R
Riya Agarwal
posted on 12 MaySalarpuria Sattva Lake Ridge: Loan approval experience?
Under-construction projects always make me nervous about funding. Salarpuria Sattva Lake Ridge dekh raha hun Gachibowli mein. Bank loans easy mil jaate hain kya for their projects? Any specific bank issues?
#salarpuria-sattva#sattva-lake-ridge#bank-loans#gachibowli#under-construction
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I booked with them in their other project, not Lake Ridge, but also in Gachibowli. HDFC Bank was super smooth for me, got approval in less than 3 weeks. But this was pre-COVID. Now, with the interest rates going up and overall market being a bit slow, banks are definitely more cautious. They'll scrutinize your income proofs more strictly. Have you checked their RERA status for Lake Ridge? Any red flags there?
Revised dates are the norm these days. Builder ne date extend kar diya, lol.
U3, I checked RERA for Lake Ridge. It shows a revised completion date of March 2026. Original was earlier. This itself is a red flag. Banks might take this into account.
Totally agree with U1. Salarpuria is an old name (since 1986, right?), so banks trust them. But the real headache starts after sanction.
Salarpuria Sattva? Hmm, their projects are usually good on paper but completion dates ka thoda issue rehta hai. My cousin had a tough time with their project near Ameerpet. Loan toh mil gaya tha for him from SBI, but then delays started. So, banks won't be the problem, builder ki timeline might be.
U6, my friend got an SBI loan for his flat in Attapur last year. It took almost 6-7 weeks because of all the paperwork and property valuation process. Interest rate was 7.8% then, but now it's definitely higher, closer to 9%. SBI is thorough, but if your documents are clean, it's generally fine. Just be patient and follow up constantly.
U1, SBI se loan process mein kitna time laga tha aapke cousin ko? And interest rates kya the then? I'm also looking at SBI for Lake Ridge.