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Old November 20 2011, 04:21 PM   #1
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Default gaothan plot

what is gaothan plot. I am getting a flat at seawoods by a builder,its a gaothan plot.Loan is not possible.What is the risk of buying such flat.there must be some illegal document or procedure involved in it,thats why loan is not provided by any of the bank.Please reply.

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Old November 20 2011, 05:13 PM   #2
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Gaothan plot is arrangement between the CIDCO+PAP+Developer. If all the regulations has been followed and all permissions taken, you should get loan. I have booked a flat in Nerul Sec 27 which is on a gaothan plot and all leading banks were ready to give me loan. Do a check with a property lawyer and decide.
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Old November 27 2011, 03:21 PM   #3
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thanx for the input nitin....but in my case builder is saying that loan is not possible.what are the legal documents we have to check before buying.as u have booked a flat u must be knowing ...
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