• 10:00 AM - 07:00 PM
  • +91 9990357766

Loan Against Lal Dora Property

Required Loan Lal Dora Property ?

The term “Lal Dora” came in existence for the first time in the year 1908. It is a name classification given to that part of the village land which is a part of the village “abadi or habitation. This land was supposed to be used for non-agricultural purpose only. Ideally it is an extension of the village habitation, which can be used by the villagers for their ancillary purpose such as keeping livestock.

In the olden days, these areas were marked by the land revenue department by tying a Red Thread (Lal Dora) around it to make a boundary and also to distinguish it from the agricultural land. Such type of land also denoted that the jurisdiction of the municipal authorities or the urban development is not application here completely. There is no need to apply for the building sanction plans as well. This Lal Dora Land can be used to establish residential as well as commercial activity with some approval.

As far as the loan is concerned, it is difficult to get loan to buy property and construct here, as the land is not authorized by the city’s development authority.

Loan Against LAl Dora Property Details

Rate of Interest 9.6% - 11.5%
Processing Fee 1% - 3%
Loan Duration 5 Year - 15 Year
Cibil Score 700 or Above
Pre Payment Charges Nil
Lowest EMI 1% of Loan Amount

Easy Documents

Bank Statement

6 Month Bank Statement along with Business Reglistration Proof

ITR Copy / PAN Card

Copy of PAN card, 2 Year ITR, Current Year & Previous Year

Any Residence Proof

Electricity, Water & Mobile Bill, Aadhar Card, Voter ID or Passport

Registration Proof

Business Registration Certificate, Company Formation Documents

Though the term Lal Dora applies to both Rural and Urban Villages, the thin diving line has fade away over the period of time and prime areas of Delhi today, which are still classified as Lal Dora operates commercial high end residential area.

Villages like Basant Gaon, Munirka, Khirki, Yusaf Sarai, Katwaria Sarai, Mahipal Pur, Chhatarpur, Burari, Najafgarh, Lado sarai, Mehrauli, Shahpur Jat, Mundka, Badarpur etc., have all been absorbed into the development limits of Delhi and they form a part of elite areas.

Many Lal Dora abodes have the facilities provided by the government like secure electricity connections, water from DJB, sewerage, etc.  

Advantages of buying a property in Lal Dora regions :-

  1. Low rates: - The property rates are lower here comparing to the other authorized area of Delhi.
  2. Proximity important Location: - Owing to the location advantages, these areas have also become popular.
  3. Change in regulations: - The plots of over 1,500 sq. ft. are allowed to be redeveloped into multistory apartments, as per Delhi Master Plan. This has attracted a number of small developers, to enter into development agreement with land owners. Thus, new supply has come up in these regions. “Buyers are preferring these newly-built properties, instead of the old DDA constructions, which are costlier.

As discussed above about Lal Dora properties. One can find

  1. Lal Dora property in Burari
  2. Lal Dora property in Mudka
  3. Lal Dora property in Badarpur
  4. Lal Dora property in Bawana

Important: One must go for the Lal Dora Certificate if owning property in Lal Dora. This certificate is used to establish that an individual is a legal owner of that particular property/land in the “Abadi” area of village. This certificate is one of the most important document for getting water/power connection in a village. One can visit the office of Sub-Divisional Magistrate in whose jurisdiction one resides to obtain “Lal Dora” certificate.