Banks to finance redevelopment projects
Good news for residential societies in Mumbai who could not set its aim for redevelopment!
There are many residential colonies in the major cities which could not go for redevelopment due to low affordability.
Now, banks in Mumbai has taken up the charge to finance those projects in the city.
It will be a good opportunity for the current residents to have a larger area of their own. The costs of redevelopment will be handled by the builder and the financial institution.
Source: Business Standard
Tags:
Banks, Banks in Mumbai, Builder, Costs of redevelopment, Financial institution, Mumbai, Redevelopment, Redevelopment projects, Residential colonies, Residential societies, Residential societies in Mumbai, Residents
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