You want to apply for a Home Loan in Bhopal and purchase your dream house. As you have mentioned that you want to apply for a Home Loan along with your brother, that means, you want to apply for a joint Home Loan.
A Joint Home Loan is a brilliant idea for getting a higher amount of loan and to purchase a bigger house. There are many more advantages of applying for a joint Home Loan like both the co-applicants can avail the tax benefits on principal and interest part of the loan.
But, a Joint Loan is only sanctioned to few relationships, like:
Father and son
Husband and wife
If you want to take a Home Loan with your own brother, you can do it. But, co-owners can only be co-applicant of the Home Loan.