Purchasing a flat
Anamika
(Querist) 27 June 2012
This query is : Resolved
Hi,
In cases of most of the flats that I have seen in Thane, uptill now,buildings that are old (around 20-25 years) do not possess Occupation Certificate. That is something that takes me aback from investing in such flats.
It was told to me by many that in the old times there wasnt a concept of OC and that it does not make the title illegal.....
I am confused coz I need to fix the deal in two days and I do not know whether it is advisable to proceed with it in spite of no OC.....
Also please tell me
1. What exactly is OC ????
2.Is it a very imp document in purchase and sale of flat ?? Is bank Loan available without OC ?
3. Is it advisable to deal in such a property that does not have OC ???
4. How can we get the details / record from the TMC related to the particular building ???
5. the pro's and cons of OC
Please revert at the earliest as it is urgent.
Thanx,
Anamika.
ajay sethi
(Expert) 27 June 2012
occupation certificate is proof that all legal requirement ladi down by muncipal corporation have been met.
no bank loan is given unless your society has OC .
advisable not to buy property which does not have OC
