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.
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.