Important Question And Answer: Civil - Housing Finance And Project Appraisal

HOUSING FINANCE AND PROJECT APPRAISAL

1.                      Appraisal by specification.

In this method the, materials and labor used for construction are checked for the standard specification. The standard data prepared already is used as a guideline for the Appraisal.

2.     Appraisal by the

The Persons with sufficient technical knowledge and qualification are involved in construction. The are controlled by project manager or project head, who is very well experienced and have sound technical knowledge in all parts of construction.

3.     What are Housing finance.

a.   Issue of house loans

b.  Rent Supplements

c.   Long Term loans in easy installments

d.  Tax Relief.

4.     Documents for housing loans.

a.   Cost estimate of the project

b.  Parent or mother documents

c.   Income certificate

d.  Approved building plan by the competent local authority

5.     Define Cost recovery

The loan amount is made to be paid by the house owner by selling the house to others to get back the loan amount. This is called cost recovery

6.     What is loan recovery

After the release of the repayment starts the repayment in the from of EMI (equated monthly installment) for the duration of 10 to 15 years based on the income level of the client. This EMI includes principle amount and interest for the loan.

7.What is cash flow analysis

The analysis of flow of money or requirement of money to be well in construction at various of the work is called cash flow analysis.