Loan for Real Estate Developers in India
We provide loans for real estate developers in India to meet their funding requirements for completing ongoing construction projects or for buying new land for an upcoming project. Loans are given to real estate developers for the following requirements:
- For launching new construction projects
- For completing an ongoing project
- For last-mile funding
- For overtaking a previous project
- For re-launching a stalled project
- Project loan for a new project including land purchase
Eligibility Criteria for Loans to Developers and Builders
- Loans are given for profitable projects which ensures good returns to lenders also
- Builders must have a construction business background
- Builders must not be having legal issues with previous buyers
- The project must be RERA approved
- In case of a takeover of the project from previous management, the new management must have a good credit history
- Loans are given for projects located in tier 1 and tier 2 cities only
Documents Required to Apply for Loan for Real Estate Developers
- Approval certificates from all concerned government bodies including RERA
- RERA application copy in case certificate is not available
- Company/Group Profile
- Details of Previous Projects
- Last two years company financials
- Loan application request letter
- CA-certified project report
