't worry about not having enough funds.

Qiao Ge can be sure that these lands should be within the scope of the new port. Even if they are not within the scope, if they are not expropriated by then, the land prices near the port will soar, so there is no need to worry about losing money.

He really wanted to buy up land here, but he couldn't go too far.

Qiaogo didn't know exactly how big the Navasheva Port was, but in the early stage, he would definitely need thirty to fifty hectares of land.

Because he remembered that the container yard in Navasheva Port in his previous life was nearly 40 hectares.

This does not include various other warehouses and the like, covered and open-air.

After taking over five factories, Qiao Ge has 100,000 square meters of land, which is 10 hectares, which is not small.

If you are crazy about buying land here, you may be suspected by others, especially with the port planned later, some things cannot be taken too far.

After all, I am purchasing land in the name of renting out a warehouse, so 10 hectares is enough.

Of course, if there is suitable land, Qiao Ge will definitely not miss it, but the pace must be slower and there must be a more suitable reason.

This will be considered carefully at that time.

While chatting with these five people, Qiao Ge also heard an interesting thing. One of them had three wives, seven sons, and five daughters, and the family was huge.

This reminded Qiao Ge of a discussion on the Internet in his previous life about how many wives he could have in India.

Indian law respects some religious rules in this regard. For example, Islamists can marry four wives. Others, such as Hinduism, adhere to monogamy.

However, India has countless religions and gods, and some rural areas are closed and backward, so the so-called laws are useless. The locals have their own set of rules, and polygamy or polyandry is a phenomenon.

There was a piece of news that a man in India married 39 wives in his life and had 94 children, a happy family of 182 people.

The man's father founded a sect, and one of its rules allowed polygamy, so his father married seven wives.

When he inherited the position of leader, he got out of hand on the road to marrying a wife. He was either on the way to marrying a wife or on the way to marrying a wife.

His village is very remote and the so-called Indian laws are not applicable at all.

Of course, the main reason why he was able to marry so many wives was that the local area was backward. As a leader, his family's conditions were the best in the village. After those women married him, their lives were guaranteed, so that the harem could be peaceful.

In short, if you want to have more wives, you must have financial support.

When he came back, Qiaogo went directly to Singer with the contract.

"Mortgage loan?" Singer took a look at the land purchase contract handed over by Qiao Ge and asked in surprise.

Qiao Ge did not lower the land price, he had known about it for a long time, so he was surprised that Qiao Ge wanted to borrow money.

In his opinion, these two batches of cotton exports can earn Qiaogo 7 to 8 million rupees, so what else does he need to borrow?

"Yeah, Gudali introduced a few more factories, and I was thinking of buying them and renting them out as storage yards..." Qiao Ge explained the ins and outs of the matter to Singer.

After listening, Singh frowned: "Qiao Ge, the factory in Gudali is already very big for you. Isn't it a waste for you to buy 15 acres? How many people there will rent it? Even if there are , how much can the rent be? You said that if you want to do the cotton business next, you will need a lot of capital, and if you buy land, there will be millions of rupees locked in it."

Singer is not optimistic about Qiaogo's land purchase at all.

Everyone reluctantly approved the acquisition of the Kudali factory.

"That's why I took out a loan." Qiaogo said with a smile, "I will pay off the land in full, and then ask you for a mortgage, so that the money locked in the land can be reduced."

Singer was a little helpless, that was the reason, but the risk was relatively high, and the leverage was added.

If Qiao Ge's business goes smoothly, there will be no problem, but if there is a problem with one of the links and the bank loan cannot be obtained, a chain reaction will occur.

He thought for a while and decided to provide some control over the loan limit and reduce it to avoid Qiaogo's excessive debt.

Although Qiao Ge's current problem is not big, Singer feels that he cannot indulge Qiao Ge too much from the beginning.

“You need to know that the market price of land in other people’s contracts is only one-tenth of yours,” said Singer.

Qiao Ge said he understood that in order to evade taxes, those guys made the prices too low.

Obviously one acre costs 150,000 rupees, but they may write it as 15,000 rupees, or even lower.

"So, it's impossible for me to give you a valuation and loan based on the total contract price." Singer thought for a while.

"I know that, so what about the loan limit of 50% of the total price?" Qiao Ge asked.

Singer nodded and refused: "It's impossible to get 50%. I can get you 40% of the total price at most, which is 700,000."

"Uncle Singh, the general mortgage loan limit can reach 70% of the total value of the mortgage, but not 50%?" Qiao Ge wanted to try again.

It's a pity that Singer didn't answer and just stared at Qiao Ge quietly.

This made Qiao Ge feel helpless: "Okay, okay, 40% is fine. Can I get a loan today?"

Qiao Ge calculated in his mind that after the second batch of cotton payment arrives tomorrow, he will have 1.89 million rupees, plus he still has tens of thousands of rupees, for a total of 2 million rupees.

Acquiring the factory of those five people requires 2.5 million rupees, which means that his current capital gap is 500,000 rupees.

Qiao Ge doesn't want to wait until the cotton balance is paid before paying off the land purchase. A lot can happen in 2 months. What if news about the port planning comes out during this period?

By then the liquidated damages of half of the total price in the contract will be nothing at all. I believe those guys will definitely break the contract.

It's always hard to feel at ease if that large piece of land is not really in your hands.

The total price of the land in Gudalli is 1.8 million rupees. The mortgage loan is calculated as 40%, which is 720,000 rupees. Singh obviously wiped out the single digits and became 700,000 rupees, but it was enough for him to acquire the other five pieces of land.

So Qiao Ge no longer has to worry about 50% or 40%, even 30% and 540,000 is enough.