Scope of Scheme
For constructing residential complexes and residential cum commercial complexes only
Constitution/ Eligible borrower
q Corporate Entity
q Approval from NBCC/HUDCO in cases where borrower undertakes their project work.
q The borrower should have technical competence/employed professionally qualified persons.
q The borrower should engage reputed firms of Architects.
q The promoters should have proven track record and have successfully completed minimum 3 projects
q Only fresh proposal with exclusive banking.
q Minimum 20% of the project cost should be initially borne by the borrower and disbursement linked with the work in progress
q Finance is provided to private builders for meeting the resources gap, on commercial consideration
Quantum of assistance
Upto Rs.50 Crores
Project Cost Debt Equity Ratio
Total Debt Equity Ratio – Maximum 3:1, Long Term Debt Equity Ratio Maximum 1.5:1
Average DSCR 1.75 and above
The contribution of core promoters by way of equity capital should be minimum 33%
Period of Loan
Generally Maximum 36 months
As per bank’s policy from time to time