What is the APF number, and why is it important?

The APF number, or Approved Project Finance number, ensures that a real estate project has been assessed for legal, financial and regulatory compliance.

How do I verify the APF number?

Request it from the developer and confirm its authenticity with the bank that issued it.

What are the key requirements for obtaining APF approval?

Clear land ownership, approved building plans and financial stability are critical requirements for developers seeking APF approval.

Can I apply for APF approval after starting the project?

Yes, however it is recommended to obtain approval before marketing or selling units to avoid complications.

Does APF approval guarantee project completion?

No. While APF approval reduces risks, timely completion also depends on the developer’s capabilities.

Is APF approval only relevant for buyers seeking home loans?

No. APF approval benefits all buyers by ensuring project legitimacy and regulatory compliance.