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Real Estate Forum on Pre Approved Property

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Q: I am planning to invest on this project. Kindly share some information...
Latest Answer: Hi Nilufar, Supertech Group has launched a new residential tower, 76 Canvas as a part of their mega residential project Supertech Hues. This new residential complex will offer luxury apartments and is based in a vast natural green area of 70 acres in Sector 68, Gurgaon. This project is located in one of the prime residential decent location with good environment.
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Q: What is a pre approved property? Is there any legal hassle in owning a property in such project?

Latest Answer: 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.
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