Hello,
PRIVATE FINANCE Not repay the Principal amount not the ROI as its non-refundabl !!!!!!. -
Please find below documents require for Land trading, now Agriculture
land is also applicable in this process, NA land, Residential,
Commercial
1) Latest search report (not more than 2 months old)
2) Latest valuation report market
3) Property card, 6/12, 7/12
4) Purchase deed copy
5) Project Report (if applicable)
Please find below process followed
1) Initially we need to submit 2 papers latest search report and
valuation report market. Property value should be 180cr above for this
process to be applicable. Agriculture and NA both considered.
2) In 10 days if all property pap
rs which we submitted are clear then 1st level meeting will
be arranged with owner and pvt financer who will finance on our behalf
to start the process and an MOU will signed after terms and condition
are agreed. Original property will kept as security for 2 to 4 days with
pvt financer for solicitor review to check document authenticity as it
involves huge costing from our side in this process.
3) After 1st level MOU is signed, within 30 days final meeting will be
held in bank brach and an agreement will be signed between
parties and original propery papers will be submitted to bank during
agreement process after which 60 to 70% amt of property valuation will
be RTGS in owner account
5) This is not a loan but a share of profit for the property owner.
Hence, the entire amount is non-refundable and owner do not have to
repay the Principal amount nor the ROI as its non-refundable.
6) During this entire process from approval until disbursement no upfront fees will be taken from the owner.
Regards,
