State Bank of India (SBI) has listed its approved real estate projects for Delhi NCR region. These housing projects are inspected and verified by the bank to establish their proper title and legality. Lenders usually review the blueprint, building plan and construction of their approved real estate projects, which helps in building confidence among Home Loan applicants. Being pre-inspected and pre-verified by the lender, applicants availing home properties in approved projects usually have higher chances of quicker loan processing and disbursals.
As lenders usually provide the finance to their approved housing projects, they tend to evaluate the progress of every project’s construction before releasing the money. This improves the prospect of timely delivery of the home properties by builders/developers.
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