menu icon

Loan approvals not to be given if the builder is out of sync with RERA

Dated on: Saturday 27th May 2017

State Bank of India has given a checklist to loan processing officers to ensure that loan approvals are given only to projects that comply with the Act. The checklist includes points like ensuring the project is registered with RERA, whether the promoter has legal title to the land on which development is proposed, if the project land is free from all encumbrances, layout plans and specifications as approved by appropriate authorities, etc. The State Bank of India has issued a circular to this effect and other banks are expected to follow suit.

More News
jcb truck1 car1 car2 truck2

About RERA Filing

RERA Services

Useful Links

RERA in states

Contact us

Disclaimer - RERA Filing is a private company which do registration and RERA Consultancy. It is not a government organisation.

Copyright © 2023 RERA Filing. All rights reserved.