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Date : Jul 19, 2009

Question

I have a hse in delhi on land 300sq yds.I bought this agriculture land in 1990 on general power of attorney ,and made my house on this land.I am residing in this house. The worth is around 3.0 cr.I need to raise some funds to cover my margin for a project which is sanctioned by a nationalised bank. Can you suggest me the names of banks who really provide loans against GPA .

Answer

You cannot get a loan against or for an agricultural land.

 

 

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