Bank Finance

Q: Hi,

I have recently buy an apartment as Re-sale in Emeralds Estate. But a little worry ab't that because the construction has not been started yet.
I am trying to get an approval for home loan for the said property. But most of the bank / financial institutions saying that developer might have not yet received their maps approved, that’s why they are not providing home loan as of now.
Failure of Dubai World is also a serious concern here.
Does anybody have any other information? Can you please share that with the group?
Also please let me know if someone has got home loan approval if yes from which institution?

Thanks & Regards

Vipin

Vipin Goyal, Apartment Resident

26th December 2009

Emaar MGF Emerald Estate, Sector-65, Gurgaon

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Gurgaon Sector-65 Emaar MGF Emerald Estate

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https://www.facebook.com/groups/emeraldestategurgaon/

Sumeet Kapur, Gurgaon

12th April 2014

Comment

Thanks Deepak for your reply. Naren has informend me that he has got his agreement.
~Vipin

Vipin Goyal, Apartment Resident

8th January 2010

Comment

Dear Vipin
Your concerns are same as ours..but i guess we need to give this a little more time. HDFC has been very eager to give me the loan, though I have not taken it as yet, but you may Contact Luv at9868085930. Lets keep in touch. Pls let me know when you receive the agreement from Emaar.

Deepak , Apartment Resident

8th January 2010

Comment

Thanks Naren for your reply.

I contacted them, and they are now saying that construction likely to be started in Feb 2010.

Have you received the Buyer's agreement yet?

~Vipin

Vipin Goyal, Apartment Resident

4th January 2010

Comment

Vipin..they do not have sanctions of floors as per SBI Loan div...have not taken loan yet but HDFC and LIC was funding on this project...But construction is not certain when they will start.

Naren Sabharwal , Apartment Resident

31st December 2009

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