Sudarshan - The question really is can you stomach the torture you go through BBMP to get the katha changed. Even after paying a bribe if you get a B katha and one day if the Court gives approval for Akrama-Sakrama and you need to pay say around 10-20 lakhs for regularization - Can you stomach the bill ? After 5 or 10 years, If you want to sell the property and the buyer says, it has B katha and illegal so the offer would be 40% down from market - So can you stomach that ? In the end, it is you who will go through hell - not the builder, BBMP or any other guys. So think about it and make your choice. Your are responsible for your health, wealth and happiness :-) All these three would be greatly affected. That's my 2 cents.
The Karnataka Chief Minister said that the government plans to take stringent action against those errant builders flouting building bye-laws by not providing home buyers with an Occupancy Certificate. I would suggest you, not to go for projects were the builder is not providing OC.
I observed most of the builder (90%) they are not strictly following bay-laws. but not sure govt is not taking any action.. because of this buyers are getting into trapped and facing problems after buying the property.
OC is an essential legal document that has to be obtained by the builder once the construction is complete. This ensures that the building has been constructed in a completely legal way adhering to the approved plan.
Having an OC serves another important purpose. This is a mandatory document if you are applying for a home loan, while buying either a new flat or a flat on resale.