Firstly the purchaser has to enter into a Registered Agreement of Sale with the builder and pay the requisite margin money. Then he has to approach the financial institution and collect the necessary details including application form from them. <img alt="" src="/imagedata/2011/apr/new-flat.jpg" border="5" /> On application, copy of registered agreement, registration receipt, receipt of payments made and NOC from Builder have to be handed over to the financial institution. In case of purchase of a new flat, loan will be disbursed in instalments depending on stage wise progress of work. Supporting documents: Requirements for salaried applicants: &gt;&gt;u00a0Employer's salary certificate in requisite format/and latest salary slip. &gt;&gt;u00a0Photo Identity. &gt;&gt;u00a0TDS certificates, ESIC/ PPF certificate. Requirements for Businessmen/Self-employed &gt;&gt; 3 years IT returns together with P/L account, etc duly certified by a Chartered Accountant.

Firstly the purchaser has to enter into a Registered Agreement of Sale with the builder and pay the requisite margin money

Procedure for buying a new flat

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Procedure for buying a new flat

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