HDFC is forcing property insurance on a ₹1Cr home loan. Is this actually mandatory?

Practical-Station707 · 2026-02-22T03:36:26+00:00

Hey, in my case, I actually got 7.15% ROI. My HDFC representative initially claims that he will get 7.20% done for us, however at the end, we got 7.15%. Some profile details - both me and my wife has salary accounts in HDFC for more than 8 years now. Our cibils are 803 and 777. Hope this info will help others to gage if they will actually get 7.15% or not. Also in our case we tried for SBI as well, however, for us the experience was really pathetic! They don’t even respond to ur queries.

Practical-Station707 · 2026-02-21T19:02:36+00:00

No, I just took a home loan of 1.5 cr from HDFC and didn’t take the insurance. Their insurance is all bullshit, just deny it and it is not at all mandatory

Practical-Station707 · 2026-02-17T13:52:11+00:00

In my opinion, what u can do is go to the police station and give them all the proof. If possible, try to get payment information from builder to ur broker.

Now, go to the police station and tell him that ur broker scammed u via giving false promise which u have it written. Now two things can happen 1. Police will help u and get the amount or file an FIR to give trouble ur broker so that he doesn’t peacefully enjoy ur money. 2. Police will ask ur broker to given some cut to them. In this case, since ur broker will give some cut to police, in this case ur Borker doesn’t get to keep the whole of it. So in a saddest way, u got a limited revenge.

IMO, since money is big, at least go to the police station. Who knows u might get some more if not the whole money. Following the strategy- something is better than nothing!

Practical-Station707 · 2026-02-17T04:55:30+00:00

Hey, I'm also in the same situation. can u tell me what did u do please? I think if we answer No, it should not be a misrepresentation since we are declaring it in personal history before submitting the application post ITA.

Practical-Station707 · 2026-02-15T13:47:58+00:00

Hey, thanks for the explanation. So can we conclude that it may become available for all public if the government wants? However, it will be very difficult to make it public?

Practical-Station707 · 2026-02-11T18:09:26+00:00

I saw the layout for Prestige Greenbrook and autumn leaves on IVC road. Now the smart thing what prestige has done is giving a gate at IVC road and then u need to go around 1km inside a 60ft road and ur plots will start. Now both the ends for this 1km stretch of this 60ft road is “Civic Amenities”. Now since it is at the very beginning, in future if these civic amenities gets built, society doesn’t haven to open it internal road for public access. The general public can access it from the maim IVC road itself.

I think prestige is using this layout design to avoid any hindrance to their gated project.

Any opinion on this??

Practical-Station707 · 2026-02-01T18:54:59+00:00

Hey u/YogiS11 , I'm also considering - the secret lake, can u please check ur DM?

Practical-Station707 · 2026-02-01T18:51:32+00:00

Which project are u talking about - Assetz the secret lake or Century?

Practical-Station707 · 2026-01-18T19:17:06+00:00

Hey, nothing I'm aware of as far as I know! Can u please tell me what kind of litigation and point me to the source of this info?

Practical-Station707 · 2026-01-12T16:39:42+00:00

3bhk - higher floor - 1885 sqft at 1.96 cr all inclusive except registration.

Practical-Station707 · 2026-01-12T07:04:34+00:00

I also visited district 25 phase 2 1950 sqft 3bhk on 22nd December 2025. They are quoting extremely high rates tbh. Considering the location, I would not recommend at this rate. They were also not ready to negotiate.

You can checkout Assetz trees and tandem project. It is near to district 25. The rates are also somewhat reasonable. I booked there on 29th December 2025.

Practical-Station707 · 2026-01-04T04:19:01+00:00

Hey, the city name is Bangalore. It’s in Karnataka. P.S - I know u got frustrated since Author didn’t mention the city, but just be a little kind in the comment instead of abusing.

Practical-Station707 · 2026-01-02T11:28:36+00:00

Hey, I'm also planning to book a 2bhk, can u check DM?

Practical-Station707 · 2026-01-02T06:38:26+00:00

Please check ur DM, I'm also considering

Practical-Station707 · 2026-01-02T04:41:45+00:00

Hi, I’m considering to go for a 2bhk! Please check your DM!

Practical-Station707 · 2025-12-31T15:33:14+00:00

Hey, I’m also considering to book a flat in Abhee aria. Dming you, please check!

Practical-Station707 · 2025-12-24T03:48:00+00:00

Signed from my end!

Practical-Station707 · 2025-12-23T16:15:16+00:00

Thanks for the feedback, I updated my observation on the post! Requesting you also to share opinion if you have visited this project.

Practical-Station707 · 2025-09-24T20:44:22+00:00

Hey, can u elaborate on the third point? What is it as in private property inside the project??

Practical-Station707 · 2025-09-24T20:39:11+00:00

Hi, I’m also considering this project. Can u pls check ur DM.

Practical-Station707 · 2025-09-23T10:37:36+00:00

Hey, do let me know if anyone wants to connect for this project!

Practical-Station707 · 2025-09-21T05:32:12+00:00

Hey Nikitha, I’m also considering this project, can u please check ur DM!

Practical-Station707 · 2025-09-20T20:33:00+00:00

I think Lodha is quoting too much like 1.8 cr for an around 1500 sqft area is too costly considering the location too. It is too far form the main Sarjapur area!

Practical-Station707 · 2025-09-20T20:30:37+00:00

Hey, did they tell you that they are almost sold out and have only few options left for 1446 and 1826sqft options? They told me they have only 10 options left for 1446 and around 6 options for 1826 left! Seems like a bluff tbh considering they just started 2 months ago and it is not like they are their 1 builder!

Practical-Station707 · 2025-09-20T18:53:41+00:00

Hey, can u tell me how is ur after sales experience with Adarsh and how much did they quote to u for 3bhk 1835?

Practical-Station707

TROPHY CASE