Legal Question in Real Estate Law in India
Occupation Certificate
I have purchased a flat in Navi Mumbai. The building is ready and the builder is ready to give possession but still Occupancy Certificate is not obtained. Should I take possession or wait till the builder obtains Occupancy Certificate. I mean what are the advantages and disadvantages in taking possession without OC. I do not intend to use immediately.
2 Answers from Attorneys
Re: Occupation Certificate
The Builder is supposed to to the get the Project Completion Certificate/Report from the Municipal Corporation and then he can release the possesion to the Purchasers of the property.
Re: Occupation Certificate
Under Maharashtra Ownership Flats Act, 1963, the Builder is obliged to first obtain Occupancy or Completion Certificate from the Municipality and then deliver possession to flat purchaser.
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