Latest Answer: Hello Raju,
Certificate of Occupancy or completion certificate is a document which is issued at the end of the construction by a local government agency or planning authority. The document is a proof of the building's compliance with applicable building codes and other laws. A flat owner can occupy an apartment only once the OC is issued, as per law. The OC also plays a significant role while applying for home loan or loan to purchase a resale flat.
Q:Hi, I own flat in RR & they are offering FITOUT certificates, which is not legal OC? Is this safe to move in with this certificate. And this soon my agreement date crossing 24 month deadline. I am really upset with there timeline. When I asked to builder office they said you can move in on you risk? But while booking they told me that it will be complete possession. This is really smart move to avoid further unseen problem by builder & create for customer. I am literally screwed-up here.
Latest Answer: Seeing the current malpractices by the builders/developers, I suggest that you double check following documents in case you have already decided to move in:
1) Check Fire safety certificate, 2) Cross check structural safety certificate, 3) Ensure that builder has applied for water connection etc., 4) Ask for lift fitness certificate and maintenance agreement. To save money builder have not taken AMC yet, 5) Ask for no dues certificate for land/plot. If builder defaults on the payments, you shall not be able to get sub-lease done and, 6) Ensure state electricity connection is in place.
