Is Your Dream Home Ready? Then Here’s Why You Need An Occupancy Certificate
After years of savings and paperwork, you finally have your dream home ready. But, what if your home is declared unauthorised and you are being evicted by the local authorities? It sounds like a dreadful nightmare. Overlooking the importance of timely approvals and certificates will surely turn this nightmare into reality. One such crucial link in the property buying process is the occupancy certificate. Majority of owners in India occupy properties without any occupancy permit, especially in builder-led projects. The overlook can turn into a hefty penalty and further jeopardising the legal status of your dream home. The certificate is of utmost importance as it seals the legal status of your property and protects your ownership rights. What Is An Occupancy Certificate (OC)? It is an essential document certifying the construction of the building and that it complies with the local laws and is ready to be occupied. It is the responsibility of the developer to seek permission ...