Apartment built on gaothan land , any risk to buy ? in navi mumbai

rameshkumar (Querist) 01 February 2013 This query is : Resolved
Is there any problem in buying a flat built on gaothan plot in navi mumbal or vasai,virar ? Bank loans are not sanctioned in that flats. Why banks donot give loan when plot is freehold ? Saledeed is registered, light bill municipal tax name is mutated . Gaothan flats are cheaper than cidco approved flats for which bank loan available. I want to know should I goahead and buy the flat? any special precaution ?

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Khaleel Ahmed (Expert) 01 February 2013
If you want to purchase , prepare yourself to face 100% risk.

Raj Kumar Makkad (Expert) 02 February 2013
Principles for Gaothan Extension Scheme and regulation of buildings are given in the rule of 1967 of the Bombay Village Panchayat Act.1958. Collector is empowered to grant permission under section 44 of MLR Code.1966 for Gaothan Extension Scheme. He is required to consult Town Planning Department. Since the introduction of standardized building bye laws and DC Rules for B. & .C. Class municipal councils in the State in 1981, these have been used for scrutinizing applications for Gaothan Extension Scheme by Town planning Department for the areas out side the jurisdiction of planning authority. As Village Grampanchayats are not equipped with the staff required for planning, Town Planning Department is preparing village layouts for extension of old village gaothan and new village gaothan sites.

There is high risk in purchasing such sites.