hii.
Myself Rakesh from Baroda, Gujarat. I have finalized 1 home in Anand, Gujarat. The cost of home is 30 lacs. My and mywife total earning is Rs 8 Lacs per annum. Now problem is, Builder is providing a Loan documents only of Rs 14 Lacs and banks are normally sanctioned 85% ( means 11.9 lacs).
Presently , I have a liquid cash of only Rs 10 lacs. Now my problem is , I have 10 lacs + Rs 11.9 sanctioned by bank so total would become 21 lacs only. so still there is a differance of Rs 9 lacs. Builder is not ready to provide documents more than 14 lacs ? now please advise me, what should i have to do? according do the salary we are eligible a loan for 20 to 25 lacs but builder is not providing documents more than 14 lacs. I want to go for only home loan, kindly advise me. is there any provision available that , i can take a home loan of rs 20 lacs against my salary documents and documents provided by builder (14lacs) .......
.From Rakesh.
CAclubindia
