Tejas
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Grave yard next to the apartment where i have purchased a flat.
Q: Hello, I have purchased a flat near to DLF New Town (Akshaynagar). This project is still under construction and had booked the flat 2 years back. When we had booked the flat only 1 floor was built and the surrounding compound wall was built so high that we could not see the surrounding area. Recently when i visited the project to see the progress, i realized that just next to our apartment there is a grave yard. Now i have already paid all amount to the builder and have already take home loan and all. Due to this i am under confusion as to what would be the pros & cons of staying there. Any advice is very much appreciated. Regards, Tejas.


I have purchased a site on Anekal Jigani road (6KMS from PAC Circle) on loan. Is there a rule to construct house?
Q: As mentioned, I have purchased a site on Anekal Jigani road (6KMS from PAC Circle) on loan. Is there a rule that if we purchase a site on Bank loan we should construct house within a stipulated time frame? When checked with the Axis Bank from whom i have taken the loan, they informed me that as per new RBI rule we have to construct house within 18 months of site purchase. Currently i cannot construct a house there for another min of 5 years as the area is not developed. Please advise if i have sell the site or keep it. Thanks, Vishwa

Latest Answer: Good evening Tejas, this rule is not apply to LIC because they provide Plot loan for the period of 10 years, and you can build your house anytime you want. but sorry i dont know anyone personally from LIC. but you can visit the nearest branch or enquire online about this with them. Thanks

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