High-technology Future

High with tech

Menu
  • Home
  • Business
  • General
  • Application
  • How To
  • Tech
  • General
  • Blog
  • Marketing
Menu

New scheme of SBI! If the builder did not give the house on time, the bank will return the home loan money

Posted on December 31, 2019January 9, 2020 by hightechnologyfuture
Sponsored Links

The State Bank of India (SBI), the country’s largest government bank, has launched a unique scheme to bring the real estate sector going through the downturn in the right condition. Under this scheme, if the homebuyers cannot get possession of the house on the scheduled time, then the bank will return the entire principal amount to the customer. This refund scheme will be valid till the builder gets the Occupation Certificate (OC).

People who are in trouble due to lack of possession will get benefit

Under this scheme called ‘Residential Builder Finance with Buyer Guarantee Scheme’, a home loan can be available for a house worth a maximum of Rs 2.5 crore. In this, builders who follow the conditions of the bank can also get loans ranging from Rs 50 crore to Rs 400 crore. SBI Chairman Rajneesh Kumar said that the scheme that we have launched will have a big impact on the real estate sector as well as the house buyers who get into trouble due to not getting possession of the house.

He said, ‘After a lot of changes in the Real Estate Regulation and Development Act (RERA), Goods and Services Tax (GST) rules and demonetisation, we realized that giving homebuyers a timely home and getting their money stuck This is a great way to save. In the first phase of this scheme, SBI has entered into an agreement for three projects with Suntec Developers of Mumbai. These projects will be made in the metropolitan region of Mumbai.

This is how this scheme will work

Rajneesh Kumar explained that if a buyer has booked a flat of Rs 2 crore and has paid Rs 1 crore. In such a situation, if the project gets stuck, we will refund the buyer 1 crore rupees. The guarantee period will be linked to OC. This guarantee will be available for RERA registered projects. The project will be considered stuck after the time limit of RERA is exceeded.

Government took these steps

Various efforts are being made to promote the real estate sector struggling with sluggishness. The Central Government has created an Alternative Investment Fund (AIF) worth Rs 25,000 crore to give relief to developers with unfinished projects.

Leave a Reply Cancel reply

You must be logged in to post a comment.

Recent Posts

  • What Is OneScore Apps
  • How To Turn Off Joined Signal Notification?
  • How To Activate Two Step Verification On Facebook?
  • How To Know How Many SIMs Are Activated On Aadhar card
  • What Is Great Learning Apk File
  • How To Start Computer And Laptop Repairing Business?
  • How To Start Bike Spare Parts Business?
  • How To Start Catering Business?
  • What Is Twinme – Private Messenger Apk File
  • How To Change And Reset PhonePe UPI PIN?

Archives

  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019

Categories

  • Application
  • Blog
  • Business
  • General
  • How To
  • Make Money
  • Marketing
  • Politics
  • Sports
  • Tech
  • Tips And Tricks
  • Uncategorized
  • What Is?
  • World

Tags

5 Best Fitness Tracker Smart Band In India 5 Best Smartphone App Arogyasetu Asus Zenfone Max Pro Smartphone Best Application To Watch Live Cricket Match Business Ideas for Diwali In India Delhi News Donald Trump's grumpiness Five Useful Tips To Get A Good Job Google Search grocery Help People How To Break The Pattern Lock Of Any Phone? How To Create Telegram Group How To Create Telegram Group on Android & Pc How To Do Whatsapp Call Recording? - How To Open Paytm Payment Bank Account? How To Take Samsung Mobile Retail Franchise? Huawei Infinix Hot 8 Smartphone Infinnix Note 7 Smartphone Launched Today In India Internet JioMart Kashmiri Know Features Price And Review Market Oneplus Nord Personal Branding Realme C3 Smartphone Redmi 8 Smartphone Ronaldo Samsung Galaxy M51 Review Samsung Galaxy M51 Smartphone Samsung Galaxy M51 Smartphone Lunch in India Samsung Galaxy M51 Smartphone Lunch in India Know About Feature Price and Review Samsung Galaxy Watch 3 And Galaxy Buds Have Launched In India ; Know What Is The Price And Specfection ? Tecno Camon 15 Telegram Top Best Smartphone Under 10000 What Is A Narco Test? What Is MX TakaTak Application And Why Is It Used World's Top 4 Airlines ZenPhone Max M2 Smartphone चेन्नई सुपर किंग्स

Site Information

  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms & Condition

Get Latest Updates Via Email

Loading

About Us

Welcome to hightechnologyfuture, your number one source for all News. We’re dedicated to providing you the very best of News, with an emphasis on best news. Founded in 2018 by Raj, hightechnologyfuture has come a long way from its beginnings in India. When Raj first started out, his passion for Blogging drove them to start their own business. We hope you enjoy our products as much as we enjoy offering them to you. If you have any questions or comments, please don’t hesitate to contact us. Sincerely, Raj
©2022 High-technology Future | Design: Newspaperly WordPress Theme