Home loan for Gaothan property in Navi Mumbai 

Home loan for grampanchayat properties in Navi Mumbai which comes under muncipal corporation. butl falls under gaothan. we do loans for such properties.

In Areas of Navi Mumbai, there are several properties which comes under municipal corporation buy falls under gaothan, these properties are commonly known as ‘Gaothan properties’. Because of their low price, such properties attract a number of buyers with low budgets. However, most of them remain are concerned about the legality of such home.

 “What are the risks of buying Gaothan property in Navi Mumbai ? What are the necessary steps to be taken ?”, “Why banks do not provide loan for such properties?”If the property does not come under the state scheme, they are not legal. This is why home loan is not available on some properties. “Also, having a home loan from a bank does not necessarily mean that the property is legal,”

Clear title is a required for such transactions and is available to buyers in case of new and resale with the approval of the concerned authority and in case where a co-operative society has been formed and the membership of the buyer to the society has been approved.

To summarise, buyers who are looking to buy such properties should only look for those available under the state scheme. Whether the property is under state scheme or not can be checked on the website of the concerned authority or from the revenue office (patwari), whichever the case maybe.

These properties are found in Airoli, Rabale, Ghansoli, Kopar Khairane, Vashi, Turbhe, Juinagar, Sanpada, Nerul, Seawoods, Belapur, Kharghar, Taloja, Mansarovar, Panvel, Kamothe, Khandeshwar, Ulwe, Uran, Baman Dongri, Khar kopar, and Targhar.