SBI Loan for BIAAPA Approved Plot in gated community?

Q: Hi,
I'm looking out for plots in Devanahalli and most of the plots are BIAPPA approved. I'm more inclined towards SBI for home loan and was wondering if people from this group have availed plot home loans through SBI in BIAAPA approved layouts?

I've got multiple inputs from SBI HLC, SBI SecCaps, SBI Kormanagala RACPC office.
Few say they do approve.
Few say they don't as BIAAPA is outside Bengaluru and private layouts outside Bengaluru are not being considered by SBI from recent circular (Which I couldnot find anywhere online).

Please share your experience.

Prateek, Apartment Resident

24th March 2017

Home Loan in TGH Classic Bulwark Village, Devanahalli, Bangalore

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Replies (2)

Hi Prateek, as far my knowledge you can get the loan.There will not be any issue with BIAPPA approved. Reply your mail address i ll forward you some agent number they will make your work done.

kumar,

27th June 2017

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As far as I know the project has got approval from banks like ICICI, HDFC and Axis banks.You can try talking to those SBI banks who told you that they do approve BIAPPA approved property.
What is the recent circular all about?

Mangal P, Bangalore

29th March 2017

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