For purchasing a property you need to collect sale deed in the name of the present owner, and the links (past registration deeds and documents) for the last 15 years, Encumburance Certificate, Approved Plan for construction and Tax paid reciept.

Please check whether the property is registered in the name of NRI directly or through any GPA holder. If the property is registered in the name of NRI through GPA (General Power of Attorney) or SPA (Special Power of Attorney) holder then you need to collect the GPA or SPA documents also.

Own Contribution Reciept (OCR) is one of the most important things in one's loan processing. If you have given any bearer cheaques please check with your bank statements as the banks need mention the bearer name while clearing the cheaque and show them the details to the bank officials for their approval.

If you haven't given any beare cheaques then you need arrange funds again and do the process as the bank insists in paying the margin money through cheaque only.

Banks will sanction the loan amount on the basis of three factors which are your monthly earnings, agreement amount and the valuation amount. Banks will disburse the amount which ever is less among these three.

Coming to the property, the property which you are purchasing is 15 years old which will attract depriciation of max 30% of the property valuation.

If you are a self employed person and filing returns then you can contact any bank for availing the mortgage loan Under commercial Mortgage categeory. The maximum funding for the property will be 50% of the market value with a maximum tenure of 10 years.

You haven't mentioned the nature of business, If it is a job Consultancy then most banks treat it as a Negative profile and dont fund. If it is other than Job or Real estate consultancy then you can try for the OD with any nationalised banks who can fund upto a maximum of 50% of the property cost as OD.

For the details of the transaction you need to contact the local Sub- Registrar office and take EC (Encumburance Certificate) for the particular property in which you will get all the details like who was the seller and purchaser and the year of transaction in which it is sold.

The EC will reflect a document number by taking a certified copy of which you will get all the details like the residential address of those people who made the transaction and can further deal with them fro getting the property back. Before this you are suggested to take all the proofs that you have in respect of that property.

It is always suggested to buy any property with the right documents only. Ask the developers to get the things done before buying the property.

For checking the legality of the property you need to check with the Developers Sale Deed and the links (Past registration Deeds and documents) for the last fifteen Years, cross check the details stated in the documents with the EC. For selling the plots the developers must have a approved Lay out copy signed by the competent authority.

Banks will fund for the plot and for the construction both, But banks do believe that Gram panchayat's have the rights to give permission upto first floor only not above that depending on area to area. As you said there is an existing G+2 construced building is there you are suggested to enquire whether it is regularised or not. If it is regularised all banks do fund for the property upto maximum of 85% of the property cost, sanctioned amount or the agreement amount which ever is less.

All the banks do ask customers to pay the margin money in advance before making disbursement of the loan. If you are going for a loan of 15 lacs through the bank you need to pay remaining 12 lacs in advance to the seller to show the bank that you have made the margin money payment.

As you said you are working with three different global services for the last one year the documents for the loan application will be same as of a salaried person in India and regarding the purchase of property it is always suggested to the customers to verify the legality of the property with an advocate even it is approved in multiple banks.

Before paying any amount further to the builder ask for complete set of Title documents(Present deeds and links for the last 15 years) in respect of the total venture and visit a legal advocate for a second opinion. It is always suggested to have a second opinion done rather than believing the Builder or the Banks in which the property legality is cleared.

If you find any discrepency you can ask to the builder to resolve it, if he cant then you reserve the right to ask the builder for the refund of the amount which you paid as advance for purchasing the property.

If the layout is completely developed with roads, drains and electricity then definately you can avail loan from the bank, But the loan will be disbursed for the plot first and later for the construction.

The loan will be treated as Plot + Construction case, the complete details of which you can see in the prodcuts of the main menu.