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While looking at the real-estate section for flats for sale in Bangalore electronic city, you must have come across the term OC Obtained Projects in Electronic City.
The occupancy certificate is issued after the completion of the building and is an indicator that the property has been built as per the government norms and local laws and that it is ready to be occupied.
This certificate is what secures the legal status of your property and safeguards your ownership rights.
It might be startling to know but a vast majority of the residential apartments in Bangalore have been occupied by the residents without an occupancy certificate due to which they are facing several legal hurdles.Complications of buying without an OCWithout an OC, the local authorities can initiate action against you and you may have to face the following repercussions.
You will not be able to procure a home loan or resell your flat in Electronic City Bangalore without authentic OC.Your water, sanitary and electric supply can be cut off without any mercy in the absence of an OC.How to procure an OCYou can obtain an OC from your local bodies by submitting an OC application form along with the following documents.Completion CertificateCompletion CertificateNOC for Fire and PollutionBuilt and Section PlanPhotographs of the Completed BuildingArea calculation Sheet of the floor signed by an authorized architectCopy of the Sanctioned PlanTax Assessment with Tax Paid ReceiptPhotographs of Rainwater harvesting and Solar PanelsLegally, the builder should submit the OC application to the municipal commissioner within 30 days of the completion of the property.
After the submission is completed, the authorities would come to inspect your residential apartments in Bangalore and confirm if all the norms have been adhered to in its construction.How to applyIf needed, even you can apply for an OC as the flat owner.
