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I would like to state that I bought a site in BSK VI stage. I am desired to know more about the area and the progress that is being taken place. By what time the area will be fully developed to proceed on constructing a house.
What are the documents other than sale deed,  Khata, tax paid receipt required to avail loan from the banks? Is encumbrance certificate to be made if the allotment is made by the BDA directly?

- by Sri Venkatesh, Bangalore

You have not informed how you got the site, whether by allotment from BDA or by direct purchase, Banks require title document, which establishes the ownership of borrowers. In case of direct purchase, apart from your sale deed, Khata certificate and tax paid receipts in your name, the title documents and revenue documents of the property establishing the right, title, interests of the person who sold the property to you are required. It is necessary to trace how the seller acquired the property and its origin  at least for forty year. In case of the property is allotted by BDA, the allotment letter, possession certificate, amount paid receipts are required in addition to sale deed, Khata and tax paid receipts. Encumbrance certificates at least for 13 years is essential for any type of property. If you are going for construction, approved plan is also required. Though this column is not for forecasting the future development of any area the area in which your site is situated may develop within a couple of years.

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These are all the legal questions answered by Advocate S.Selvakumar in various magazines, in various occasion including realestate reporter monthly.

QUESTIONS

Q:- I am purchasing a site from CMC limits and it is also a co-operative society site. The query is that the bank where I had applied for loan told me that this site will come under green belt and they cannot fund for this site. My query is for this site, the Katha certificate is there, recent tax paid receipts are there, encumbrance is there, GPA is there and almost the documents are all correct and one more, people have constructed houses next to this layout, and there is BDA Layout coming next to 0.5 km from this site and there are roads, lights, water, and there is no problem at all. I do not know why the bank is telling that this site will come under green belt. Please furnish all the details as to how this comes under green belt. I am speaking about the Karmikara Raitara Sangha and Dwarakanagar Welfare Association, which is located in Channasandra near Uttarahalli.

Q:- How safe is buying DC – Converted site in and around BDA Layouts?

Q:- I have purchased a site measuring 30’ X 40’ in a private layout formed on a converted land. The layout has roads, drainage, water and power facilities and is well developed. The layout is situated at Parapana Agrahara. Recently, BDA has notified this survey no. for acquisition for formation of Hi-tech city.  The preliminary notification is released recently. Please advise how to proceed?

Q:- I have purchased a land on Kanakapura road from one of my friends. On verifying the documents I came to know that the said land was originally allotted to the member of a Schedule Caste from the Government of Karnataka. My friend from whom I have purchased the land had purchased it from the said member of Schedule Caste 10 years back. I learnt there are some restrictions on sale of such property. Please inform whether I derive good, valid title to the land?