IS PROPERTY UNDER GRAMAKHANTAM ELIGIBLE FOR PURCHASE AND CONSTRUCTION
Civil »Posted 7 Dec 2018
i decided to purchase the land and lay a construction on it by using a bank loan..but the property is in rural area and registered as gramakhantam...is there any objection that the bank may do if i go for a loan ......i also got an encumbrance certificate for that property and there are no mortgage or loan against it...please do suggest
sir as per Indian old law these land were given as gift to the person by the may be the are king or some dynasty of that ERA . and it can be transferred by the person to blood relation as gift , for the sale or purchase you need to go to the area municipality and the collector for the details in person .