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IREF® - Indian Real Estate Forum > Real Estate in India > Real Estate Mumbai > What is gaothan flat or plot?
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Old November 28 2010, 11:49 AM   #1
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Default What is gaothan flat or plot?

What is gaothan flat? Is it worth to buy gaothan flat? What are precautions or information one should take before investing in it?

 
Old November 28 2010, 04:09 PM   #2
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gaothan plots are those which is not owned by CIDCO or BMC..such plots are owned by villagers and the documents are not clear
Banks usually do not sanction loans for such plots after kharghar the areas like mansarovar, kamothe, khandeshwar come on gaothan plots.
 
Old November 28 2010, 08:36 PM   #3
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Ok thanx for the info.. So is it advisable to buy such flat as they r little cheaper..
 
Old November 28 2010, 08:39 PM   #4
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it can be risky i read since the villagers can demand back their plots and builders usually dont have proper documents,
im not sure though pls check with banks
 
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