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K Babu (executive)     01 July 2012

Flat purchase

Dear Friends,

            Iam planning to by a Flat, Now the problem is This land is in industrial infrastructure area, this is the reason SBI is suppose to give the loan, actually this is clear title land and also UDA layout,  why SBI not giving the loan, So please guide me,



Learning

 3 Replies

K Babu (executive)     01 July 2012

Originally posted by :K Babu
"
Dear Friends,

            Iam planning to by a Flat, Now the problem is This land is in industrial infrastructure area, this is the reason SBI not suppose to give the loan, actually this is clear title land and also UDA layout,  why SBI not giving the loan, So please guide me,
"

Ajit Singh Cheema (practising Advocate)     02 July 2012

When the land as per your own saying is in industrial Infrastructure area ,the bank is justified in refusing to finance the flat.

Dr. MPS RAMANI Ph.D.[Tech.] (Scientist/Engineer)     03 July 2012

You could have had your question correctly answered quoting relevant laws, by SBI themselves, if necessary through an RTI.


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