OC for NEWA Garden-Phase II which is nearing completion

Q: I have heard that there is an issue related to the OC for this property considering it is falling in CRZ-2 area. Is it correct?? The banks are also providing loan for this property. Also let me know if OC is mandatory for resale of flat if obtaining loan from any bank.
Should i invest in this property? Please advise.

Rajiv Jain,

11th April 2015

Residential Project Review in Navi Mumbai

oc problem

buying properties in navi mumbai

residential projects in airoli

flats for sale in airoli

crz clearance

newa garden 2

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Replies (2)

Oc is a required document. You can not sell your property in absence of OC. Yo have seen the result of Campa Cola Societies in absence of OC.

Ravi Waghmare, Mumbai

13th April 2015

Comment

Hi,
A trip to the concerned department would be necessary. Better, take the advice of a legal expert. Are there any new development happening? Did you ask the builder for a copy of approvals?

Ravi Waghmare, Mumbai

13th April 2015

Comment

Remember Rajiv,
As a investor it is our first duty that we should complete all checks. Verified the copy of documents which you have obtained from the developer. Oc is a required document to enter in to premises.

Anuj Gupta, Mumbai

13th April 2015