Read the following paragraph and answer the question which follows. Bookings for the dream project of Ashiana builders' new building are underway. The building for which construction is due to start next month has flats costing a minimum of Rs.80 lakhs. Bank B offers 100% loan scheme in which Rs.15 lakhs is provided by the bank at the start of construction, Rs.25 lakhs after one year of the start of construction work and Rs.10 lakhs every subsequent year till the completion of the project. Which of the following statements would prove that the bank's loan disbursement plan may be flawed in its approach? Cost of construction undertaken by Ashiana builders varies depending on the area and labour cost even within a city. Ashiana builders take a minimum of three years to complete a project by which time the entire payment must be made by the buyers. To purchase a flat from Ashiana builders it is mandatory to pay 75% of the entire amount before the Second year of start of Construction. Many banks do not offer flexibility in payment scheme if construction of a project does not near competition.
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