GOOD NEWS FOR BUILDER, GET FUNDS AGAINST YOUR UNSOLD INVENTORY
Are you a builder looking for financial solutions to unlock the potential of your unsold inventory?
We’ve got some fantastic news for you! You can now secure funds against your unsold properties, paving the way for greater flexibility and opportunities in your real estate ventures.
Key Requirements from the side of Builder to eligible to get funds:
1. Property or Collateral or inventory should be Bankable to get fund on it. 2. Collateral should free from any loan from bank or any NBFC. 3. No legal Litigation on the collateral, Title should be clean. 4. The owner should have clean CIBIL.
How it will happen or complete process.
If the project is approved by and bank or NBFC. In this case funding available in 50-50 sharing basis. The work will done in shape of buy back or sale and purchase mode. All the expense related to bank like , processing fees or insurance or margin money will be paid by builder only.
For Example : A is the builder and B is a company with good profile. A have project of flats or villa or plots and duly approved by some bank. That mean any one come to buy the bank will give loan to buy the same.
B will give his profile to A for bank loan and buy some property of any X amount. A will approved the loan from their bank for B to buy property in this process , whatever the expense will be born by builder.
Once the loan approved , B submitted the disbursement documents with A. after that A will get the money from the bank , lets says Rs.100 A got . He will give back Rs.50 to B in this manner money share in 50-50 sharing basis. Once the loan tenure over B will sell the property to A. What ever the stamp duty involve in the process will be share equally and EMI also paid by both the party equally.
Our service Charges is 3%.
Thanks Manjeet Singh 8700237256