From Common Floor blog:
"Stung by Housing Loan Scam, banks and housing finance companies will seek additional security and add completion guarantee clauses into agreements before sanctioning loans to developers."Wish this would have happened long back. Then RWD would have to give the completion guarantee to the Banks, else it won't get approval for the loans. And if they fail to deliver on time, then banks will never give any loans to them again. Good thing is the new customers of RWD will definitely benefit if the banks push for the guarantee clauses in their agreements.
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