Home Loans - Plot Construction
Plot loans or 'land' loans are taken to acquire a piece of land. A house can be constructed at a later date. It is very important to look into the land title before you decided to invest in a property, especially since this aspect impacts your loan eligibility. There are some documents you need to check when you invest in a property.
Some essential documents pertaining to the land:
- Original documents pertaining to ownership of land.
- Encumbrance certificate for the land.
- Layout / drawing (as approved by the town planning authority) of the location where the plot of land is located.
- Revenue receipts and land records for the plot of land.
- Tax receipts for taxes paid by the owner of the plot of land.
You can also buy a property and decide to construct a house on it, even if at a later date, try and get hold of the following:
- Original sale deed of land and extract of Index II.
- Copy of N.A. permission for land from the collector.
- Search and title report (with the details of documents) for the last 30 years.
- Copy of order under Urban Land Ceiling Act.
- Copy of the building plans sanctioned by the competent authority.
- Building permission granted by Corporation / Nagar Palika.
- Estimate of cost of construction certified by the architect.
No matter what the requirement, we have an appropriate plan for you, though most of our home loan plans are for salaried/self-employed Resident Indians or NRIs. Get the best deals ever, and finance the perfect home, only from LoanKaWala.
With our varied offering of house loans and home finance, LoanKaWala Home Loans gives you an opportunity to select the perfect home loan as per your needs of a dream home.
Documentation
Some documents are specific to each state. For further information, please contact our Hyderabad LoanKaWala office.
All the above Terms and Conditions are subject to change and sanctioning of the loans is at the sole discretion of the HFC. Service Tax on All Service Charges extra wherever applicable.
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