Completion certificate V/S Occupation Certificate

Occupying a house without a completion certificate or occupation certificate is classified as an illegal activity as that house is considered as unauthorized structure by the authorities. For this reason only, when the RERA Act, 2016 was introduced and was not fully introduced till 1st May, 2017, the builders were in rush to get their Occupancy certificates so that the ongoing real estate projects do not come under the ambit of the RERA Act,2016 provisions.

The whole intent of the RERA Act, 2016 for its applicability is to protect the consumers through the construction period of the project. Therefore, once a project has the occupancy certificate the risk to the homebuyer decreases consequently.
Now, let us understand the difference between the two terms: Completion Certificate and Occupancy Certificate.

As per Section 2 (q) of the RERA Act, 2016, "completion certificate" means the completion certificate, or such other certificate, by whatever name called, issued by the competent authority certifying that the real estate project has been developed according to the sanctioned plan, layout plan, and specifications, as approved by the competent authority under the local laws.

As per Section 2 (zf) of the RERA Act, 2016, "occupancy certificate" means the occupancy certificate, or such other certificate by whatever name called, issued by the competent authority permitting occupation of any building, as provided under local laws, which has provision for civic infrastructure such as water, sanitation and electricity.

Basic differential points between the two:
1. If the building is constructed as per the building approval plan and also meets other building standards like distance from the road, the height of the building, etc. the local authorities shall issue the Completion Certificate.
2. After getting the completion certificate, the homebuyer/ builder can obtain the occupancy certificate from the concerned authorities.
3. Possessing Occupancy Certificate states that the building has complied with all the required building standards, local laws and it is safe to occupy. The legal possession of the flat by the owner becomes valid only with the occupancy certificate.
4. If all the things comply before getting the occupancy certificate like fire safety standards, building standards, holding completion certificate, one can get OC in 30 days.

Further, We are also professional real estate consultant having experience of more than decade & half and can assist in entire process related to PROPERTY IN INDIA and can be a complete one stop solution of above discussed various procedures and even assist in getting following services with our collaboration with very experienced legal advisers to conclude any such transaction smoothly.

OUR BROKERING SERVICES:

Real Estate Brokering and consulting services (Buy/Sell & Lease High ticket Properties in Pune, Panchgani, Mahabaleshwer, Lonavala, Mumbai & Goa cities of India.) 

We provide brokering consulting services in both Residential & Commercial properties.  

Residential includes Pune Properties - Pune Property, Flats in Pune, Residential Properties Pune, Pune Properties – Find Flats in Pune, Pune Property,Properties in Pune,

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UNDER-CONSTRUCTION PROJECTS

ASSITANCE IN PURCHASING UNDER-CONSTRUCTION RESIDENTIAL AND COMMERCIAL PROJECTS IN MUMBAI,PUNE, DELHI, NOIDA & OTHER MAJOR CITIES OF INDIA.

it requires extensive research and experience to choose best available option at the given time as opportunity always keep changing.  in this case, we can assist prospective buyer in 2 ways: 

Option 1) Pure consultancy on fixed fee basis: in this way, we will assist buyer to find best project and property as per his preferences & budget as buyer may already reached to builder & negotiating so we can not be paid by builder so in this case fixed fee will be charged to buyer in advance before giving the consultancy then buyer can directly approach to builder to finalize the property. 

Option 2)  We involved as a Brokering company: in this way, prospective buyer will visit through us to each project and we will be registered reprsentative with builder for buyer so in this case, buyer has to pay nothing for our same consultancy services which we were giving in above option 1, even we will refund fee which we receive from buyer for option 1.  

ADDITIONAL CONSULTANCY SERVICES:

• PREPARING REPORT OF ALL RESIDENTIAL / COMMERCIAL PROJECTS IN SPECIFIC LOCATION OF MUMBAI OR PUNE CITY & ADVISING/ASSISTING INDEPANDENTLY TO PURCHASE BEST PROJECT FOR ENDUSE OR INVESTMENT. 
• helping missing property documents index2, purchase/sale agreements in PUNE city only.
•  PAN card for any NRI / PIO without visiting India, 
•  Assistance in reducing TDS on sale of property legally (ENTIRE INDIA) 
•  Will & GIFT DEED (Mumbai, Pune & other major cities of Maharashtra state)

hope able to explain our point of view, still any query, please contact anytime on given contact number for detailed Discussion, cell no./whatsapp # +91-9822052388 / +91-7498829332, Email: deepaksundrani@thegururalty.com. 

There are many Advantages & Benefits to hire professional consultant which can be experienced only after hiring right person.

Rest assuring here that we work very ethically, honestly and professionally and for us, our client interest is utmost and foremost then anything else. We have already successfully assisted many NRI’s, EXPATS INVESTORS & LOCALITIES to purchase property in both Mumbai & Pune cities as per their requirements & preferences and most of them are with us to manage their properties through us only so one can judge the level of trust & integrity we have in our work & services.  

Thank you very much for reading my article as here intention is to share information and enhance knowledge for each & everyone for the betterment & provide more transparency in real estate sector.

wishing everyone good health and happyness.

Warm Regards,

Deepak Sundrani