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The term “Lal Dora” came in existence for the first time in the year 1908. It is a name classification given to that part of the village land which is a part of the village “abadi or habitation. This land was supposed to be used for non-agricultural purpose only. Ideally it is an extension of the village habitation, which can be used by the villagers for their ancillary purpose such as keeping livestock.
In the olden days, these areas were marked by the land revenue department by tying a Red Thread (Lal Dora) around it to make a boundary and also to distinguish it from the agricultural land. Such type of land also denoted that the jurisdiction of the municipal authorities or the urban development is not application here completely. There is no need to apply for the building sanction plans as well. This Lal Dora Land can be used to establish residential as well as commercial activity with some approval.
As far as the loan is concerned, it is difficult to get loan to buy property and construct here, as the land is not authorized by the city’s development authority.
Rate of Interest |
7% - 11.5% |
Processing Fee |
0.5% - 2% |
Loan Duration |
Maximum 15 Year |
Cibil Score |
650 or Above |
Pre Payment Charges |
Nil (As Per Bank Policy) |
Property Type |
Residential, Commercial, Industrial, Multiunit, Lal Dora Property, GPA etc.. |
6 Month Bank Statement along with Business Reglistration Proof
Copy of PAN card, 2 Year ITR, Current Year & Previous Year
Electricity, Water & Mobile Bill, Aadhar Card, Voter ID or Passport
Business Registration Certificate, Company Formation Documents
STANDARD CHARTERED |
7%* |
|
AXIS BANK |
7.5%* |
|
ICICI BANK |
8%* |
|
HDFC BANK |
8%* |
|
INDUSIND BANK |
8%* |
|
KOTAK MAHINDRA BANK |
8%* |
|
LIC HOUSING FINANCE |
8%* |
|
AU SMALL FININCE BANK |
10% |
|
AU SMALL FININCE BANK |
10% |
|
JANA SMALL FININCE BANK |
10% |
|
IIFL HOUSING FININCE |
11% |
|
SHRIRAM CITY UNION FININCE |
11% |
6 Month Bank Statement along with Business Reglistration Proof
Copy of PAN card, 2 Year ITR, Current Year & Previous Year
Electricity, Water & Mobile Bill, Aadhar Card, Voter ID or Passport
Business Registration Certificate, Company Formation Documents
Though the term Lal Dora applies to both Rural and Urban Villages, the thin diving line has fade away over the period of time and prime areas of Delhi today, which are still classified as Lal Dora operates commercial high end residential area.
Villages like Basant Gaon, Munirka, Khirki, Yusaf Sarai, Katwaria Sarai, Mahipal Pur, Chhatarpur, Burari, Najafgarh, Lado sarai, Mehrauli, Shahpur Jat, Mundka, Badarpur etc., have all been absorbed into the development limits of Delhi and they form a part of elite areas.
Many Lal Dora abodes have the facilities provided by the government like secure electricity connections, water from DJB, sewerage, etc.
Advantages of buying a property in Lal Dora regions :-
As discussed above about Lal Dora properties. One can find
Important: One must go for the Lal Dora Certificate if owning property in Lal Dora. This certificate is used to establish that an individual is a legal owner of that particular property/land in the “Abadi” area of village. This certificate is one of the most important document for getting water/power connection in a village. One can visit the office of Sub-Divisional Magistrate in whose jurisdiction one resides to obtain “Lal Dora” certificate.