Legal Question in Banking Law in India
Buying a flat, built on a land, bought on SARFAESI ACT
I want to know wether I can buy a flat. That flat is built on a land which was taken in auction done by IOB Bank. Few banks does not give home loan like HDFC , ICICI and LIC also. I heard that only Nationailised bank and HSBC offers loan to buy this kind of Flat. Please explain in detail. Is it good to buy this flat ?
Asked on 10/25/07, 6:53 am
2 Answers from Attorneys
Vijay Chandavale
Advocate Vijay Chandavale & Associates
Re: Buying a flat, built on a land, bought on SARFAESI ACT
this is a repeate dquestion I have already given reply
Answered on 10/27/07, 1:35 pm
G. M. Gupta
gmguptaandassociates
Re: Buying a flat, built on a land, bought on SARFAESI ACT
yes u can bye. but before buying see all terms and conditions attached
Answered on 11/05/07, 3:34 am
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