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How to avail mortgage for development of dwelling?- Property Hotline



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Professional: Harshil Mehta, CEO of DHFL.

Problem: I ordered land for Rs20 lakh and registered it four years back. Can I avail a dwelling mortgage for developing a dwelling on land? What is the accurate course of action to do so?

Reply: You can avail a mortgage to build the dwelling on land. You need to have to method the financial institution or the housing finance firm in request for a development mortgage.  One point you need to have to remember that the titles of that land will be there with the financial institution or the housing finance firm as a stability. And also you will have to start off the development within 3 years following using that mortgage

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