Construction Loan In Lal Dora Land in Delhi, Gurgaon, Faridabad, Ghaziabad and Noida

In your search for construction loan in Lal Dora, at whatever stage you are. Let me assure you, you have reached at absolutely right place for your loan. We are serving home loan in Lal Dora of Delhi NCR since more than 6 years. We have served hundreds of customer happily in Lal Dora. With us you can get you express fast construction loan in Lal Dora for entire Delhi NCR. Contact us for personalized and professional service for trouble free construction loan.

With us you gets a loan offer better than anywhere. You get most economical rate of interest better than our competitors can offer. We give you super money saver loan from leading name in mortgages industry. These top names in mortgage industries guaranties top offer that gives unbelievable saving in you EMI. We gives you free doorstep service for your construction loan to save your precious time. Get in touch with us to get our distinguished service for hassle free loan.

Waste no time for a effortless and trouble free construction loan in Lal Droa

Take action now to get FREEDOM from tiring loan process

Type of Construction Loan in Lal Dora

You can get a construction loan to build house. If you are builder you too can get construction loan for constructing house, floors and flats.

You can only get construction loan above ground level. If you want to construct a house below ground level, bank will give loan considering you will demolish it. Sometime bank can allow you to keeps walls of old house and demolishing only roof. Through sand filling (Bharai) you will have to bring floor up to or above ground level and start constructing.

Loan for construction of basements are also not given. It is because; banks give construction loan above ground level. If you want to make basement in your plot, you will have to build at your cost. Bank will give construction loan for cost above ground level only.

Apart from construction of new house, your can get construction loan for following purposes

Extension of Property

If you have already built up house, you can take loan for extension of your house. In extension you can do more coverage in your house. This includes building more floors on existing house.

You cannot get extension loan for property built on stone slab roof (Kadi Pathar / Gatar Pathar). It is because of NHB guidelines which do not consider Kadi Pathar houses safe for living. If you want to extend your house, you will have to get your roof redone with cement casting (Lanter roof). For doing this too you can get construction loan along with extension loan.

Renovation of Property

Renovation loan also comes under construction loan. Yet for small renovation, it may not available. It is because, housing finance companies generally do not takes up cases below 5 Lakhs value. But if you have running home loan, you can sure get top up on your home loan for renovation purpose.

Send your details and get distinguished services for HASSLE FREE LOAN

Property Papers for Constriction Loan in Lal Dora

For a construction loan in Lal Dora your title deed along with legal chain of 13-20 years is required. A title deed means a registered document with sub- registrar of revenue department. Whenever a property is purchased or sold, local revenue office will register it in their records after charging relevant stamp duty.

If you have purchased your plot from land owner, then your sale deed becomes your title deed. Apart from this we require chain of previous ownership. This is to ascertain that seller was law full owner of property and there is not possibility of arising any legal dispute. In case, advocate sees some issue in legal chain of property, they can suggest bank to disburse case with registered mortgage. It is because by registered mortgage bank becomes entitled for its loan amount even if property goes in dispute.

Legal Chain in Ancestral Property

If you want to get construction loan for ancestral property, it becomes tricky. It is because in most cases, there is no title deed in Lal Dora. Bank’s advocate need to verify that legal chain is correct and title deed is available.

In Lal Dora of Delhi NCR, Old Lal Dora certificate or Fard / Khatoni / Khasra Girdawari can be considered as legal chain. Let’s see what and how these documents should be provided for valid chain

Fard / Khatoni / Khasra Girdawari

In many villages of NCR e.g. Faridabad, Gurgaon, Ghaziabad Palwal, Fard / Khatoni is also issued in Lal Dora area. Where Khatoni / Fard is available, you can ask Patwari to provide copy of record of 15-20 years. You can easily get certified copy of these records at nominal fees. This way, you can have complete chain of ownership for your piece of land.

Lal Dora Certificate

In many villages only Lal Dora certificate is issued as proof of occupancy and possession of property. If you have any Lal Dora certificate issued in your name or in name of other family member, it can be considered as proof of ownership. But this certificate should be more than 15 years old. By this advocate can ascertain, that this property is in your possession for more than 15 years. If you have Lal Dora less than 15 year old, advocate may not give positive legal report.

Yet we can put extra efforts with bank to give positive legal report with less than 15 year old Lal Dora certificate. But this claim should justify with other utility payments for same address as electricity bill, house tax etc. In some cases on approval basis, bank may give approval for Lal Dora certificate less than 15 years old.

Title Document in Ancestral Property

After getting your ownership chain, you require title document in your name. There are many ways by which a title deed can be created. It can be a gift deed to a family member from owner of property. There can also be transfer deed, relinquishment deed, sale deed or partition deed. I will suggest you to contact us before you create any title deed in your name. It is because different housing finance companies considers different deed as title deed. Many of these deeds require paying stamp duty, so it is important to check your profile, eligibility etc. before you proceed any further.

Submit your details and CONNECT WITH EXPERT to assist you

Documents for Construction Loan in Lal Dora

Other than general documents as identity, address proofs you require 3 type of documents

  • Property legal chain and title deed
  • Documents related to your income and running loans
  • Map and estimate of construction from architect

I have already discussed legal chain and title deed in details. Still if you have some quarry regarding this, you can contact us to discuss in more details.

Different income documents are required based on your profile e.g. salaried, self-employed, NRI / PIO and merchant navy. Construction loan and all other loans are subject to your eligibility and repayment capacity. Bank must be able to ascertain your income and repayment capacity by documents or otherwise. You can get construction loan in Lal Dora on liquid income or without income proof as well. You can get in touch with us to know about income documents.

Third and last document is map and estimate of construction. You can contact an architect for map of construction. Architect can provide map on their letter head or on plain paper with their stamp. You don’t need a blueprint map that is required for map approval from municipal authority.

Banks gives loan up to 80% - 85% of estimate of construction. To ascertain genuine spending, they have their own technical department. They ensure that you don’t increase estimate than actual expense. Few banks have their preset rates on which they gives construction loan e.g. 1200/- per square feet or 1300 per square feet etc.


Construction Loan Disbursal

As bank gives loan of 80% - 85% of construction estimate, you have to invest remaining amount. Once you gets sanction of loan, you have to invest your portion of money before bank gives its installment. Generally bank gives its loan when you have reached at DPC level.

For construction loan banks gives it’s disbursement in 3 to 5 installments. Number of installments depends on number of floor you are making on plot. More number of floor, means you will receive full loan in more number of installments.

For construction of up to first floor, bank can give loan in 3 installments. Banks disburse loan in preset percentage on each stage. It can be 40: 30: 30 / 35: 35: 30 or. 30: 30: 40. It depends on disbursement policy and your construction requirement.

I always suggest to make next disbursement request 2-3 days before you are about to run out of money. It is due to once you make request, bank’s person will visit on your property in 1-2 day. After his visit on your property, they will take 2-3 days more to make payment to you.

Send you name right now for EXCELLENT OFFER, better than our competitors

Joy Loan for Construction Loan in Lal Dora in Delhi NCR

Choose us and take advantage of professional and experienced team. 100s of customer has enjoyed our expert assistance for home loan in Lal Dora. Since 2012 our team has huge experience in helping people like you. With us you gets competitive edge of experience team. We gives you extraordinary, excellent and professional loan services like no other.

Our loan assistance services are available on your doorstep in entire Delhi NCR. With us you gets exclusive faster service from promising and efficient team. Our team gives you comprehensive and continued support in your loan. Send your details right now for specialized loan services like no other.

Through us you can get home loan from largest and leading financial institutions. Because we gets your loan from top and mainstream housing finance company, we give you best offer on your loan. We gets you most economical rate of interest that gives big saving in your EMI. We gives you excellent offer better than our competitors. An offer that gives you huge saving in your loan. To get unbeatable offer and remarkable saving i strongly suggest you to submit your details right now.

We take onetime coordination charges for our services to you. Yet you risk nothing as you pay this fee after sanction of loan. This onetime fee is fraction of price you will pay to our competitors. So why pay extra when our competitors will charge you double or more.

With our coordination you gets best rate of interest from top name in mortgage industry. You gets solution for wide variety of property legal documents and income types. As we gets your loan from RBI approved financial institutions, you gets all tax benefit along with Pradhan Mantri Awas Yojana.

Don’t delay. Send your details right now. Take action now for unbeatable and unique offer that gives you wonderful saving in your loan. Don’t miss out. Remember! Loan with our competitors will cost you double or more. Now is time, send your details immediately.

Rush Your Name for Expert Help, Best Loan Offer and Express Fast Service
Rush My Name Now is Time. Send Immediately!!

Unable to fill quarry form? Submit your details here