Builders and real estate developers may no longer get large sums of money as loans at one go from the government. The Reserve Bank of India (RBI) has advised the state and Central urban cooperative banks to link the sanctioned individual housing loans to construction stages, interest/EMI etc before disbursing such loans to them. Known as "innovative housing loan schemes", banks generally disburse sanctioned individual housing loans to builders as a lump sum instead of linking it to the stages of construction...........
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