Housing developers require a continuous flow of fund to ensure timely completion of the project and delivery of units to the customers. On the basis of a detailed evaluation of the project, Nidus Finserv offers customized financing solutions to the developers for housing projects they are developing.
  • Construction finance to developers who are developing affordable housing projects
  • Loans up to Rs 5 Crores
  • Loans for up to 50% of the current land value
  • Flexible loan tenure up to 36 months
  • Customized loan options
  • Expert financial advisory based on detailed evaluation of the project
  • Minimum 5 years of business vintage
  • Minimum experience of completion of 3 projects in the past
  • Minimum booking of 20% out of the total units in the project
  • Minimum 15% of the construction should have been completed at the time of application
  • All the plans & permissions should be approved from Competent Authorities
  • Duly filled Application Form with photographs.
  • Identity proof, residence proof of Individuals & Firm/ Company.
  • Last 1 year banking of Individuals & Firm/ Company.
  • Last 3 years Income Tax returns along with Profit/Loss statements & Balance Sheet of both Individuals & Firm/ Company.
  • Detailed Project Report along with booking details of the current project