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The term Lal Dora was first coined in 1908, referring to the extension of village land used specifically for agricultural purposes. At present, Lal Dora comprises 360 villages and their extensions around the locality.
There are several risks involved in investing in Lal Dora Property but its advantages outnumber them.
The Advantages of Investing in a Lal Dora property are –
- You do not need to go through a registration process to purchase a property under Lal Dora. However, you need to contact the Delhi district authoritative bodies and obtain a Lal Dora certificate to claim ownership of this property.
- Municipal jurisdictions do not regulate any property under Lal Dora. Hence, the construction of property becomes easier due to the absence of any lengthy paperwork.
- The price of the property is much lower in Lal Dora than in other areas of Delhi. Moreover, the approval rate of your property purchasing application is significantly higher than in other parts of the state.
- Several villages in the Lal Dora area are located near the industrial and commercial centers of Delhi. So, the connectivity of this region is another perk for which you should opt for a property under Lal Dora.
Hence, if you are planning to buy a property, you can consider the Lal Dora region. Availing a loan against property to construct a house in Lal Dora can be a convenient financial solution due to minimal documentation and a hassle-free application procedure.
Make sure you know the charges on a loan against property before availing and refer only to leading financiers.
