New Delhi: When Sonia Chopra got a possession letter from here builder after waiting for 8 years. She did not have a place of happiness. She did not take any time to pay the remaining money for the flat price because she was waiting for the construction to be completed for years. The builder gave him the key of the flat and said that the Occupancy Certificate (OC) will be found in a few months. Without delay, Sonia moved to her new home.
The joy of Sonia’s new house did not last long. About after one year when she was waiting for OC, the authorities declared her property as unauthorized and issued instructions to vacate the flat. Nowadays, the buyers are shifted to the flat without the OC, due to which the legal status of the property can be in danger and if ignore it instructions can be given to evacuate it. Let’s know what is Occupancy Certificate and the importance of Occupancy Certificate for you.
What is Occupancy Certificate: This is a legal document which confirms that construction work is in accordance with Building Rules. It is released by the local municipal administration after completion of the construction work and is ready for the possession. Associate of Alpha Partners Kunal Arora said, “OC has become important because it is a document which tells that the construction work has been completed and it is in compliance with all the rules.”
Difference between CC and OC: Compliance Certificate (CC) indicates that the builder has not broken any building law and has constructed all the standards. This document is essential to get basic amenities for any apartment or building. On the other hand OC construction can be taken after completion of the work. CC can not be considered legal occupation, it is necessary to have OC to shift.
Flats With out OC
- Without the Occupancy Certificate your building can be dropped or the administration can terminate it as unauthorized.
- Occupancy Certificate is very important when applying for home loan or for a loan for the old flat. Even without valid OC you can not sell your property.
- Common facilities like water, sewer, electricity can be stopped if there is no Occupancy Certificate.
How to apply for Occupancy Certificate?: In municipality can be apply for OC. If all types of approvals have been received, within 30 days of applying the application, you will get OC. Even if you are a builder, you will get OC within 30 days after showing all kinds of documents.
What to do if the builder refuses?: If this happens, you can send a notice to the builder and ask for OC, with the help of a lawyer. You can also file a complaint in NCDRC. OC is an essential document that secures your investment. Do not accept the possession without it. As a Buyer, make sure that your builder has made all necessary approvals.
Keep these 5 things before Possession
- Possession letter
- Occupancy Certificate
- Parking area
- floor plan
- General amenities