Hello I hahhave a land at bhubaneswar.bbbhubaneswar.but municipality is giving commercial land approval.i want to build a residential home on that.can I get a home loan for that.is it possible to convert it to residential land
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  • Originally Posted by bhagyalaxmipatanaik
    Hello I hahhave a land at bhubaneswar.bbbhubaneswar.but municipality is giving commercial land approval.i want to build a residential home on that.can I get a home loan for that.is it possible to convert it to residential land


    Why do you want to convert Commercial Property to residential ? Commercial Land would have much better value than residential.

    Best would be to get the Commercial title, sell the land at a good price and then buy residential land . U should be able to buy a bigger piece of residential land or may be use the extra/excess money earned by selling the Commercial land for constructing your home on the residential plot u buy.
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  • Can I build a house on commercial land approved by bhubaneswar development authority.iauthority.if yes can i get a home loan for that.
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