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Construction Finance


The real estate industry requires a constant stream of revenue for various construction-related tasks. From the under-construction stage to the handover stage, developers must have funds available to ensure the timely delivery of housing or commercial units. Stalling a project mid-way owing to paucity of funds is a common problem faced by many housing and commercial development projects in India. Real estate developers can overcome this hurdle by availing construction loans.

 

Why Construction Finance?

 
Aditya Birla Finance offers real estate developers the option of acquiring requisite funds for their proposed or ongoing residential construction projects against the project sales receivables. The project finance is given subject to the construction plan timelines and the verified credentials of the developer. The loan for the real estate also helps the developer acquire new properties and has a specified tenure of up to 60 months.
 

Is real estate developer finance for you?

 
As a developer, your primary target is the completion of the project at hand with strict adherence to timelines and buyer's satisfaction. However, it is not always possible to start and complete every project with the requisite project cost at hand. Often, developers rely on borrowing from the market as the development progresses or diversion of funds from other completed projects. However, fluctuating trends in the market can freeze your finances and make it difficult to borrow from other sources. In such cases, you can prevent standstills in work by availingreal estate finance.
 

Features of ABFL Construction Finance

 
  • Collateral: Escrow and hypothecation of project receivables and mortgage of property.
  • Tenure: 60 months.
  • Minimum loan amount: Evaluation on the basis of the construction cost.
  • Eligibility: Evaluation on the basis of the customer's cash flow.
  • Additional benefits: Easy repayment option through Escrow mechanism with structured repayment options; ECS repayment facility; door step services.
 
Next steps...
 
  • Do you want complete product details? Download the brochure.
  • If you want to apply for property loan, download the application form.
  • Our Relationship Manager can meet you at your convenience.
 
Do you have questions?

Call +91 84259 66666
or write us at abfl-customerservice@adityabirla.com. Click here to arrange a meeting today.
 





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Important Notice

Note : We would like to inform you that we do not accept cash for any transaction.

It has come to our notice that unknown third parties, who are not affiliated with Aditya Birla Finance Limited are forging/mis-selling loan products using our name, brand or logo (explicitly and/or implicitly). Aditya Birla Finance Limited may not have any control over such any third party use of our name and therefore cannot be held responsible for any unauthorised offer, products or services which is made by forging/misusing/faking our brand name. Anyone relying on any such information without verifying and confirming the same with Aditya Birla Finance Limited shall do so at their own risk and liability as to cost and consequences thereof. We also recommend that you do not disclose your personal or financial details to anyone approaching you and claiming to be on behalf of us, unless identity of the person is established or the communication is verified with one of the branches or telephone numbers stated herein.

If you receive a product/ loan proposal from anybody with a name similar to Aditya Birla Finance Limited or claiming to be from Aditya Birla Finance Limited or Birla Global Finance Limited or Birla Finance Limited or any other name which exhibits any connection with Aditya Birla Group or if you have any doubts about such proposal, please feel free to contact Aditya Birla Finance Ltd. immediately on +91 84259 66666. Aditya Birla Finance Limited highly recommends that you ignore any suspicious product/ loan proposals. On no account should you transfer any money without properly verifying and establishing the identity of the entity involved. We once again request you to examine product/loan proposals cautiously and carefully before entering into any transaction with such entities.

 

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