I am living with my parents at ground floor of my uncle's two storied house in Kolkata, West Bengal, India. I want to buy that ground floor entirely . As per government valuation the cost of the property is Rs, 25 lakh. Uncle is willing to sale me that on Rs 10 lakh. Can I be able to get home loan for that purchase!! Being a salaried professional I am economically able enough to get approval.
If I go to buy that property on same price (Rs 10 lakh) in an instalment of Rs, Ten thousand per month to my uncle then what should be the steps.
