Housing Project

Construction finance for eligible residential projects

Real estate is the largest supplier of employment in the society. It is also the key contributor to the economic growth of a nation. Add to this, here is a government immensely focussed to provide housing for all by 2022 which has resulted in further demand of housing especially in the affordable segment. Our construction finance loans are intended to provide working capital to such developers so that they can successfully complete their projects and add to the housing stock of the economy. Housing Project funding can be used for eligible residential construction projects and houses. Where a plot is purchased together with construction, the plot and construction components may be booked through linked loan accounts, subject to Capri's assessment and documentation requirements.

Who can apply

Eligible builders, developers and companies undertaking qualifying retail residential projects may apply. Every application is subject to Capri's credit, legal and technical assessment, the location-specific policy and completion of the required documentation.

Purpose

Construction of eligible retail residential units and houses.

Loan amount

Housing Project is provided up to Rs. 5 crore.

Tenure

Minimum 6 months and maximum 60 months, including a principal moratorium of 18 to 24 months, as approved.

Interest rates

We offer construction finance for an interest range of 14% - 17%.
CGHFL follows risk based pricing approach by taking into account, broad parameters like borrower’s credit profile and collateral type. Applicable interest rate is a function of company’s cost of funds and prevailing market rates at the time of sanction.

Security

The entire project land parcel along with construction thereon is the security for the loan. Additionally, guarantees of the promoters/partners are required and assignment of entire project receivables.

Benefits

Plan financing around the expected cash flows of the project.
Receive construction-linked disbursals after technical verification of progress at site.
Access a project-focused assessment covering legal title, technical feasibility, construction cost and repayment capacity.
Use a structured repayment plan with a principal moratorium aligned to the construction stage, where approved.
Benefit from ongoing construction and cash-flow monitoring during the loan tenor.