Composite loan on a site for construction

[sathyk]

I have been looking to buy an apartment for self-occupancy and 3 of my friends were also looking to buy. Considering the current pricing trend and total cost involved we thought of buying a land parcel and build apartment of structure G+3 for self-occupancy. This appears to be cost effective and may work out well.

One of the nagging question is, what are the odds bank would even consider this given that the idea is to register the land on all four and start the construction (composite loan and all are unrelated). Is this possible? If not, what are the other options available? Looking for advice from the experts.

Thanks in advance!

-sathy