I do not know whether this is right place to ask this question.
I am planning to buy land in Bangalore. I know that banks give loan for purchasing land. But, I heard that there is a restriction that we have to start construction within 6 months or 1 year.
*) Is this true?
*) Is it same with all banks?
*) No bank gives loan specifically for purchasing land without above restrictions?
*) Anyone aware of any bank giving loan for purchasing DC Converted (& BDA no issue certified) land in Bangalore?
Please provide your information on this.