Wednesday, November 20, 2019

To register under RERA project has OC (Occupancy Certificate) but no CC (Completion Certificate)

All residential projects and estate agents will also have to be registered with the regulatory authorities by 31 July. Each state and union territory will have its own regulatory authority which will implement rules and regulations as per the Act. The real estate sector got its regulatory RERA from May 1, 2017 and became functional across the country. But in fact, not all state governments have actually notified the rules in their state and many have weakened certain provisions of the law. 



A total of 14 states and union territories have notified the rules so far, while another 14 are in the advanced stage of notifying it. States have given a further 3 month grace period from May 1, 2017, to notify their respective RERA regulations and form a regulator.

But still, there are a lot of ideas on its applicability and scope. One such aspect is the absence of compulsory business certificates and completion certificates.

As per RERA rules, all ongoing, as well as under construction projects which have not yet received completion certificates, will have to register with their respective regulatory authorities by 31 July 2017. All projects will come with a minimum plots size of 500 sq meter or under the limit of 8 apartments act. The Act completes projects within the scope of the Act.

Now a question comes in our mind that what if a project has not got the Occupation Certificate but the Completion Certificate?

All such projects which are ongoing and under construction, for which the completion certificate has not been issued, the builder / developer shall make an application to the authorities within 31 July from the date of commencement of this Act.

All units are required to obtain a completion certificate before 31 July, even if the housing society is 100% occupied and all units are sold. The completion certificate is a legal document proving that the construction and safety of the new building has been completed in accordance with the rules and regulations.

In section 3 (1) of the RERA Act, which explicitly states that no developer should sell their units after May without obtaining RERA registration, a project completion certificate may be material completion but a project of society The Housing Welfare Association does not meet until the formation and operation is handed over to the society as per RERA. 


Therefore, now buyers in such projects have a much clearer picture of when they can expect possession, and what their legal recourse will be if the developer fails to deliver the project on time. This also applies to the facilities and facilities mentioned in the sale deed, from which there can be no deviation unless all buyers of the project agrees to such changes.

We offer a wide array of properties such as flats, apartments, houses, villas and penthouses to name a few. You can easily find whatever you are looking for with the aid of enough number of sections and sub-categories. Even a search box is also designed where you can type the right keyword to find the property type you are searching for SuGanta Realty Services llp.



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