Ownership of property requires years of saving, evaluating, and documentation. What would happen if the government declares your ideal property illegal and demands you to vacate it?
Although it may sound impossible, it’s not. If the Occupancy Certificate, a crucial step is missing, this nightmare could become a reality
Let’s explore the intricacies of these agreements and their relevance in more detail.
What is an Occupancy Certificate (OC) :
An occupancy certificate is awarded after a thorough inspection of a constructed property verifying that the project was constructed following appropriate building codes, regulations, and laws as done by the local government officials stating that it is fit for the occupancy
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Why Occupany certificate?
It certifies your property’s legal status and safeguards your ownership rights, which cannot be understated.
The local municipal authority has the power to pursue legal action in the absence of a valid OC for a property.
The legal possession of the property by the owner is valid only after obtaining the Occupancy Certificate.
How to obtain an OC Certificate?
To obtain OC, a specific collection of documentation is required to be submitted to the local authorities which include:
- Project Commencement Certificate
- Project Completion Certificate
- Building’s Sanction Plan
- NOC – No Objection Certificate
- Building’s sanctioned plan
- Photographs of the building
After the verification of these documents by the local authority, the Occupancy certificate is granted.
How to check the status of OC?
The status of a project can be accessed on the web portal of the concerned state’s RERA, if the project is registered under the Act.
If the information is outdated or unavailable on web portals, local government or civic organizations can confirm it.
Nevertheless, always ensure that your OC is in place to enjoy a smooth journey while you set out to buy a new property.