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what are loan rules against property out of municipal limit?


19-May-2023 (In Banking / Finance Law)
I have commercial property out side mucipal limit We need loan but bank is saying to do 143 Is it compulsory
Answers (1)

Answer #1
755 votes
Yes...Sec. 143 is "Change of Land Use" and if it's outside municipal limits then more compulsory ...
It's used for transforming the nature of the land from agricultural to commercial or vice versa ..... !!!!

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