Is Occupancy Certificate enough?

An Occupancy Certificate is necessary while seeking loans from banks and financial institutions or while applying for water, sanitation and electricity connections. Legally, a homebuyer cannot move into the property without the document.

How do I check my OC status?

How can a buyer check when his OC comes? The status of the project or related documents can be accessed on the web portal of the concerned RERA, if the project is registered under the Act. RERA mandates that all builders update the developments in the project on a regular basis.

What is the difference between Occupancy Certificate and completion certificate?

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.

What happens 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. The authority is dedicated to act on the grievances of the homebuyers and provide a solution.

Is OC compulsory?

Presently, OC is not mandatory for registering the sale of flats in Bangalore. However, the khata for the flat will not be issued unless the building has the OC. The flat also cannot be sold without the OC. Despite there being a law, why are people allowed to occupy buildings without OC?

Can we form society without OC?

Obtaining an OC is a requirement under the Karnataka Apartment Ownership Act, 1972. The law says one cannot legally move into a building unless the developer gets an occupancy certificate from the BBMP or BDA.

Is OC required for registration?

It is true that OC is currently not mandatory for registration, but it is mandatory for possession. By invoking a clause in the agreement, Reputed Builders is trying to intimidate the buyer.

How long does it take to get a certificate of occupancy?

How long does it take to get the certificate? It may take 5-10 business days after the application for certificate of occupancy is submitted. Temporary certificate has shorter processing time.