Legal Question in Real Estate Law in India

Occupancy Cert in Mumbai

In a building thats nearly complete, I have paid an initial amount to confirm interest in a flat.

The registration is fixed for the 1st week of May by which time, the OC application will be made - but the OC will NOT have yet been granted.

The builder wants me to pay 90% at the time of registration and 10% upon OC receipt.

Am nervous about such a term.

What do you think ?


Asked on 4/16/09, 12:36 am

4 Answers from Attorneys
Shrichand Nahar S.V.Nahar, Advocate

Re: Occupancy Cert in Mumbai

Discuss with builder and find a way.

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Answered on 4/16/09, 12:40 am
Shrichand Nahar S.V.Nahar, Advocate

Re: Occupancy Cert in Mumbai

Discuss with builder and find a way.

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Answered on 4/16/09, 12:45 am
Homi Maratha N.N. Maratha & Co.-Advocates

Re: Occupancy Cert in Mumbai

I would advise you to discuss the same with the Builder.

You dont need a lawyers advice anyways.

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Answered on 4/17/09, 6:21 am
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: Occupancy Cert in Mumbai

It is a matter of mutual settlement. There is nothing to be nervous. You may negotiate the way you are comfortable.

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Answered on 4/16/09, 3:58 am


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