Hi All,
My father has a land on his name purchased from some other person 16 years ago. We constructed basement and a roof house. we have been giving that room for rent since 14 years or so. And all the water bills and electricity bills are on my fathers name only. Now we are planning to construct a new slab house on the same plot.
My question here is, can I get a home loan (7 lakhs) on my father’s land which is not yet registered ( and i heard like it can’t be registered bcoz govt offered this land to the previous landlord) We have land patta on my father’s name. or any other better suggestion like taking a personal loan or so. I am a salaried person.
Please Help me !! Thanks in advance 🙂