Hyderabad, Dec. 21 -- Housing Requirements Customised Solution (HRCS) India today cautioned homebuyers and investors that 'bank loan approval should not be mistaken for legal clearance of a property', warning of hidden legal risks in Hyderabad's rapidly expanding real estate market.
The advisory was issued during an online awareness webinar, titled "Buying a Home Soon? Don't Take the Risk Blindly", attended by over 100 participants, including homebuyers, investors, industry professionals and legal experts.
Addressing the gathering, D. Harshavardhan Reddy, CEO of HRCS India, said that loan approval is not the same as legal approval and described this belief as a costly misconception. He explained that banks and NBFCs often sanction loans b...