No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2011-12/245 · issued 03 Nov 2011 · ~1 min read
Quick answerRBI extends housing project disclosure rules to commercial real estate. Banks must now require developers to disclose property mortgage to the bank in all pamphlets, brochures, and advertisements for CRE projects, ensuring transparency for buyers and lenders.
What changed
Previously, only housing projects required developers to disclose property mortgage to the bank in public advertisements. Now, the same rule applies mutatis mutandis to all Commercial Real Estate (CRE) projects financed by banks.
What it means for you
Banks lending to CRE projects must now include a clause in loan terms mandating developers to disclose the mortgage in all marketing materials. This reduces information asymmetry for buyers and protects banks' security interests by making encumbrances public.
Historical instruction — do not use for current compliance. This is what was required at the time; it no longer reflects current RBI requirements. If no replacement rule is linked above, that only means none is recorded on our register yet — it does not prove no later applicable rule exists. Confirm on the official RBI source below.
What banks were required to do at the time
Update loan agreements for CRE projects to include a mandatory disclosure clause for mortgage in all advertisements and brochures.
Verify that developers comply with the disclosure requirement before disbursing funds for CRE projects.
Train credit and monitoring teams on the extended scope of the August 2009 circular to cover commercial real estate.
Review existing CRE loan portfolios to ensure compliance with the new disclosure norms.
Who it affects
Scheduled Commercial Banks (excluding RRBs), CRE developers and borrowers, Bank credit and monitoring departments
❓ Common questions
Regulatory timeline
Decoded by BankPulse2026-06-18 22:59 IST
repealed_by — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
Status change: withdrawn03 Aug 2026, 04:00 IST
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
When did this circular take effect?
The circular was issued on November 3, 2011, and was effective from that date for new CRE financing arrangements.
📜 This document’s life story (1 recorded event, each backed by RBI’s own words)
Repealed byRBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
RBI’s words: “Official withdrawal register entry #1422: DBOD.BP.BC.No.45/08.12.015/2011-12 — "Guidelines on Commercial Real Estate (CRE)" dated November 3, 2011”
📜 Read the original circular — full text as issued by RBI
RBI/2011-12/245
DBOD.BP.BC.No. 45 /08.12.015/2011-12
November 3, 2011
All Scheduled Commercial Banks
(excluding RRBs )
Dear Sir,
Guidelines on Commercial Real Estate (CRE)
Please refer to the circular DBOD.No.Dir.(Hsg).BC.31/08.12.001/2009-10 dated August 27, 2009 on ‘Finance for Housing Projects’. Banks were advised, inter-alia, to stipulate a clause, in the terms and conditions of granting finance to specific housing/development projects, regarding disclosure of mortgage of property to the bank in the Pamphlets / Brochures/ Advertisements etc., which may be published by developer/owner inviting public at large to purchase flats and properties.
2. On a review, it has been decided that the provisions contained therein will be, mutatis-mutandis, applicable to Commercial Real Estate also.
Yours faithfully,
(Deepak Singhal)
Chief General Manager-in-Charge
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2011-12/245 · issued 03 Nov 2011. The plain-English explanation above is BankPulse’s own independent summary.
Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.
BankPulse Compliance Evidence Pack — generated 03 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly). Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=6795&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
Help us keep this accurate
Found an inaccuracy or have an improvement? Tell us. Every report is reviewed by our team before any change is made — nothing goes live unverified.
Public beta — plain-English informational summaries. Always verify against the official RBI source (circular number cited on every page) before making compliance, credit, treasury, audit, or operational decisions. · Join our WhatsApp channel ↗
BANKPULSE · FREE DAILY BRIEF
Get RBI updates for your role
Every important RBI update, decoded in plain English — for your career, exams & financial awareness.
We collect only your email, name and role, used solely to send your brief — never sold or shared. Withdraw anytime via the unsubscribe link in any email. Independent platform, not affiliated with the RBI. Information, not legal advice.
REPORT AN ERROR · BETA
Spotted an error? Earn 500 BankPulse Credits
Help us stay accurate. If your correction is verified true and approved by our founder, you earn 500 BankPulse Credits — redeemable when the platform monetises.
Reviewed by a human before any credit is awarded. We never change the site from crowd input without verification.
WANT A NEW FEATURE · BETA
What would make BankPulse more useful for you?
Tell us what to build next — a tool, a data view, a role page, anything. We read every suggestion.
Thank you — your ideas directly shape what we build.