Latest Answer: Hi,
I don't think that Development rights and Gram Panchayat approvals are sufficient for buying under construction property. You may fall in difficulties if buy. Because there are multiple documents required for under construction property, in absence of any these documents, construction may stalled at any time.
Latest Answer: Not required to execute any deed or document for creation of mortgage by deposit of title deeds. The Bank generally ask for declaration of director for the creation of the mortgage. In loan agreement it is not required to mention that how the mortgage will be created. If you mention in loan agreement that the mortgage will be created on immoveable property to secure the laon amount than it is sufficient.
