RERA: Gurgaon & Noida Home Buyers bothered over CC to OC

There is a big difference between the Completion Certificate and Occupation Certificate, people booked flats in condominiums like Gurgaon and Noida CC to OC is bothering the buyers.

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RERA: Gurgaon & Noida Home Buyers bothered over CC to OC

Both Haryana and Uttar Pradesh have changed the central RERA from CC to OC. Occupancy Certificate (OC) and Completion Certificate (CC), are two words that have always been a part of the real estate vocabulary, and now they have become a keywords in deciding who RERA benefits most.

Housing projects completed and delivered in Gurugram have Occupancy Certificate (OC), but not Completion Certificate (CC). Since there is a big difference between the two, people booked flats in condominiums like Gurgaon and Noida CC to OC is bothering the buyers.

As the central RERA or Real Estate (Regulation & Development) Act which was rolled out on May 1, stated that housing projects that have received a CC before would not come under the RERA purview. But both Haryana and Uttar Pradesh have changed it to OC.

Buyers are calling it a big dilution of the law but, according to government officials this is given as per the situation in Gurgaon where no housing project has received a CC and there was no other way.

Getting an OC is far more easier than receiving a CC. Basis for granting an OC is the building plan, unavailability of a government power connection or sewage treatment facilities do not come in the way of OC.

CC is only granted after all licence commitments are fulfilled by a developer and after completion of all amenities and formation of an RWA, only one CC is issued for a project. But on the other hand , several OCs can be issued, which are also described as part-completion.

For an OC, a particular tower ar block needs to be constructed according to the building plan, should have a lift, electricity and a no-objection certificate from the fire department.

Department of town and country planning has issued 1,042 licences in Gurgaon since 1981, of which 652 were between 2008 and 2014. In addition, 41 licences have been issued for affordable housing. There are an estimated 1.7 lakh units in Gurgaon (flats/houses) that can be classified as ‘ongoing’ but 90% of them will not come under Rera’s purview.

Source Link- http://realty.economictimes.indiatimes.com/news/regulatory/rera-why-change-from-cc-to-oc-is-bothering-gurugram-noida-buyers/59787197

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