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I have hot property that can be developed (to Customer’s requirement) for rental to Banks/Corporate Offices – property located just opposite to upcoming MRTS Station/Inner Ring Road adjacent to big School/bus stand. Do Bank give loan against Property (50% of value of property) and by taking the property on lease/rent.
thanks mr. WBinside – I am just 63 years old –
thanks for the details given = regards

1 Thought on are there banks giving loans and take hot commercial property for long lease/rent at Chennai, India?
  1. Reply
    WBinsider
    February 10, 2014 at 1:34 am

    Sir .. did not hear from you for long …..you are with a question like these here …!!
    And sitting idle .. with a tremendous potentiality in your project ?

    Any Bank will be interested – even in these days of crisis with the “sub-prime” world over.

    This will come under ‘Property Development” – a non Priority loan for the Banks.

    Go to any Bank > Central Bank of India > show them yr project with all papers > the un-encumbered land deed > search report for last 30 yrs > show them the viability >make a mortgage > ensure them that the sale proceeds will be deposited when comes > come out with the loan.

    ( Incidentally I work with Central Bank in Calcutta … mention : ur age may matter in a loan – provide the guarantors )

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