Loan against a perpetual lease hold property

Mayank (Querist) 21 July 2014 This query is : Resolved
I have an ancestral property, the leasehold rights for which were given to us by the government of U.P. The lease is perpetual in nature and free of rent. Currently, I am in need of a loan to start a business. My question is if I can get a loan somehow against this leasehold property. Will the bank accept it as security?

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Dr J C Vashista (Expert) 22 July 2014
Show the documents to your banker through a local expert lawyer.
Same query with slight modification and same reply as earlier.

malipeddi jaggarao (Expert) 22 July 2014
Repeated query.

Rajendra K Goyal (Expert) 22 July 2014
Consult your Banker, it would get opinion in case of need from its lawyer.

ajay sethi (Expert) 22 July 2014
repeated query

T. Kalaiselvan, Advocate (Expert) 24 July 2014
Query repeated in a different form in a different thread but ultimately the meaning is same. You have been given proper opinions and suggestion on that thread itself, you may visit that again.

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Loan against a perpetual lease hold property

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