Home Loan In Lal Dora

The term "Lal Dora" means land which is used for non-agricultural activities like keeping cattle, especially in
villages. Interestingly though this "Lal Dora" property is exempted from municipality rules and regulations. One
can acquire properties in this area at lucrative prices.

Although Lal Dora applies to both Rural & Urban villages, some of the classified prime Lal Dora areas. There are
360 villages in Delhi out of which 135 are classified as urban villages and 225as rural villages for example,
Munirka, Khirki, Yusuf Sarai, Katwaria Sarai, Mahipalpur,Chhatarpur, Sant Nagar, Rangpuri, Kanjhawla,
Najafgarh, Lado Sarai, Mehrauli etc have all been absorbed into the developed limits of Delhi, and they form part
of the elite areas.

Plots in the Extended Lal Dora are provided with separate Khasra numbers in revenue records. These constitute
free-hold residential land with ownership name in the permanent land record.

Since properties built on Lal Dora land are not authorized by DDA and MCD, the bank does not provide home
loan against them. This is majorly because banks need the registry or allotment letter for processing home loans
and the Lal Dora properties are not yet registered.

Home Loan On Property Without Approved Map

Maps provided by property sanctioning authorities are one of the most important documents. Banks usually don't
provide a loan against property without map. That is because from a bank's point of view that they would not
want to mortgage a property whose plan is not even sanctioned by a local authority. Getting a property "Without
Map"or in an "Unapproved Area" is difficult. But this should not hamper your desire to acquire your desired
house. Based in Delhi we have a team of finest and knowledgeable financial advisers, who have years of
experience and are willing to extend our valuable suggestions.

If you desire to buy a house or flat "Without Approved Map", getting a house loan can be a big hassle since
financial institutions will not approve a loan for such Properties . We can help you to get a loan on "Property
Without Approved Maps" upto 3rd floor. All you need is to provide us your income proof.
Home Loan In Unapproved Property

Unapproved properties means those which are not a part of the city master plan regulations.Buying and selling of
property in these is usually carried out by General Power of Attorney (GPA). Most formal lending partners do not
fund unapproved properties because of lack of clear title documents. Plot loans are usually not available in
unapproved properties. We can help you in plot purchase or construction of property in unapproved colonies.

Loan Against GPA Properties

GPA stands for general power of attorney. General power of Attorney is a legal instrument that is used by a
granter to confer authority to another person who is the grantee to act on his behalf. The action performed by
GPA holder is deemed to be performed by the granter itself. But one problem with GPA is that it doesn't give any
ownership of the property to the grantee.

For an individual residing in a GPA property, it is extremely difficult to avail loan against such a property.

Here is a list of points which will help you in availing a loan against a GPA Property.

Clear communication with the loan officer

A good Civil score of more that 750

Keep yourself updated with your local news whether your locality is getting regularised or not

Registering your property

Add fund from your side to make your application more creditworthy

Loansolution provides you all the relevant information regarding Home Loan In Lal Dora .
You can choose the best Home Loan facilities so that they will provide you an better loan
scheme and loss interest.