{"id":86421,"date":"2020-01-11T16:13:27","date_gmt":"2020-01-11T10:43:27","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=12876"},"modified":"2020-01-11T16:13:27","modified_gmt":"2020-01-11T10:43:27","slug":"sbi-announces-residential-builder-finance-with-buyer-guarantee-scheme","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/sbi-announces-residential-builder-finance-with-buyer-guarantee-scheme\/","title":{"rendered":"SBI announces &#8216;residential builder finance with buyer guarantee&#8217; scheme"},"content":{"rendered":"\n<p><strong>News:<\/strong>State Bank of India (SBI) has announced a &#8216;residential builder finance with buyer guarantee&#8217; (RBBG) scheme.<br><\/p>\n\n\n\n<p><strong>Facts:<\/strong><br><\/p>\n\n\n\n<p><strong>About the scheme:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The scheme aims to give a push to residential sales and improve home buyers confidence.<\/li><li>Under this scheme,the SBI will issue a guarantee for completion of select residential projects to customers who have availed home loans from it.&nbsp;<\/li><li>The scheme will focus on affordable housing projects priced up to 2.50 crore rupees in 10 cities initially.<\/li><li>The guarantee would be given by the bank till the project gets the occupation certificate(OC).<\/li><li>However, the guarantee will be available only for RERA registered projects and a project will be considered stuck after it crosses the RERA deadline.&nbsp;<\/li><\/ul>\n\n\n\n<p><strong>Additional information:<\/strong><br><\/p>\n\n\n\n<p><strong>About Real Estate (Regulation and Development) Act(RERA),2016:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The Real Estate (Regulation and Development) Act(RERA),2016 seeks to regulate the real estate sector.It seeks to empower and protect property consumers and make transactions fair and transparent.<\/li><li>The act establishes Real Estate Regulatory Authority(RERA) in each state for regulation of the real estate sector and also acts as an adjudicating body for speedy dispute resolution.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News:State Bank of India (SBI) has announced a &#8216;residential builder finance with buyer guarantee&#8217; (RBBG) scheme. Facts: About the scheme: The scheme aims to give a push to residential sales and improve home buyers confidence. Under this scheme,the SBI will issue a guarantee for completion of select residential projects to customers who have availed home&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/sbi-announces-residential-builder-finance-with-buyer-guarantee-scheme\/\">Continue reading <span class=\"screen-reader-text\">SBI announces &#8216;residential builder finance with buyer guarantee&#8217; scheme<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3995,856],"class_list":["post-86421","post","type-post","status-publish","format-standard","hentry","category-economy","tag-resident-builder-finance-scheme","tag-sbi","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704766020},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86421"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86421\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}