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Real Estate Forum on Bangalore Home Loans

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Q: Is it mandatory to have Form 16 to apply for loans to build a house?
Latest Answer: Form 16 is mandatory for applying home loan india and Banks required form 16 from their salaried customers and Last 3 years Income Tax returns from self-employed customers. For your Home Loan related query feel free to contact us to get expert service http://www.commonfloor.com/services/home-loan?f=1919
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Q: HI, recently I had booked a Villa in Royal Garden Upkar, Zuzuwadi, Hosur. I had applied for a loan from LIC. Now, the LIC has stopped funding the project and the reason they quote is the approval problems. What exactly do they mean this?

Latest Answer: The property rates are expected fall by 10-15% due to the amassing debt of over Rs 38,000 crore for the top 11 builders. So, the banks are not easily giving out loans to build property at this moment.
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