Add new comment

Stanly Chirayath's picture

If you are confident that your building will have 20 years "Residual Life of Property", I don't see any obstruction sanctioning RML. It has to be assessed by SBI authorized engineer.

One thing is not clear from your query - the status of ground floor?

RML fund can be used other than speculative, trading and business purposes.

The RML amount depends the valuation done by SBI personal.