What are the important things You Need to Know About the Occupancy Certificate ?

While looking at the real-estate section for flats for sale in Bangalore electronic city , you must have come across the term OC Obtained Projects in Electronic City. So, what are these OC Obtained Projects and what is their significance? An OC obtained project is a property that has been awarded an occupancy certificate by the local authorities. The occupancy certificate is issued after the completion of the building and is an indicator that the property has been built as per the government norms and local laws and that it is ready to be occupied. This certificate is what secures the legal status of your property and safeguards your ownership rights. It might be startling to know but a vast majority of the residential apartments in Bangalore have been occupied by the residents without an occupancy certificate due to which they are facing several legal hurdles. Complications of buying without an OC Without an OC, the local authorities can initiate action against you an...