Buying a home requires you to consider several aspects. One of them is to look for Occupancy and Completion Certificates. These two documents are essential in real estate to prove legitimately of the project you’re investing in.
An Occupancy or OC certificate highlights the safety and regulatory of the project. It confirms whether the project is ready for inhabitance. On the other hand, Completion Certificate or CC confirms that the building is structurally sound. It fulfills all the construction-related formalities, such as common areas, non-habitable structures and amenities.
What does an Occupancy Certificate do?
Occupancy certificate helps in many ways. Here is what it does and how it helps.
1. Validates compliance with building regulations:
The occupancy certificate ensures that the project fulfils safety requirements including structural, plumbing, fire safety, and electrical regulations to avert accidents.
2. Validates occupational safety of residents:
Occupancy safety ensure that the building has safety measures in place. These include the installation of sprinkler systems, fire alarms, ventilations, and fire exists.
3. Works as a legal requirement:
Before moving into a newly constructed residential project, it is legally necessary to get an OC. It legally supports the owner and helps avert unauthorised occupancy of the building.
4. Helps get municipal services & utilities:
Municipal authorities provide electricity, water, and sewage facilities based on OC certificate.
What does a Completion Certificate do?
1. Verifies the completion process:
The completion certificate validates everything related to construction. It verifies whether utilities, structural works, and amenities are as per the approved plan.
2. Check legal compliance:
Getting a completion certificate ensures that the real estate project satisfies all applicable rules, regulations, laws, and codes. These include environmental standards, zoning restrictions, and safety parameters.
3. Signifies handover & possession:
The completion certificate indicates that the property is ready for handover and possession.
4. Validates warranty & maintenance period:
The completion certificate works as an essential document to claim for potential defects or issues arising in the same period. This gives owners an upper hand in claiming required repairs or modifications from the builder.
5. Influences resale & valuation:
CC enables buyers to validate the project completion and check whether it’s compliant with laws. This influences the buying decisions and offers a smooth transaction.
Conclusion
Both occupancy and completion certificates are necessary when buying a residential flat in Lucknow and other parts of India. These certificates validate legality, safety, compliance, and habitability to ensure the project is a good investment for the buyer.
If you’re planning to buy a property, ensure to get these certificates from the builder to be on the safer side.
