Realtybills Project Approval Requirements for Builders & Developers – Annexure-B Guide

Project Approval Requirements for Builders & Developers – Annexure-B Guide

Project Approval Requirements for Builders & Developers - Annexure-B Guide

Are you a builder, developer, or promoter seeking project approval? Annexure-B provides essential guidelines for obtaining project approval efficiently. Understanding the information required from you can streamline the approval process, enhance transparency, and bolster your project’s credibility. Let’s delve into the details:

1. Builder Information:

Provide the builder’s name and address.
Include contact details such as office and residence telephone numbers, email, and mobile number.
Specify the builder’s constitution and the names of directors, partners, or proprietors.

2. Incorporation Details:

Mention the date of incorporation of your company.

3. Banking Arrangements:

If available, list the bank and branch with which you have banking arrangements.

4. Ongoing Project Details:

Outline the project details, including its name, location, and project cost.
State the construction timeline and the name of any financer involved.
Include the number of floors, approved FSI, and the number of flats/houses under construction.
Specify the construction commencement status, ongoing stage, and expected project completion date.

5. Completed Projects:

Provide the count of flats/houses already constructed.
Mention the number of flats/houses sold to date.

6. Project Challenges:

Disclose any time overruns and cost escalation encountered during construction.

7. Legal Aspects:

Detail any ongoing disputes pending in court related to the project.
List other banks or housing finance companies that have approved the project.

8. Regulatory Compliance:

Confirm whether the project has obtained plan approval from the relevant authority.
Verify that the property’s title under development is clear, marketable, and devoid of encumbrances.

Ensure your project aligns with the specified requirements before seeking approval. Following Annexure-B’s guidelines will not only expedite the approval process but also enhance your project’s credibility among stakeholders and potential homebuyers.

Remember, projects with approved home loans can benefit from smoother approval procedures. Stay informed and organized to pave the way for successful project approval.

Conclusion: Annexure-B serves as a valuable tool for builders, developers, and promoters seeking project approval. By providing the necessary information as outlined in this guide, you can navigate the approval process more efficiently and establish trust with stakeholders and potential homebuyers. Compliance with these guidelines ensures a smoother journey from project inception to completion.

Project Approval Requirements for Builders & Developers - Annexure-B Guide

ANNEXURE –B

Annexure for Approval of Projects

Information to be obtained from Builders / Developers/Promoters for approval of the Projects

1.	Name of the Builder
2.	Address:		Tel No. Office
			Residence
			E-mail:
			Mobile:
3.	Constitution
4.	Names of Directors/Partners/Proprietor
5.	Date of Incorporation
6.	Banking Arrangements with (Bank & Branch Name, if available
7.	Project on Hand
	A	Name of the Project
	B	Location
	C	Project Cost & construction time
	D	Name of Financer, if any,
	E	Number of floors and FSI approved
	F	No. of Flats/ Houses under Construction
	G	Constructions started /to be started on
	H	Stage of construction
	I	Expected date of completion of project.
8.	No. of flats / houses constructed
9.	Flats / houses sold till date
10.	Time over run and Escalation in cost of construction, if any,
11.	Details of Disputes, if any, pending in any court
12.	Name of Other Banks / HFCs who approved the project for housing finance
13.	Whether plan approval obtained from concerned authority, if so details thereof
14.	Whether Title of the property under development plan is clear, marketable and free from any encumbrances.

Project Approval Requirements for Builders & Developers - Annexure-B Guide

Annexure-2 (Revised)

Note for Approval of Project

(Projects wherein at least -1- home loan has been sanctioned)

Name of Project

Name of wing / tower

RERA No. & Date

Name of the RERA Authority

RERA Valid upto (date)

Project Status

(completed / ongoing)

Project Location

Name of Builder

Constitution

(Pvt. Ltd. Company / Ltd. Company / Partnership Firm / LLP / Proprietorship Firm)

10.

Registered Address

11.

Company PAN No/CIN No

12.

Name of the Directors / Partners / Proprietor

Name

DIN

13.

Key persons:

a)Name

b)Contact number

14.

No. of Towers

15.

Tower Details

(As per Approved Plan signed by approving authority)

Separate for each Tower

Tower Name

As per RERA

As per approved Plan

As per RERA

As per approved Plan

Tower Structure

(e.g. B1 + B2 + GF + P1 + P2 + 20 UF)

No. of Floors

No. of Flats in each Floor

Total No. of Residential Units

16.

Other Amenities

S. No.

Amenities

Yes

Gym

ATM

Club House

Garden

Walking Track

Sr. Citizen sitting area

Party Hall

Temple

10.

17.

Approved Plan Details

Approved Plan Ref No

Name of Approving Authority

Date of Approval

Expected date of completion of the project

18.

Inventory Details:

(Inventory details to be provided separately for each tower / wing.

Latest details of unsold inventory to be incorporated based on RERA or discussion with builder)

Type

(1BHK 2 BHK etc. to be mentioned separately)

Total No.

Unsold

Approx. cost per sq.ft. / sq.mtr. including amenities

Registration charges

Total Cost

1 BHK

2 BHK

3 BHK

Total

19.

No. of existing home loan sanctioned in the project

20.

Building / Tower No.

Details of existing sanction

a) Date of Sanction

b) LLPS Retail ID

c) Limit of Home Loan sanctioned

d) Disbursement status

e) Name of the panel Advocate

f) Date of TCR

g) TCR Search carried out for 30 years

h) Adverse Remark in TCR, if any

i) Name of Valuer

j) Date of Valuation Report

k) Adverse Remark in Valuation Report, if any

l) Full security description for which loan is sanctioned

21.

Details of disputes / litigations pending, if any as per RERA website

(as per the latest / current search)

22.

MCA Search reference & Date

(as per the latest / current search)

23.

Comment on CERSAI Search

24.

Whether builder/developer is in negative/Banned list (If yes, provide details)

25.

The names of the promoters, i.e. Directors/Partners/Proprietor are not included in defaulters list (Suit filed and Non-Suit filed) of Reserve Bank of India/our Bank.

26.

Brief Background of the promoters / Builders

No. of years of experience

No. of Projects completed

No. of projects delivered i.e. 100% sold out

No. of projects under construction

Other information

27.

Comments on the Project

28.

Expected Business from the Project

2021-22

2022-23

2023-24

In numbers

In value terms (Rs. in crores)

Recommendation: Recommended for Project Approval

(Name)

SMS Head

Date: