I have a piece of land, i would like to construct a flat?

i am planning to construct a flat (approx 7 portions) ground 1 nos and 1st to 3rd floor each 2 nos, my land is situated in chennai the area is 40 x 80 sqf(approx 3200 sqf) is it possible to pledge the land and avail loan, kindly tell me which bank is offering such loans,thank you.

If the land is in your name, HDFC bank will approve loan, provided the design of flats is approved by local authorities. Contact www.hdfcbank.com

go to your bank, i mena whre u have an account, they will help you out. u have to have proof that the land is in your name only and u have approximately 20 % of the cost of flats to invest from your side.

Very good...

May be u can find some relevant property information on http://www.99acres.com/

There are so many promoters in this field who will be able to guide you in this matter.

all recognized private and psu banks cover this mode of loan. only that the rates differ. you can check with icici and hdfc for hassle free processing and less paperwork