Plot loan - dtcp approved - location of property -
MUKESH K MOHAN
(Querist) 01 October 2018
This query is : Resolved
Sir, My office (Central Govt.) has House Loan Scheme for its emplloyees based on the legal and technical appraisal clearance from HDFC as they have tie-up for document scrutiny with HDFC. The land which I have chosen is a DTCP approved layout on ECR on the way from Chennai to Pondicherry and intend to build a house and settle over their after my retirement. The document has clear Title Deed and other Clearance obtained from Local State Bodies. HDFC says that they cannot give technical clearance and recommend to my office for loan disbursal as they (HDFC) do not fund in that particular location. Since the loan disbursing authority is my Office whether the stand maintained by HDFC is correct and whether my Office should also maintain the HDFC's stand. The layout has all necessary DTCP and other approvals obtained for residential purpose. Two plots in the layout are also funded by LIC. Please let me know how I should take about the issue with my office to avail the Housing Loan which is meant for employees on low rate of interest. Sir Advise .
Isaac Gabriel
(Expert) 01 October 2018
Contact the authorities about the problem and ask them to sanction loan so that you can make your own arrangement for the construction.
P. Venu
(Expert) 01 October 2018
The query involves a matter of procedure which only a local expert/advocate alone can suggest a meaningful suggestion.
