Prajna Capital - An Investment Guide

Some conditions usually applicable to avail a loan to buy a plot of land A loan to buy a site is available if you want to purchase a plot of land and construct a house on it later. Usually, the bank insists that the site be purchased from a recognised authority like a development authority such as the Bangalore Development Authority, from a society or from a recognised developer. In addition to the normal documentation, some additional documents are required to avail a land loan. These include: Original documents of ownership of land No encumbrance certificate from the registrar's office certifying that the land is not already mortgaged Layout drawing (approved by the city development authority) of the location where the land is, giving details of the precise location of the site and its surrounding areas NOC from the society for sale and transfer of land Latest revenue receipt confirming payment of land dues to the government and tax receipt for tax paid by the owner of the la...