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Neeraj   28 June 2016

Who is approving authority in villange land construction by a builder

I am trying to purchase a flat constructed by a small builder in a village land in Noida, Uttar Pradesh. Which was purchased by the seller through cash payment. Now I would like to purchase that flat from 1st buyer who have registry of that flat. When I applied for the home loan from different financial institution they asked that they do not approve loan on village land construction & they are asking for gram panchayat approved map or docs. But 1st buyer only have registry copy. Now my question is, how can I get loan from any bank or financial institution to purchase the same.


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 1 Replies

Kumar Doab (FIN)     28 June 2016

Visit Gram Panchayat/Sarpanch and find out if at this stage compounding as per rules is possible and approval can be granted.

 


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