Suggestion on plot purchase
Hello all,
Would you recommend buying an HMDA plot in Mokila? What is the current average price per sq yard? I am considering purchasing the plot for end use, possibly building a house after 5 years.
For this purchase, I plan to use the money from the sale of another property to reduce taxes, and for the remaining amount, I am planning to take a mortgage on an existing plot of mine. Do the banks allow this type of transaction? If so, will they give the mortgage based on the market price or the government-assessed price? And up to what percentage of the land value do they typically lend? Thank you!
Posted Feb 26, 2026, 3:36 AM UTC
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