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Q. Buying apartment

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Anonymous

posted 3 weeks ago

Q.Buying apartment
Is it fine to buy apartments without oc and cc certificate

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Rameshwar Dadhe

Experience: 2 Year(s)

Responded 3 weeks ago

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A. ) Before it go to the nearest any lawyer and take search of concern property if tittle clear then go ahead . On your own risk

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Shreyash Mohta

Experience: 1 Year(s)

Responded 3 weeks ago

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A. ) No.
It is not advisable to purchase a flat without OC and CC.
However if you want to purchase it go ahead but do a full throttle property search before that.

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Dhrubaraj

Experience: 4 Year(s)

Responded 3 weeks ago

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A. ) Documents check list for purchasing a property:
1) Tittle clearance certificate from the seller .
2)Latest tax paid receipt.
3) If any loan outstanding on the property, latest statement from bank.
4) Encumbrance certificate.
5) Land Registration Certificate
6) Occupancy certificate
7) Copy Of Building Plan
8)Completion certificate
So in my opinion hire an advocate in your local area for searching the property before purchase.

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Kishan Dutt Kalaskar Retired Judge

Experience: 33 Year(s)

Responded 3 weeks ago

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A. ) Dear Sir,
The scenario is as follows.

You may purchase it, because of following reasons, there will be no risk. Believe me.
According to reliable sources, about 10,000 residential buildings in the city, after the Karnataka government introduced the Transfer of Development Rights (TDR) in 2005, do not have OCs. Among these, 50 per cent are apartments. Another alarming fact is that only 97 high-rise buildings have obtained OCs between 2009 and 2014. As per this statistic, hundreds of buildings in the city are being occupied without being issued an OC. However, what is startling is that most of this is done with the knowledge of the BBMP which collects property tax from such property owners inspite of them not possessing an OC. This amounts to a direct violation of Section 5.7 of the Bangalore Municipal Building Bye-law of 2003.
Living in a flat without occupancy certificate? You may lose power
BENGALURU: Rajini Chengappa, 58, and husband Vivek, 65, bought a flat in Kodigehalli, off Hebbal, in 2012. They moved into the sixth-floor flat a year later.
The builder, Vivek says, had promised them an occupancy certificate (OC), but it has remained a promise. The Chengappas are not alone in their plight. Thousands of homeowners are facing a similar quandary. Nearly 10,000 buildings in Bengaluru, including 50% of apartments built after the Karnataka government introduced transfer of development rights (TDR) in the city in 2005, do not have OCs, say official sources.

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