NA Plot Purchase & Construction Loan
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NA Plot Purchase & Construction Loan
Are you buying a plot of land? If you intend to buy it for residential purpose or intend to build something upon it, make sure it’s non-agricultural (NA) land.
Investors have also recognised the value of Including a NA Plot in City as an asset class in their investment plans due to the long-term returns it provides. This asset class provides financial security, and losses in this investment are extremely rare.
NA Order – this is of utmost importance. One needs to ensure the plot of land under consideration has been certified as non-agricultural land. Otherwise, the construction on that plot is deemed illegal. Title Deed – before buying the land, one needs to ensure the seller possesses the right to sell the plot.
An NA plot makes a very good investment option, as the land value can appreciate over time since the demand for land is ever-growing and availability is limited. A loan against property is also available for NA Plot.
Our experts helps you for A composite loan for NA Plot Purchase + Construction loan for the purchase of land cum construction of your dream home.
Documents Required
1. Pan Card & Adhar Card (Applicant & Co-Applicant)
2. Address Proof
– If Own: Latest Light Bill & Index-II
– If Rental: Rent Agreement, Latest Gas Receipt, Passbook, Passport, HR Letter
3. Latest 3 Month Salary Slip
4. Latest 6 Month Bank Statement (By Salary A/C)
5. If All Loan Statement of Account (SOA)
6. If All Bank Statement 1 Year
7. Current Company Confirmation Letter
8. If Increment Letter
9. Education Proof
10. Company ID & Appointment Letter
11. If Previous Relieving Letter
12. Form No 16 Latest 2 Years with 26 AS
13. Soft + Hard Copy Photo – 2+2 (Applicant & Co-Applicant)
14. If Name Change – Applicant / Co-Applicant Marriage Certificate
15. If Builder Cost Sheet
16. If Down Payment Receipt & Draft Copy
17. IF Agreement Copy
18. If Rera Registration Certificate
19. NA Order
20. If Builder Master File & NOC
21. Building Plan Copy
22. If Completion Letter
23. If Latest Light Bill
1. MSME or Udyam Certificate
2. Shop Act License
3. GST Certificate (If applicable)
4. Business Profile (If applicable)
5. Current Business Photograph
6. ITR (Income Tax Return) for the last 3 years with 26 AS (If Financial audit report is available with CA certification)
– AY (Assessment Year) 21-22 – (1 Apr 2020 To 31 Mar 2021) Financial Year
– AY 22-23 – (1 Apr 2021 To 31 Mar 2022) Financial Year
– AY 23-24 – (1 Apr 2022 To 31 Mar 2023) Financial Year
7. Tentative Balance Sheet as on Date with CA Certification (If available)
8. GST R1/3B – Latest 1 Year (If applicable)
9. Work Order or Purchase Order (If applicable)
10. Bank Statement for the Latest 1 Year
– Current Account
– Saving Account
– Cash Credit Account (If applicable)
11. All Loan Statement of Account (SOA) (If applicable)
12. Address Proof for Office, Shop, Factory
– If Own:
– Latest Light Bill
– Index II
– Latest Property Tax
– If Rental:
– Registered Rent Agreement
– Notary Agreement
– Current Account Statement (as Address Proof)
13. Aadhar Card and PAN Card for Applicant and Co-Applicant
14. Passport size Photo (2 each) for Applicant and Co-Applicant
15. Address Proof for Residential Address
– If Own:
– Latest Light Bill
– Index II
– Latest Property Tax
– If Rental:
– Rent Agreement
– Latest Gas Receipt
– Passbook
– Passport
– LIC Policy
– Telephone or Mobile Bill
16. Legal Document List for All Property Papers
17. Builder Cost Sheet (If applicable)
18. Down Payment Receipt and Draft Copy (If applicable)
19. Agreement Copy (If applicable)
20. RERA (Real Estate Regulatory Authority) Registration Certificate (If applicable)
21. NA (Non-Agricultural) Order (If applicable)
22. Builder Master File and NOC (No Objection Certificate) (If applicable)
23. Building Plan Copy (If applicable)
24. Completion Letter (If applicable)
25. Latest Light Bill (If applicable)