Re-KYC (Recurrent Know Your Customer) is a process that is implemented by financial institutions to verify the identity and financial standing of their customers on a periodic basis. In the case of real estate developers, Re KYC can influence their ability to secure funding for projects. Lenders may require developers to undergo Re-KYC checks so that they can evaluate the financial viability of their businesses and the proposed developments. This can involve providing information about the project’s financial projections, construction timelines, and risk assessments.
