Construction Finance. The Promoter has applied for construction finance for construction of the Project from State Bank of India by mortgaging the Project Land and the constructions thereat Provided However That any such mortgage, if it relates to the Designated Apartment, shall be redeemed/discharged by the Promoter by way of repayment of the loan prior to the execution of the Sale Deed by the Promoter in favour of the Allottee in terms hereof.
Appears in 2 contracts
Sources: Agreement for Sale, Sale Agreement