- 1 What does OC stand for?
- 2 What is meant by OC and CC in property?
- 3 What is difference between OC and CC?
- 4 How do you find the OC of a building?
- 5 What is a main OC?
- 6 What is cleanliness OC?
- 7 Is it OK to buy a flat without OC?
- 8 Why is OC needed?
- 9 Can we take possession without OC?
- 10 What is CC and OC certificate?
- 11 What is OC approval?
- 12 Is OC required for home loan?
- 13 Can builder ask for maintenance without OC?
- 14 When can a builder apply for OC?
- 15 How do I check my OC building online?
What does OC stand for?
|OC||Orange County (California; New York)|
|OC||Over Clock (computer CPU)|
|OC||Orange County (TV show)|
What is meant by OC and CC in property?
When you decide to buy a home, it is a sine-qua-non that all the documents and necessary approvals are in place. Lack of essential documents and clearances, especially Occupancy Certificate (OC) and Completion Certificate (CC), can land you in trouble and can even cost you your home.
What is difference between OC and CC?
The OC is issued only once the building has been completed in all respects and can be occupied. So, the main difference between Completion certificate & Occupancy Certificate is that CC shows that the building construction is done as per the plan which was approved by the concerned authorities.
How do you find the OC of a building?
How can a buyer check when his OC comes? The status of the project or related documents can be accessed on the web portal of the concerned RERA, if the project is registered under the Act. RERA mandates that all builders update the developments in the project on a regular basis.
What is a main OC?
An OC stands for “Original Character.” DeviantArt even calls some fan-based characters “original characters,” even though they are not “original.” For example, he/she could be based off Nintendo, but has modifications to make it your own distinctive art.
What is cleanliness OC?
1/2. Obsessive-compulsive disorder: A psychiatric disorder characterized by obsessive thoughts and compulsive actions, such as cleaning, checking, counting, or hoarding.
Is it OK to buy a flat without OC?
If the building has been built as per the sanctioned plan, and fulfils the other legal requirements, the authority is supposed to issue the OC within 30 days. It is illegal for the builder to hand over the flats to the buyers without receiving the OC. It is illegal for the flats to be occupied / rented without the OC.
Why is OC needed?
What is the importance of an occupancy certificate? The certificate is an indication that the building is suitable for occupancy. An OC is required, when applying for water, sanitation and electricity connections. For home owners, an OC is necessary to cement the legal status of the property they own.
Can we take possession without OC?
The Possession Letter is issued by the developer in favour of the buyer, stating the date of possession of the property. The original copy of this document needs to be produced for securing a home loan. A Possession Letter alone would not suffice for legal possession of the property, unless the OC has been obtained.
What is CC and OC certificate?
CC is completion certificate and OC occupying certificate. The OC is issued only once the building has been completed in all respects and can be occupied.
What is OC approval?
The Occupation Certificate (OC) authorises the occupation and use of a new building or building section. For staged works, an Interim OC may be issued which allows you to occupy the completed part of the building. The design and construction of the building is not inconsistent with the development consent.
Is OC required for home loan?
Scenario 1: OC is not required when you apply for a home loan for a property that is under construction. He applied for a home loan, which was approved as the property was under construction. Scenario 2: In the case of a newly constructed property, the builder has around 12 to 18 months to obtain an OC.
Can builder ask for maintenance without OC?
Builder can‘t legally offer possession without obtaining OC and CC. Since, maintenance can be levied from you only once you are legally handed over the possession, the builder not having obtained OC and CC, you are not mandated to pay maintenance and any demand seeking payment there of is illegal.
When can a builder apply for OC?
Ideally, a builder should submit the OC application with the Municipal Corporation within 30 days of completion of the project. However, buildings that have certain design deviations and have flouted the approved building plans are not eligible for occupancy certificate.
How do I check my OC building online?
Step 1: Revisit the official portal and click on “Application status” which is present on the homepage. Step 2: Click on “Full occupancy” option from the listed out the menu. Step 3: Enter your application number and click on the “Search” icon to know the status of your application.