will be disbursed after you identify and select the property
or home that you are purchasing and on your submission of
the requisite legal documents.
While you may be under the impression that the list of documents
asked for is rather extensive, please note that it is for
your own good. Each and every single document asked for
will be verified and checked to ensure your safety.
This may take some time but we want to ensure a clear title
and will complete all the legal and technical verifications
to ensure that you have full rights to your home.
The 230 A Clearance of the seller and / or 37I clearance
from the appropriate income tax authorities (if applicable)
is also needed.
On satisfactory completion of the above, on registration
of the conveyance deed and on the investment of your own
contribution, the loan amount (as warranted by the stage
of construction) will be disbursed by Hot Properties and
The disbursement will be in favour of the builder/seller.