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Procedure to purchase terrace of the house and take loan on the same
17-Nov-2023 (In Property Law)
Sir, I want to purchase the terrace of the house which is in the name of my grand mother and construct the house on it. I am married now. I want to avail of the loan facility for this. What will be the procedure .Kindly explain in detail
First you should take information about building permission from competent authority for construction on aforesaid terrace, If there will no problem to obtaining building permission then you can purchase terrace by registered sale deed from your grand mother and can avail loan from bank for purchasing and construction on terrace.
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Adv. Rajendra Prasad Tripathi
Bhopal | 100+ Answers
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