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Home > Forum > Mumbai > Other > What is a pre approved property?

What is a pre approved property?

Q: What is a pre approved property? Is there any legal hassle in owning a property in such project?

pre approved property
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Renowned builders in metro cities get pre approvals by the financial institutions and banks. Such properties are pre approved based on the builders' track record, their timely delivery, stage of construction, legal documents, title of the project, etc. The bank then declares all properties in the project to be “pre-approved”. You do not need to go for legal and technical checks in case of a “pre-approved” property.
Jerome Fernandez


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