ICICI Bank approved real estate projects refer to housing projects inspected and verified by the lender to establish their proper title and legality. The lender usually reviews the building plan, blueprint and construction of their approved housing projects as it increases trustworthiness among the home loan applicants. As the lender has already examined and verified the housing properties, ICICI Bank Home Loan applicants availing these properties usually have higher chances of faster loan processing and disbursals.
Lenders are usually responsible for providing finance to their approved housing projects. They also tend to monitor the progress of a project’s construction before releasing the money. These steps also enhance the prospect of timely delivery of housing properties by builders/developers.
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