Bank of India (BOI) has a list of approved housing projects, which includes both completed and under-construction projects in Mumbai metropolitan region. Banks and housing finance companies (HFCs) usually examine the housing projects included in their approved list to establish their title and legality. They also usually go through the building plan/blueprint of those projects and oversee their construction, which increases the chances of timely delivery for the home buyers. Moreover, home loan applicants selecting housing properties from this list usually have higher chances of expedited loan sanction and approval, minimal documentation and quicker disbursement.
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