Sites in Horamavu / NRI layout

[akula]

I've been looking to buy a plot in NRI layout near ramamurthy nagar / Horamavu and construct a house in a year or two. I see that some of the plots in this area are dc converted and some are not, not sure why this is so. All of this place is now under BBMP limits and people have paid their taxes also. The price per sft ranges from Rs1200 to Rs1400. Anybody else have experience in this area, pls share abt the following.

1. Can I avail homeloan (with tax benefit ) for buying plot ? Will I get the tax benefit on EMI only after constructing the house ?
2. Some developers in this area have tie up with PNB and only PNB is ready to give loans for their plots where as other banks (like SBI) dont. Does it mean PNB is not being stringent in its checks ?
3. Is the above price reasonable ?

Thanks,
Hanumanth

[Hari]

Did you hear any thing on NRI layout, pls share your findings. I am also looking for land at NRI layout.