Does GHMC/Hderabad have specific rules for mortgaging a property during construction ?

Q: looking to see what sort of rules GHMC follows in applying mortgage on new building before construction to ensure builder is meeting the specs ?

rao, Hyderabad

31st October 2016

Builder Review in Hyderabad

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As per the mortgage rule,the builder or owner has to mortgage certain portion of the building with the municipal corporation.If the developer or owner constructs the building as per the sanctioned plan and obtains Occupancy Certificate from the corporation,the civic body releases his mortgaged portion to the owner.

Link: http://www.exclventures.com/%5Cnews%5Cnewslink-10984.asp

Govind Naidu, Hyderabad

3rd November 2016

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PropKeep, Delhi

11th November 2016

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