What's the distinction between
A-Khata, B-Khata and punchayet properties?
All those properties wherever the BBMP has approved the layouts for constructions square measure classified as A-Khata property. Regions in urban center wherever the BBMP has
not approved / recognised layouts for construction square measure classified as B-Khata property. Properties in outer
areas of town, like Electronic town, Sarjapur Road, Devanahalli; square measure still below the Talukas and square measure classified as punchayet property.
Construction on a B-Khata / punchayet property is basically a non BBMP approved construction. Also, the Titles for
B-Khata / punchayetproperties don't seem to be registered. thus most of the nationalized banks won't allot any loan on such properties.
wherever am i able to get loan for construction on a punchayet property?
A lot of Co-operative Banks
and NBFCs (Non Banking monetary Corporations),
like CanFIN, HDIL, Republic
of India Bulls, etc. give loans for such properties.
What square
measure the interest rates on loans for construction on a punchayet property?
Interest rates vary with client profile and kind of property. they sometimes begin at nine.5% once
a year.
what's the most loan quantity which
will be borrowed?
The amount which will be supported usually depends on profile of client and kind of loan
(Renovation, Property Purchase, Property Extension, New Construction). typically upto eightieth of project worth will be borrowed.
Is there an
inventory of documents which will be required for
construction loan?
Sale deed of land
B) Mother deed of property
C) Encumbrance Certificate (EC) for last fifteen years
D) IT Declaration of last a
pair of years
E) Approved architectural
plan and quotation of construction
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