Construction Finance or Project Finance Loan for Real Estate Builders and Developers by      

Construction Finance or Project Finance to Builders or Developers is a unique offering under which Banks and NBFC directly finances real estate developers for projects they are developing. This product comes with customized offerings built around real estate developer’s project acquisition and construction cost basis a detailed evaluation of the project by Property Destiny

Our focus in Construction Finance is primarily on financing residential projects which give fillip to retail mortgage business.


Advantages of taking Construction Finance or Project Finace loan through Property Destiny

  1. Provides an extensive range of non home loan products like Loan for Purchase & Construction of Commercial Property, Loan Against Residential & Commercial Property and Lease Rental Discounting
  2. Pan India network

  3. Robust service delivery model – door step services ensuring easy and fast approval & disbursal of loans

  4. Excellent post disbursement services

  5. Facility of enhancement in loan amount in the event of escalations in cost

  6. Dedicated team of well-experienced employees who work on best-in-class information systems & network to deliver and provide customer satisfaction

  7. High standards of ethics, integrity and transparency

  8. Various repayment options

Why Property Destiny for your Construction Finance Loan?

  • Extensive experience of Property Destiny group in Project Financing & Corporate Lending

  • Understanding market dynamics and project viability

  • Faster decision making capability

  • Ability to underwrite large exposures (subject to regulatory norms on exposure)

Construction Finance

Construction finance helps to finance the developers/ builders for the project acquisition and construction cost. The major project related parameters are

  • Marketability / Sale Price – A preliminary study is carried out by Property Destiny in order to assess the demand and saleability of the project. A comparison is carried out with the projects in the vicinity of the project being assisted.

  • Technical aspects including valuation – Property Destiny  carries out technical feasibility through in-house and external empanelled valuers. Such study is carried out in order to determine project cost, saleable area, status of various approvals etc.

  • Tenure – The tenure of the credit facility is fixed based on the project requirement and the availability of the cash flows.

  • Pricing – All loans are floating rates linked to Banks/NBFC Prime Lending Rate with a monthly reset. The pricing is dependent upon the credit risk of transaction.

  • Promoter's Contribution – This contribution can be in the form of equity and/or land. In the case of residential projects due weightage is given to units already sold /committed receivables.

  • Approvals – Banks disburses facilities only after the Developer has obtained all the requisite project approvals from respective regulatory bodies from time to time

  • Monitoring Mechanism – Banks/NBFC obtains end use certificates, progress reports and carries out financial audits and inspections periodically during tenure of loan

​      Property Destiny team helps Builders/Developers to get the Construction Finance/Project Finance from the suitable Banks/NBFC's with lowest Interest rate and Higher Loan amount.




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