Latest Answer: Hi Abdeali!!
Don't purchase any flat in such projects. The banks and financial institutions are most unwilling to give loan in respect of properties which do not have OC. Besides, no wise buyer will agree to purchase such property.
Latest Answer: Hi Sreekanth,
Kesar Exotica, Kharghar, Navi Mumbai id a completed project since October 2012 and people have taken possession of their flats. Did you ever talk to the builder or visited the project site?
Latest Answer: If there is no OC, the Local Body can also take action against the flat owners, as the law says no person can move into a building without the OC. Such cases have been seen in Mumbai and Delhi real estate markets. The classic example is the Campa Cola case in Mumbai.