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Real Estate Forum on Completion Certificate And Oc

Real Estate Property Discussion Forum and Guide to Real Estate Queries

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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
Latest Answer: thanks for sharing
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Q: I am looking at "Vikyath Icon" apartment, where they have illigal 4th floor and they used more land (+1000sft) than specify in the approval.

Do they get the OC letter? is it worth to buy it? I see many of the local builder are doing this in Bangalore & many of them leaving without OC.

is Akrama-Sakrama GO applicable to this?

Please share your thoughts on this.

Latest Answer: 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.
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Q: What are the necessary aspects we remember while buying any high rise apartment?

Latest Answer: Hi Kunal and Balwinder!!! I am agree with both of you. Undeniably, high rises satisfy the drastic demand of rentals in cities to an extent, they are excellent places for short stay. The prices of the flat are less compared to an individual house in the cities. Most importantly, it diminishes the demand of daily commuting and its associated stress and tensions. These places are blessings for people who are supposed to live and work away from their home.
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Q: Sir/Madam, Please let me know whether it is legal to buy a flat which is as per licence but the building has illegal floors above. It does not have OC. What is status of legal flats in case of Akrama-Sakrama is not approved?
Latest Answer: Dear sir, I want to buy resale flat which is 8years older.That is A-katha property. Properties is having 30flats and only 4 floor. I asked for OC they are telling builder not given OC at that time and it is old property 8years back constructed and does not required OC.present new construction it is mandatory to give OC.Please suggest can I go a head to buy without OC certificate.
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