Occupancy certifciates are a must for property buyers, as resale of these properties becomes a huge challenge without them. It is almost impossible for the new resale purchaser to avail the home loan without the OC. Hence it is crutical for home buyers of under construction and ready to move in apartments to understand the status of OC/CC. One of my friends mentioned that you can avail OC/CC verification services from Zippserv (https://www.zippserv.com/property-inspector/technical-verification-flat-bangalore.html), where a qualified civil engineer will visit the site and lets you know the exact "deviation" in your complex. If dieviations are in excess of 10% there are less chances of getting the OC. The prices looked very reasonable. I thought this is a great service and wanted more people to know about it.
Hi Sunil, builder will get occupancy certificate from the concerned authority and give it to flat owners. Unless the builder provides OC, buyers should not agree to take possession. In future the builders will be gone and buyers will suffer if there is any legal issue.
The Builder has to get the Occupancy certificate from the Municipal Corporation. It is a legal permission to sale the flat after which customers can buy and occupy them for living. If they do not have an occupancy certificate then the building is illegal. The builder has to submit a No Objection Certificate and Lift Safety certificate to get the Occupancy certificate.