Can i avail loan

sanjay (Querist) 13 January 2013 This query is : Resolved
sir,
kindly guide me that ihave developed one property by giving it to a builder and i got my share and builder share has been given to builder all this procedure has taken place legally,I got a supplementay deed from the builder and he has mentioned my flat no's in that but it is not registered can i get a education loan for my son on that deed

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Devajyoti Barman (Expert) 13 January 2013
Since you were the original of the land on which the property was develeoped the particular document need not be registered.

Saket Saurav (Expert) 13 January 2013
Dear Sir,

You want to mortgage the property? If so, then they will ask you for the registry papers. So better get the flat registered at the earliest and then apply for loan.

Saket Saurav
New Delhi

prabhakar singh (Expert) 13 January 2013
It is your share of flats that builder has handed over as you were originally owner of the land hence agreement of development with builder was not legally required to be registered.

ajay sethi (Expert) 13 January 2013
advisable to get agreement regd . banks are reluctant to sanction loan if document is not regd

Raj Kumar Makkad (Expert) 13 January 2013
As per requirement of the mortgage, you need to get the registration of the share which has come to you after development so that the same may be got mortgaged specifically.

R.K Nanda (Expert) 13 January 2013
agree with expert Sethi.

prabhakar singh (Expert) 13 January 2013
To my knowledge nationalized banks as per govt.advise, can not insist for immovable security for grant of educational loan.