Banks generally do not make Home Loan on Regularized Area Property. However, there are some HFCs and NBFCs which provide Home Loan on Regularized Area Property with some special terms and conditions. What is Regularized Colony ? A regularized colony is one whose land use is changed by the government in a statutory manner. Since huge vote banks reside in unapproved or unauthorized colonies, unauthorized colonies are finally able to undergo regularization and take advantage of basic civic amenities such as water supply, sewerage etc. Once they become regularized they…
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