Construction Finance

Construction Finance is available to developers / builders who have marketable projects / in demanding areas.

Types of funding:

  • Construction funding – financing cost of project
  • Discounting of receivables towards flats/ apartments already sold or to be sold
  • Inventory Financing

Features

  • Loan available to real estate developers / builders
  • For developing and constructing Residential / Commercial Premises
  • In Tier 1 / Tier 2 Cities Tailor made offerings to suit customer needs.
  • Flexible loan repayment terms with Moratorium period for principal and Overdraft facility
  • Tenure depending on project details and sales schedule. 

BENEFITS

  • Quick turnaround time
  • Professional & transparent approach
  • Customized offerings to suit customer needs.
  • Flexibility in tenor and repayment options.
  • Extensive experience of Gamma  Real Estate Advisory in:
  • Marketing of the project (sale/rental)
  • Joint Venture/collaboration, land acquisitions etc.
  • Arranging large funding from banks/Financial Institutions Arranging Bank Guarantees
  • Facilitate tie-ups with banks/HFCs to provide housing finance to customers (home buyers)

Eligibility

  • Income / Cash flow to establish source of repayment
  • Detailed evaluation of the project by Gamma Finance
  • Projects in Tier 1 and Tier 2 Cities.
  • All projects approvals should be in place.

Documentation

  • Application Form
  • Project profile along with detail evaluation.
  • Loan Agreement
  • Mortgage deed related to project land and construction thereon.
  • Guarantee Deed
  • Copy of all statutory approvals regarding project.
  • Income/Cash flow to establish source of repayment
  • Other basic documents.

Terms and Condition

  • Availability of Loan is subject to the feasibility of the project, integrity of the promoters and validity & value of securities to be kept as collateral.
  • All necessary approvals and NOC from various departments and authorities has to be obtained before Loan application.
  • Detail scrutiny about the project and the validity of the security to be kept as collateral, will be done by Gamma Finance before disbursement of loan amount.