What's the position of housing loan disbursement in Noida Extension project like Gaur and other project who are not disturbed by High Court/Suprime court
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  • It varies. Some bankas have stopped disbursement. I have loan from BOB for Amrapali Lesiure park. They are disbursing as Bank says there is no issue with Leisure park
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  • HDFC has stopped disbursements for Gaur City, I got the loan approved from them but cant get the disbursement.
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  • If Gaur project have problem than it's serious
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  • Originally Posted by pgarg6868
    If Gaur project have problem than it's serious


    No problem with gaur...HDFC is private bank...earlier at launch time in march 2010..they were not disbursing on DP only flexi n CLP but others were disbursing on DP....so in nutshell HDFC have more checks n procedure for disbursing loan....
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  • HDFC being a private bank should be more flexible in the loan approvals/disbursements...I can not understand how a Govt bank like BOB has not stopped disbursements in NE...(atleast this is what is being told/discussed in some of the threads in IREF)....Usually Govt/Nationalised banks have lengthy processes/paper work than a private bank like HDFC....
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  • second that...private banks are more flexible, now this situation is confusing.

    Originally Posted by adilabbas
    HDFC being a private bank should be more flexible in the loan approvals/disbursements...I can not understand how a Govt bank like BOB has not stopped disbursements in NE...(atleast this is what is being told/discussed in some of the threads in IREF)....Usually Govt/Nationalised banks have lengthy processes/paper work than a private bank like HDFC....
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  • Originally Posted by adilabbas
    HDFC being a private bank should be more flexible in the loan approvals/disbursements...I can not understand how a Govt bank like BOB has not stopped disbursements in NE...(atleast this is what is being told/discussed in some of the threads in IREF)....Usually Govt/Nationalised banks have lengthy processes/paper work than a private bank like HDFC....


    You must have read about bribe for loan scam in December, 2010 or seen it on TV when chief of LIC housing finance was arrested along with a bunch of government bank officers. Those sarkari bank officers were accused of giving loans to builders against bribes. Government banks "have lengthy processes/paper work" because that enables them to to demand and take bribes.
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  • Technically HDFC is private but in reality, they are no difference than any BABU banks.
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  • Originally Posted by pgarg6868
    If Gaur project have problem than it's serious


    Can people share status of loan disbursements in their respective projects please....
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  • Banks have stopped loaning after supreme court coments

    The Pioneer :: Home : >> Gr Noida developers face harsh realty from banks
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  • The Corporation Bank is dibursing loans for Amrapali Centurian Park. Amrapali posted an NOC issued by G Noida authority in thier website stating that ACP is not under any litigation or affected by stay orders of the court.
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  • Banks stop for disbursing of loan for gaur city-2
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  • Originally Posted by PankyChanchy
    Can people share status of loan disbursements in their respective projects please....

    I hear that they have stop disbursement of loans toprojects even in Noida too I mean upcoming projects like SRK and all... Though I am still confirming sine even I am in process of applying for the loan for aproject on Expressway
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  • are banks giving loans for extension projects now
    ?
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  • Few guys who are looking for budget homes visited NE today...prices hovering around 2100-2400 BSP. And no loans yet. But hopefully after few months things will improve...if you are an end user request you to please wait till UP elections. Rs 200 per sq feet extra is peanuts compared to peace of mind. Dont be penny wise pound foolish. My 2 cents.
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