You can, provided the city where you are purchasing the property is withing purview of the Bank and they can send their staff to assess the facts. Some Banks having branches all over the country, refer to the branches in which the property exists for assessment and after getting reply they issue loan from any city from where the applicant resides and applied for loan.
PFRDA has recently launched the scheme with a lock period till age of 70 (partial withdrawal at 60). Also, the amount necessary needs to be invested in the another pension fund after age of 70.
On the other side, companies under IRDA purview have way higher pension charges than the PFRDA.
A strong viewpoint from a financial planning expert would be highly appreciated