Is OC required for 3 year old flay
2 years ago
There are 10 flats in an apartment and none of them have occupancy certificate and are occupied past 3 years. Is it advisable to buy the flat without OC.
Please suggest
A.Dear Sir,
Without having OC creates problem at any point of time. Better get substantial concession in purchasing price otherwise insist for OC.
Without having OC creates problem at any point of time. Better get substantial concession in purchasing price otherwise insist for OC.
Helpful
Helpful
Share
A.Dear Client,
There are few reasons which states that it is not advisable to buy a flat/any property without OC. Some of them have been stated below:
If building has no OC it would imply building had not been constructed as per sanctioned plans
Muncipal corporation can demolish unauthorised construction
Banks are reluctant to give loans to flats in buildings which don't have OC
You will not get a good price for the property if it does not have the OC certificate.
Hope this clarifies your query and requirement.
Thank you.
There are few reasons which states that it is not advisable to buy a flat/any property without OC. Some of them have been stated below:
If building has no OC it would imply building had not been constructed as per sanctioned plans
Muncipal corporation can demolish unauthorised construction
Banks are reluctant to give loans to flats in buildings which don't have OC
You will not get a good price for the property if it does not have the OC certificate.
Hope this clarifies your query and requirement.
Thank you.
Helpful
Helpful
Share
A.Dear Client
Depending upon location and jurisdiction of the flats the respective municipality might penalize if the OC is not in place hence it is suggested that you seek more clarity on the OC from the other buyers and the local municipality.
Depending upon location and jurisdiction of the flats the respective municipality might penalize if the OC is not in place hence it is suggested that you seek more clarity on the OC from the other buyers and the local municipality.
Helpful
Helpful
Share
Anonymous
Replied 2 years ago
Hi Sir,
Can the resale flat be purchased without OC?
Abhimanyu Shandilya
Replied 2 years ago
You can if the buyer is ready to go ahead
Read Related Answers
Path to reach home
Dear Client,
you can send a legal notice to the party for criminal trespass of the land and you can also file a police complaint criminal intimidation Or file a civil case against him and get an orde...
Neighbour Water leakage
Dear Sir,
How to File a Harassment Complaint Against a Neighbour
Is Calling Police an Option?
Yes, calling a police if your neighbor harasses you is an option to go with. You have the option to call t...
NOC FROM OTHER FLOOR OWNERS
Dear Client,
Whether you need a No Objection Certificate (NOC) from other floor owners before selling your floor in a building depends on local regulations and building bylaws. It's advisable to con...
Property dispute
Dear Client,
A person who acquires a property through gift is considered his/her self-acquired property and the owner of the property has an unfettered right to dispose of the said property as per hi...
Property Dispute.
Dear Sir,
You may file simple suit for partition and seek accounts of income received from such land and claim your share in liquidated mense profits.
Read Blogs on Property
Property Lawyers
Find Lawyers by Location
