Rajesh Sabbani

  If a project is NOT approved by the bank , should a buyer buy it or not? 4 ❌ Short Answer: Do NOT buy a project that is not bank-approved (especially for first-time or salaried buyers). 🔍 What does bank approval actually mean? When a bank approves a project, it has already verified: Land ownership & clear title Legal approvals & sanctions RERA registration Local authority permissions Builder credibility If the bank rejects it, something is wrong or incomplete . 🚨 Risks if you buy a non-bank-approved project ❌ Home loan not possible – You must pay full cash ⚠️ Legal disputes – Land title or approvals may be missing 🏗️ Construction risk – Project may stop midway 🔁 Low resale value – Future buyers also won’t get loans 🛑 RERA issues – Project may be illegal or non-compliant ⚠️ When can you still consider buying? (Rare cases) Only if ALL below are true: You are buying with full legal verification by a property lawyer Project is RERA registered (check on state R...

Here’s the crisp low-down from the article—and a practical playbook you can use right away. Key takeaways (from the piece) A startup founder (Siddharth Mukund, Rainbow Money) says India’s problem is a supply–demand mismatch , not just prices: in metros, population-to-housing supply ≈ 10:1 , vs ~3–5x lower in many developed countries. India simultaneously has ~11 million vacant urban homes yet a ~19 million unit shortage , largely in the affordable segment—developers chase luxury, creating a “distribution mismatch.” Structural drags: land politics, investor speculation, FSI limits, black money , leaving end-users with weak bargaining power. A common math today: rents ≈ 3% of home price , while home loans cost ~8–9% , so renting can be rational for many in their 30s–40s (and invest the surplus). Big idea: You’re not behind if you rent—optimize for peace and choice until numbers work. Step-by-step buy-vs-rent playbook Price-to-rent reality check Compute rent yield = (annua...