sir,i want to check STATUS OF APF Number P1017018

sanjay satale, Mumbai

18th January 2017

Legal in Badlapur West, Mumbai

apf number

why apf no for a project is required?

what is apf number?

how do banks decide to allocate apf numbers?

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Replies (5)

now i want to go for loan with SBI bank but builder is forcing me to go with his favour banks..

vimal Big,

26th October 2021

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i had invested in ongoing construction property, and paid 50% of total amount.. now builder is not giving me apf no what should i do..

vimal Big,

26th October 2021

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Hi Abhishek,
What if a builder has got the APF No and still giving possession late? Do you think that thousands of builders whose projects are delayed by 2-10 years will not have APF NO. How do they mentioned in their brochure and sites that blaahh......blaahh.....project is approved by blaahh.....blaahh banks? It is always seen in Delhi/NCR that project has bank approvals and all but still not giving possession on time.

Deepika, Ghaziabad

24th January 2017

Comment

Well Depika,
Banks have their own parameter. Most banks consider builders who have been into construction business for a while, and have a history of completing projects on time, for at least 2-3 projects. The quality of construction an important parameter too. Banks do not consider developers who have been featured in the negative list of the Reserve Bank of India (RBI). There is an agreement signed between the developer and the bank or the HFC. Banks and HFCs insist on a clause that stipulates the action to be taken after the construction period expire.
And after having APF No, if the builder is giving delay possession then bank will stop the repayment of loan. Banks do not consider developers who have been featured in the negative list of the Reserve Bank of India.

Abhishke Karule, Mumbai

24th January 2017

Yes, it is very necessary to ask for the APF No before buying or investing in property anywhere in India. It is important to ask for the APF number or code because it is one of the easiest ways of checking if the project/property is registered, and approved by an accredited bank or Housing Finance Corporation.

Abhishke Karule, Mumbai

24th January 2017

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Hi Abhishek,
What is APF No? This is the first time i am reading this word. Is it used in real estate? How it is benefit buyers and investors? Kindly explain the terms????

Prava, Delhi

24th January 2017

Hello Prava!!
APF No- It means Approved Project Financial Number. Every project of a developer is expected to have a valid APF No. This APF No is provided by the banks or housing finance companies. The APF No denotes that the project has received all necessary approvals, and that home buyers can invest in the project without any fear about the credibility of the developers.

Abhishke Karule, Mumbai

24th January 2017

Hi Sanjay,
I am happy that you look for APF No. of the project. Will you please tell me the name of the project and the developers name so that i can give you the fair reply. Thanks...

Deepankar Godbole, Mumbai

24th January 2017

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