Sarvotham Kini
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Buying a flat in Ananthanagar phase 2 Electronic city
Q: I am thinking to buy a Flat in Shree Ananthanagar Phase 2, Electronic City location as the market price is little cheaper compared to other cites in Bangalore. However, the Flat which is constructed is under the jurisdiction of Village Panchayat and has a VP Khata which is my concern. Panchayats do not have any khatas like A or B unlike we have in BBMP or BDA or BMRDA. however, not sure if the Ananthanagar phase 2 is under the authority of CMC(City Munciple Council). When approached lawyer, the opinion given was to purchase the property only if the property is not under the CMC authorities. If it is only under the Panchayat, I can go ahead and buy it. Also, no back is giving out loan for properties that comes under Panchayat jurisdiction except for Andhra Bank. Andhra bank has also given a positive LEGAL SCRUTINY REPORT after checking all the necessary document and plan approvals. Please let me know if I can buy the flat from the above property. Regards, KINI

Latest Answer: Hi Sarvotham, I do not think any bank will provide home loan for this site but you can try for private banks. I would suggest you that before buying the plot take proper advice from your legal expert.

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