Own­ers can be par­tially re­strained from sell­ing prop­erty

HT Estates - - HTESTATES -

have ac­cess to such in­for­ma­tion through your credit re­port that can be ac­cessed through credit in­for­ma­tion agen­cies such as CI­BIL. Your not dis­clos­ing this cru­cial fact may go against you. If you are not el­i­gi­ble for the de­sired loan amount, you can al­ways take a joint loan with your par­ents or spouse who have sta­ble in­comes as co-bor­row­ers. the ti­tle of the prop­erty. There are no tax ben­e­fits avail­able on a loan taken to ac­quire a plot of land. Plot loans are re­stric­tive and avail­able only for nona­gri­cul­tural plots bought from statu­tory au­thor­i­ties or ap­proved de­vel­op­ers. They are also more ex­pen­sive and avail­able for shorter pe­ri­ods of five to seven years.

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