Can I buy property without OC?

1. Without a valid OC, your occupancy is illegal as it can be classified as an unauthorised structure by the authorities. 2. OC is crucial while applying for a home loan or loan to purchase a resale flat.

Is OC certificate mandatory?

The certificate is an indication that the building is suitable for occupancy. An OC is required, when applying for water, sanitation and electricity connections.

What if OC is not received?

Offering the possession without OC is a breach of the law and punishable. Any building that has not received the OC from the authorities is considered under-construction projects. Consumer Court: State laws give the consumer forums the authority to take the matters of real estate and provide relief to the homebuyer.

Is OC and completion certificate same?

The OC is issued only once the building has been completed in all respects and can be occupied. So, the main difference between Completion certificate & Occupancy Certificate is that CC shows that the building construction is done as per the plan which was approved by the concerned authorities.

Can builder offer possession without OC?

Conclusion: As per Section 11 (4) (B) of Rera Act, a developer has to obtain a completion/occupancy certificate from the local authority. If the builder is not giving you the OC then Any aggrieved person may file a complaint with the Authority or the adjudicating officer, of RERA Redressal.

Is OC required for Villa?

As per the Statutory requirement is concerned, even OC is mandatory towards villa construction you never get any legal hassel.

Can builder give possession without OC?

Is registry possible without OC?

A buyer can move into his/her new apartment only once the OC has been received, OC is not required for registration of the property during purchase.

Is building completion certificate mandatory?

A completion certificate is needed for residential buildings to convert water rates from non-domestic to domestic ones. Without a completion certificate, a buyer can face penalty and even eviction from the property by the authorities.

Can you sell house without completion certificate?

A completion certificate is issued when any building work done in your property is inspected and approved by professional building control surveyors. Although you can sell your home without a completion certificate, you may not get as much for it. …

Why is a completion certificate required?

A completion certificate makes sure the buyer is not residing in an illegal property. Claiming the benefits of the property tax is only possible after getting a completion certificate. A completion certificate is needed for residential buildings to convert water rates from non-domestic to domestic ones.

Do I need an occupancy certificate (OC)?

You will require an OC, when you apply for a home loan, or if you are purchasing a resale property. You would also need a valid OC, when you wish to sell your property. See also: Real estate basics: What is a Commencement Certificate? How can you obtain an occupancy certificate?

What happens if I buy a house without a CC/OC?

Occupying without these certificates is considered illegal and the authority or the civic body may ask you to vacate the property in future. CC/OC can be required to claim Income Tax benefits for home loans. CC/OC may be asked along with the home loan statement.

Can I move into a house without an occupancy certificate?

Don’t move into a house without an Occupancy Certificate, it’s illegal 1. Without a valid OC, your occupancy is illegal as it can be classified as an unauthorised structure by the authorities. 2. OC is crucial while applying for a home loan or loan to purchase a resale flat. You cannot even sell

What is the difference between completion certificate and occupancy certificate?

So, the main difference between Completion certificate & Occupancy Certificate is that CC shows that the building construction is done as per the plan which was approved by the concerned authorities.