Q: Can anyone provide me the reference of clause or ruling under consumer act whereby builder is under compulsion to provide OC before giving of possession
And remember, if your builder is not obtaining Occupancy Certificate, you can issue a notice to him to apply and handover the required documents. Failing which, you can also approach a consumer forum or can file a writ petition.
Yes, Once the builder receives the Completion Certificate, they have to obtain Occupation Certificate from the civic bodies. Occupancy Certificate certifies that the building has complied with all the required building standards, local laws and it is safe to occupy. Occupancy certificate is issued by local municipal authorities or building proposal department that provides no objection to occupy the building under reference for its specified use. The Occupancy Certificate is issued only once the building has been completed in all respects and can be occupied.
@Ashwanee, It is also used at the time of claiming Income Tax benefits on your home loan, your employer may ask you to submit Occupancy Certificate along with the home loan statement, 2) Most of the financial institutions may insist on Possession Certificate to sanction home loans, 3) you may find it very difficult to find a buyer in case if you wish to sell your Flat in the future.
Hi, Obtaining Occupancy Certificate and Completion certificate can be mandatory under respective State laws. As per these state laws, one cannot legally move into a building unless the developer gets an occupancy certificate from the respective local administrative or civic bodies. The corporation or municipality can ask the apartment owners to leave such illegally occupied flats or impose heavy penalties in the name of ‘regularization’.