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What are Occupany Certificates?

Q: Hey I heard that if water and electricity supply is fixed in the building then every resident gets an occupancy certificate? What exacty is this? What does it do?


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Replies (9)
1
Correct. Hyderabad real estate market is doing quite well as of now. Things like land encroachments, evasion of property tax and so on must be avoided as much as possible. Also I feel lot more infra projects should come up. This will automatically lead to growth of real estate market.
Sanjay Naidu


2
These routine checks on property are so important. This is how stability is maintained and this trust in the market will lead to more investment and hence price appreciation.
Srinivasan Rao


3
A detailed report is going to be submitted pretty soon by collectors of Ranga Reddy and Hyderabad, GHMC and HMWS&SB officials to the state government where they will wait for further orders and see what's next thing to be done.
Ashok Sharma


4
But with respect to Gurukul Trust land, many had taken permission and started construction. But even those who did not get OC still constructed buildings while the matter was still being heard in court.
Asif Khan


5
Finally there is also a sytem now of looking into property tax. The survey also looked at all those completed buildings and whether they paid property tax. This can help avoid land encroachment issues in Hyderabad.
Shilpa Vydyula


6
I think there was a survey conducted recently to see how many people actually have permission, how many could be completed and why certian people did not apply for OC.
Apsara Ivaturi


7
Yeah but some exceptions are there. In constructions having 100 sq metres with height of 7 metres, OC's are optional. And individual buildings in plots having 200 sq metres with a height of 7 metres are exempted from mortage clause.
Siddarth Mamanthur


8
Yeah the corporation is really going to improve the system so that all builders and developers will now have to apply for an OC. Now more and more people are applying for OC because they only recently understood the importance and necessity of it.
Ashok Kolluru


9
On July 3rd, employees of Hyderabad Metropolitan Water supply and Sewerage Board were asked to give everyone occupany certificates. To all those who they granted water and electricity connections.
Raghav Karra


10

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