A bank-approved project is not a guarantee but it does add a layer of scrutiny. Lenders commonly ask for documents such as title deeds, chain documents, approved plans, occupancy certificates and non-encumbrance proof before approving premises or funding. That makes lender approval a useful practical filter for buyers.
An under-construction home can be a valuable investment, but only when you verify the builder, title, approvals, agreement, payment plan, timeline, and quality safeguards carefully. RERA and related housing documentation rules exist to make this process more transparent, but the final responsibility still lies with the buyer to check the papers, compare promises with disclosures, and proceed only after full due diligence.
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