Hntda approval

Balu (Querist) 31 August 2016 This query is : Resolved
HI I'm planning to buy a house which is in Hosur,Tamil Nadu. All legal documents are good and verified and I'm getting loans approved for this project by LIC/HDFC.

But the worry is they dont have HNTDA approval only approval from panchanyat. Can this be purchased or it will create a problem after few years while i look to sell it?

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Raj Kumar Makkad (Expert) 31 August 2016
It shall be better to enquire locally. all necessary approvals are must even for the property which ultimately is to be got mortgaged with the banker.

Rajendra K Goyal (Expert) 01 September 2016
Generally when the Bank clears loan proposal, it verify the title marketability, however, as huge investment is involved, it is better to have opinion from your lawyer.