banks may extend such finance after obtaining paripassu or second mortgage charge over the property mortgaged in favour of other lenders and/or against such other security

Many Banks and other financial institutions are LENDING OR FINANCING the housing sector and more than 50% are ILLEGAL TRANSACTIONS, lending it to the irregular, illegal and buildings with deviation and violation. Please read through the MASTER CIRCULAR by the RBI. Marketing agencies, agents, brokers, builders, developers, sellers, resellers and owners STATE THAT THE PROJECT … Continue reading MASTER CIRCULAR REGARDING HOUSING LOAN BY BANKS – THE PRESENT PRACTICE OF THE BANKS TO FINANCE ILLEGAL BUILDINGS AND LAYOUTS – ANOTHER SCAM – FINANCING ILLEGAL STRUCTURES OR BUILDINGS →