Occupacy certificate is issued individually or mutually ?
Answers
Answered by
1
The real estate (regulation and development) Act, 2016 (RERA) is set to become effective across all the states from 1 May 2017. This means every state has to establish a Regulatory Authority by that date. The Regulatory Authority will, however, have another three months to frame the rules and regulations.
In the meantime, several builders of ongoing projects, which are nearing completion, are busy arranging the occupancy certificate (OC) from their local authorities. A plausible reason could be that they may not wish their on-going project to fall under the purview of RERA.
Similar questions