Home loan documents required for construction of ancestral property

Sandesh (Querist) 08 May 2016 This query is : Resolved
I reside in thane my native place is in Devrukh Ratnagiri. I have a ancestral Na plot in devrukh ratnagiri with a old house build on it 7/12 is on my name and i am the only owner of this plot Electricity meter bill is still on dead grandfather name.I would like to know can i get a home loan to build a villa on this plot by making use of existing structure to reduce my construction cost.If yes what is procedure. Banks like sbi and hdfc do offer construction loan.Do i have to apply for loan where my property is or can i apply for the same even in thane.What documents are required for the same i just have 7/12 with me. We have Nagar Panchayat in Devrukh

Follow Query

Report Abuse

Sudhir Kumar, Advocate (Expert) 08 May 2016
contact the bank.

NANDKUMAR B SAWANT (Expert) 08 May 2016
Sir.you may contact nearest branch in your area of any banks where you have your account . also carry all your income and i.d.,address documents.good luck.