- What are the specific consequences of selling a flat without an OC? Are there fines, penalties, or even potential demolition of the property?
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It is illegal to sell a flat without an Occupancy Certificate (OC)
. The OC is a document issued by the local government agencies or planning authorities after the completion of a project. It shows that the structure complies with all the requisite building codes and laws, and that it is suitable for occupancy by buyers. Without a valid OC, your occupancy is illegal as it can be classified as an unauthorized structure by the authorities.
Moreover, OC is crucial while applying for a home loan or loan to purchase a resale flat. You cannot even sell your property without a valid OC in hand.
Check out NoBroker Legal services to verify property title, draft sale agreement, deeds, property registration and moreYour Feedback Matters! How was this Answer?
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Want to sell my flat without an OC certificate. How is it possible?
Rahul Mishra
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2 Year
2023-12-13T10:12:54+00:00 2023-12-13T10:16:02+00:00Comment
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