is this property has A Khata from BBMP ? Is builder providing OC at the time of registration ?

Guruprasad,

7th July 2015

Buying property in Mahaveer Rhyolite, Bannerghatta Road, Bangalore

bannerghatta road

mahaveer rhyolite

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Replies (4)

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.

Sharath C, Bangalore

28th July 2016

Comment

Mahi Garg, Please don't believe the builder. Get verified by yourself. Go to the BBMP zone office and ask for plan approval document for the property. If the builder has violated the sanctioned plan, he cannot get an OC - period. He can get a duplicate OC - Beware, Builders are doing that now.

Rule of thumb, if SBI is not approving the loan, then the builder has not build as per plan or the builder would be black listed.

I would suggest you please buy the property from the reputed builder. The real estate marked has crashed and there are good deals for buyers. Don't listen to real estate developers who say that there are only few apartment vacant. Not possible at all in this scenario.

vishnu sr, Bangalore

9th July 2015

Comment

Hi Vishnu, What is your take in this as I could see Mahaveer Group has successfully completed 10 projects? What is the status of Mahaveer Rhyolite?

Devank, Bangalore

15th July 2015

You can call on this toll free number (1800) (180) (180) (180) Or You Post your Requirementsto get matching properties details on your Email and Mobile

Mahi garg, Bangalore

8th July 2015

Comment

The project is ready to move in and it has got approval from BBMP and banks like HDFC, Axis, LIC Housing Finance and SBI. These days OC is mandatory as recently declared by the government.

Vasanth,

8th July 2015

Comment

Thanks for the information. However, i do not see this property in SBI approved list.
Let me rephrase my question - Has any of the owners got OC or A Khata from builder yet?

Guruprasad,

8th July 2015