Looking to buy a plot/flat in Delhi. Some builders/owners in areas like Lal Dora claim registry and bank loans are possible. Should I trust them, especially with banks like SBI/PNB?

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Law Forum › Category: Property › Looking to buy a plot/flat in Delhi. Some builders/owners in areas like Lal Dora claim registry and bank loans are possible. Should I trust them, especially with banks like SBI/PNB?
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Apni Law Staff asked 5 months ago

Looking to buy a plot/flat in Delhi. Some builders/owners in areas like Lal Dora claim registry and bank loans are possible. Should I trust them, especially with banks like SBI/PNB?

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Best Answer

Apni Law Staff answered 5 months ago

Be extremely cautious. Lal Dora areas are unauthorized colonies with restricted property rights. While some banks may offer loans, they are not legally sanctioned for registration or bank loans. It’s advisable to consult a lawyer and thoroughly research the land’s history before proceeding.

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