I wish to buy a flat in Vasai and I have gone through a few and zeroed on one. The builder has all the papers and it is approved by CIDCO as well. The only thing that isn't there are the development agreement papers. Most nationalised banks are not providing loan for this reason, but the housing finances like GIc/DHFL are willing to provide loan. Which is why I am confused, what do I do?
Answered on November 08, 2017
It will all depend on the title of the builder to the land in question. Nationalised Banks are usually very cautious while dispossing such loan. However, financial institutions are aggressive in that connection.
