InvestorQ : Could I get a plot loan if I don’t want to construct a house on it?
Suresh Patil made post

Could I get a plot loan if I don’t want to construct a house on it?

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Anusha Savla answered.
1 month ago
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Most of the investors are interested in buying land as it sounds satisfying to build your own house rather than renting the apartment for higher costs.

However, there are no specific loans available to purchase agricultural land, and the only loan one could get is to buy residential plots. This means if one avail of these residential loans, they need to construct a house within 2-3 years of purchasing the plot. One cannot just buy the residential plot and skip building the house.

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