What does OC mean in building?
Occupancy Certificate
Occupancy Certificate. An OC certifies that the construction of the building has complied with the approved plans. It is issued by local municipal authorities or the building proposal department once the building has been completed and is ready to be occupied.
Is OC required for apartment?
Presently, OC is not mandatory for registering the sale of flats in Bangalore. However, the khata for the flat will not be issued unless the building has the OC. The flat also cannot be sold without the OC. Despite there being a law, why are people allowed to occupy buildings without OC?
How do you get OC in an apartment?
To obtain an OC, the following documents need to be submitted by the developer:
- Copy of sanction plan.
- Building Commencement Certificate.
- Copy of Completion Certificate.
- Property Tax receipts.
- NOCs from pollution board or Airport Authority (depending on applicability)
What is the full name of OC?
OC Full Form
| Full Form | Category | Term |
|---|---|---|
| Office in Charge | General | OC |
| Organic Carbon | Chemistry | OC |
| Operation Channel | Computer and Networking | OC |
| Operator Cutoff | Telecommunication | OC |
Can I sell apartment without OC?
1. Yes, you can sell off the flat even in absence of OC as long as the buyer is willing to buy this . 2 Loses will have to be set off. 3 Property can be sold though the municipal taxes are in arrears.
Can we stay without OC?
1. Without a valid OC, your occupancy is illegal as it can be classified as an unauthorised structure by the authorities. 2. OC is crucial while applying for a home loan or loan to purchase a resale flat.
Can we form society without OC?
Obtaining an OC is a requirement under the Karnataka Apartment Ownership Act, 1972. The law says one cannot legally move into a building unless the developer gets an occupancy certificate from the BBMP or BDA.
Is it OK to buy a flat without OC?
Without a valid OC, your occupancy is illegal as it can be classified as an unauthorised structure by the authorities. 2. OC is crucial while applying for a home loan or loan to purchase a resale flat. You cannot even sell your property without a valid OC in hand.