Builders or developers with minimum 3 projects/1lac sqft experience can avail this facility.

Construction finance is beneficial for real estate developers of all sizes, including small and mid-size developers. It helps developers secure the funds needed to complete under-construction projects successfully, regardless of the scale or complexity of the development.

Construction finance typically includes options such as construction loans, bridge financing, and project-specific funding. Construction loans provide a lump sum amount to cover construction costs, while bridge financing offers short-term funding until long-term financing is secured. Project-specific funding focuses on providing capital for a specific development project.

The approval process for construction finance involves evaluating the developer's track record, project feasibility, financial stability, and the specific requirements of the project. Lenders or financial institutions assess factors such as the developer's experience, market conditions, project timeline, and cash flow projections to determine the viability of providing construction finance.