Sharath

Hi all,

I am planning to buy a house (min 2BHK) in NCR region. This is the first time i would be investing in real estate and hence i require your valuable suggestions.

I want to buy the entire property in white. Firstly, is this possible ? I have been sharing this with few people and most of them said it is not possible. I believe booking for new property under proposal will all be in white. But i am actively looking for a second hand house.

Also, i would like to know how a bank does its due deligence in approving the loan. If the property costs me 60 lacs and the bank gives maximum of 90%, this comes to around 54 lacs ? Does the bank approve this entire loan (assuming that the salary bracket of mine and my wife's combined is reasonably good).

Is it possible that the bank evaluates the property to a lesser value that what the seller is selling it for and approves only that amount?

If suppose i buy a house and in 2 years due to some unavoidable circumstances want to sell it, what is the process as i still am under the loan.

Some question might be very stupid, but please bear with me.

Thanks for your information.

Sharath