Is it safe to buy unapproved layout plots? (panchayat approved)
Ravikumar v
(Querist) 27 February 2015
This query is : Resolved
Hi,
I want to know experts opinion for buying a plot in unapproved layout. Seller telling that it is a panchayat approved.
1) Is it safe to buy these kind of plots for resale ?
2) Can we get Housing loan for unapproved layout plots ?
3) What are the issues i may face in the future if i buy unapproved layout plots?
Thank you
R.K Nanda
(Expert) 27 February 2015
1. no.
2.no.
3. u can have many legal problems.
ajay sethi
(Expert) 27 February 2015
check whether title is clear and marketable.
Rajendra K Goyal
(Expert) 27 February 2015
Get all the documents checked by your lawyer in the light of local law.