Financing

At the outset, our construction timeline was delayed due to several years of permits approval processes amidst opposition (read more here and here ). Compounding these hurdles, the unforeseen challenges of the COVID-19 pandemic and escalating inflation significantly impacted our initial budget. Prior to 2020, this building was initially estimated at 5 million dollars to complete, now it has risen to an estimated 8+ million dollars. Despite these adversities, RKMCC commitment to this crucial project has not wavered. Construction on the new building commenced in May 2022 and is exclusively funded through contributions from devoted supporters and well-wishers, encompassing donations, loans, and participation in our diverse fundraising activities.

Details Amount       
(as at  30 Nov 2024)
Total Funds Raised as of Nov 30 , 2024 towards new building 2,110,181.00
Total Loans taken for new Building: 3,596,000.00
Total $ expenses on new building thus so far 5,259,952.00
$ needed to obtain Partial Occupancy 2,500,000.00
Latest Estimate to complete building  8,500,000.00
* This table statistics reported is at 30 Nov  2024 and will be updated quarterly
NB: You can further contribute to the completion of the mandir by either providing a loan or making a pledge or help us with our events to raise funds. To arrange a meeting for discussion, please reach out to Dwarka Persaud at president@radhakrishnamandir.ca or call 519-240-0870.