Hi Friends,
Me and my brother, uncle are planning to form a cooperative society, and are buying a piece of land for building flats.
If we get the plot registered in 3-4 people's name, will there be any problem in getting the load from bank?
if we buy the land in name of cooperative society itself, will there be any problem in getting home loans for me, what all documents will be required.

finally how can i get the cooperative society registered in noida. anyone aware of the steps, please help.

thanks
smmehadi
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  • Gents,

    Please specify the size of society.

    Write the complete minute details so the people can suggest you.

    Cheers,
    CommentQuote
  • Thanks for the reply. The size of society is 15 members.

    The society still isn't formed and we are exploring all options forming it.

    the questions are:
    1. If we get the plot registered in 3-4 individual people's name, will there be any problem in getting the loan from bank for those people?
    2. if we buy the land in name of cooperative society itself, will there be any problem in getting home loans for me, what all documents will be required.
    which one among 1 and 2 is better?

    3. finally how can i get the cooperative society registered in noida. anyone aware of the steps, please help.
    CommentQuote