Legal Question in Real Estate Law in India
Dear Lawyer
My question is " I have found one property on General Power of Attorney" and the dealer says that loan can easily be availed on Power of attorney whearas as per my information loan can be availed only on property with registry. pl guide
Sincere Regards
Asked on 8/26/11, 12:12 am
3 Answers from Attorneys
Sanjay Kalra
Sanjay Kalra & Associates
You cannot get loan from the bank on GPA .
Answered on 8/26/11, 12:31 am
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
some banks may offer loan on first power of attorney.
Answered on 8/26/11, 12:54 am
Shrichand Nahar
S.V.Nahar, Advocate
Ask your bank whether willing to give loan or not.
Answered on 9/02/11, 10:45 pm
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