What Is Occupancy Certificate And Why You Must Check It Before Buying A Home

An Occupancy Certificate (OC) from your developer is proof of the project’s compliance to safety norms. It also certifies you as the legal owner of your property. Here’s why it is an important document for a home-buyer and developer

An electronic billboard lights up the entrance of an under-construction luxury residential project announcing the countdown to the exact date that the home-buyers will receive the Occupancy Certificate (OC) from the developer and reside in their luxury apartment as legal home-owners. This brings the spotlight on the significance of an OC for both, the developer and the home-buyer in a property deal.

More about OC Occupation Certificate
An OC is a legal certification that declares the building – residential or commercial – as ready for occupation. It is issued to the developer of a project by the local authority within 30 days, certifying that the building has been constructed according to the approved plans and is in compliance with all the provisions stated under the existing building bye-laws of the state. In fact, under Section 11 (4) (B) of the RERA Act, it is mandatory for a developer to obtain a completion/occupancy certificate from the local authority.

“Ideally, only after receiving the OC can people occupy the building as connection for civic amenities like water and electricity can be applied only once the OC is received. But in most cities, home-buyers occupy their flat before they receive the OC. Even while it is illegal, the practice has been quite prevalent,”.

“In Telangana and other cities, the authorities issue a Completion Certificate (CC) to state that the building is habitable. On the basis of the CC the builder can apply for water, electricity and sanitation connections.

Comments

Wow! Eagerly waiting Hyderabad Regional Ring Road Project got approval: master plan, importance & updates 2021

REGIONAL RING ROAD TELANGANA 348 km proposed project for Telangana Regional Ring Road has brought a major infrastructure boost to Telangana, the Centre has cleared the proposal for construction of a 348-km Regional Ring Road (RRR) that would connect all the districts in the State with Hyderabad. A 348-kilometer Regional Ring Road (RRR)intended to decongest traffic in the city. 13000 crore RRR project Chief Minister K Chandrashekhar Rao proposed the mega project in 2017, and the State government sent necessary proposals to the Centre seeking permissions and funds to take up the project. The State government has agreed to bear 50 percent of the Rs 13,000-crore RRR project that would come up beyond the existing Outer Ring Road (ORR) . Connects major districts of Telangana with Hyderabad The RRR will be developed on par with international standards, connecting Sangareddy, Narsapur, Toopran, Gajwel, Jagdevpur, Bhongir, Choutuppal, Ibrahimpatnam

WHAT IS FTL LAND (FULL TANK LEVEL) IN TELANGANA?

FTL LAND (FULL TANK LEVEL) Full Tank Level Lake maps are being prepared to show Full Tank Level (FTL) boundaries, showing Lat-long coordinates and buffer zones all around the lakes, and subsequently superimposed with Revenue survey numbers of the relevant part of the village map. Restriction of building activities in the vicinity of water bodies. The Hyderabad Metropolitan Development Authority is constituted under the provisions of HMDA Act, 2008 for the purpose of planning, coordination , supervisi ng, promoting, and securing the planned development of the Hyderabad Metropolitan Region. The Hyderabad Metropolitan Region has a large number of lakes and water bodies that are of critical importance to the Hyderabad Metropolitan Region for many reasons, including some as mentioned below: • Recharging of groundwate r to meet various uses. • To se rve as lung spaces for the large urban population. • For maintaining ecological balanc

“Why Is Undivided Share Of Land Is Important In Apartment”

‘Undivided Share of Land’ (UDS) in the apartment: most important awareness in any real estate purchase in an apartment. Most important awareness in any real estate purchase in an apartment . Buyers often decide their property purchase based on the factors like built-up area offered and the additional amenities attached to the flat. But most important awareness in any real estate purchase in an apartment which is the actual land that one will own is often overlooked. This is more so in the case of the apartments. When an apartment is purchased a certain value of the land will also be allocated in the name of the buyer. This portion is called UNDIVIDED SHARE OF LAND (UDS). It is a part of the plot given to the owner of the flat in an apartment complex on which the entire structure is built. This share of land has no defined boundaries and each and every flat built on that particular plot will have associated UDS. Significance of UDS 1. The building itself isn’t of much importa

Fine properties 360

Search This Blog