Several large
builders / promoters such as DLF Ltd,
Unitech, Hiranandani get their projects - pre-approved by specific housing loan
lenders.(Banks and Hosuing Finance Companies - HFCs)
The lender Bank or
HFC examines the legal documents of the title of that project, the stage of
construction as well as the builder's track record to complete the project in
time.
It then declares all
properties in the project to be "pre-approved".
You do not need to go
for legal & technical checks in case of a "pre-approved"
property.
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