Thursday, October 15, 2009

FINANCE FOR HOUSING PROJECTS

The Hon'ble High Court of Judicature at Bombay observed that the bank granting finance to housing /
development projects should insist on disclosure of the charge / or any other liability on the plot, in the brochure, pamphlets etc., which may be published by developer / owner inviting public at large to purchase flats and properties. The Court also added that this obviously would be part of the terms and
conditions on which the loan may be sanctioned by the bank.

0 comments:

Post a Comment