Putting housing loan to bank
hetalsangoi
(Querist) 11 August 2012
This query is : Resolved
what is time of the best time of period to apply for housing loan when flat is under construction?
what is the meaning of plinth?
ajay sethi
(Expert) 12 August 2012
always buy a flat when construction has been completed and building has got occupation certificate . you may pay at higher rate but you are saved from uncertianlity as to delay in construction and whether building is legal or not .
also go in for projects pre approved by banks of reputed builders .
RAJU O.F.,
(Expert) 12 August 2012
If you can manage otherwise, it is better to apply for bank loan when the house construction is almost ready for occupation. Plinth area is the area of the floor inclusive of the thickness of the walls.
hetalsangoi
(Querist) 12 August 2012
how to verified that project of the builder is approved by the bank?
normally when buyer ask to his builder to provide the copy of various eg. ID or any right purchased from the owner of land for the project of redevelment, they denied straightly.
what r the legal formalities through which ownership & geneue transaction can be known?
