Court stay order not permitting usage of land
23-Jan-2023 (In Property Law)
If a piece of land is registered and purchased by me 16 years ago with complete legal procedures now after 7 years of purchasing court ordered stay on not only on my piece of land but also on complete feild of land using for residential purpose by by number of people...so does my land is applicable for home loan or not?
A diversion procedure has to be followed to convert the purpose of the land from agricultural to residential.
If the land you acquired 16 years ago was not residential, and you didn't follow any diversion procedure, then there can be a temporary stay on the unauthorized use for residential purpose.
You can contend the stay proceedings in the Court. But, until these proceedings are finally concluded, Banks may not sanction loan on such property.
If the land you acquired 16 years ago was not residential, and you didn't follow any diversion procedure, then there can be a temporary stay on the unauthorized use for residential purpose.
You can contend the stay proceedings in the Court. But, until these proceedings are finally concluded, Banks may not sanction loan on such property.
I have to see your all documents, If possible meet me personally with all documents.
Information given by you is incomplete as as your land is under jurisdiction getting home loan against it is not easy if you want all legal process share all details which case is under jurisdiction and for what court has given stay
Unless it is govt as party challenging the sale , it is time barred, and the stay can be challenged. If it is legal then no loan can be procured. come to me with full details then i can give a final opinion.
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