Buying a property involves several documents, such as the completion certificate, the occupancy certificate and the possession certificate. Check out the details of a possession certificate, its importance, the documents required to apply for … READ FULL STORY
Real estate projects need several certificates, such as a no objection certificate (NOC), project commencement certificate and completion certificate (CC). One of them is the occupancy certificate or the OC, that is issued by the … READ FULL STORY
February 2, 2024: Maharashtra chief minister Eknath Shinde has ordered the City and Industrial Development Corporation (Cidco) to issue all the pending occupancy certificates (OC), conveyance and society formation no-objection certificate (NOCs) to all … READ FULL STORY
August 1, 2023: The Bombay High Court has directed the Vasai Virar City Municipal Corporation (VVCMC) to grant Occupancy Certificate (OC) to Ekta Parksville Homes, an integrated township project developed by Ekta World. The … READ FULL STORY
The Maharashtra Housing and Area Development Authority (Mhada) has been directed by the Bombay High Court on March 21, 2023 to provide occupancy certificate (OC) to the rehabilitation and free sale component buildings in the … READ FULL STORY
Following the directive of Bombay High Court, Maharashtra Housing and Area Development Authority (MHADA) on April 10, 2023 issues occupancy certificates (OC) to two realty projects developed as part of the Patra chawl redevelopment … READ FULL STORY
Update on March 12, 2019:Â The government of Maharashtra, on March 1, 2019, announced an amnesty scheme with respect to the penalty that can be levied for insufficient payment of stamp duty made in the … READ FULL STORY
With the implementation of the Real Estate (Regulation and Development) Act (RERA), the residential real estate industry is witnessing significant changes. The Act strictly prohibits builders from advertising their under-construction projects, while allowing the … READ FULL STORY
The Bombay High Court, on October 11, 2017, vacated its order prohibiting the Thane and Pune civic bodies from issuing occupancy and commencement certificates, to new constructions in some areas of the two cities, … READ FULL STORY
Things to check Builder’s experience The first and the most important thing to check while buying a house, is the builder’s construction experience. Generally, every reputed builder has a list of completed, ongoing … READ FULL STORY
The Indian real estate sector has been largely unregulated except for a few states like Maharashtra, Uttar Pradesh, Andhra Pradesh, Delhi and Karnataka. Any pro-consumer development was solely a result of judicial activism. This … READ FULL STORY
The initial euphoria generated after the notification of the Real Estate (Regulation & Development) Act (RERA), on May 1, 2016, is now waning, with increasing doubts over its effectiveness in protecting the consumers’ interests. … READ FULL STORY
Ashsih Gupte and his colleagues thought that they had taken the best decision of their lives four years ago, when they invested in a project in Ulwe. The developer told them that their investment … READ FULL STORY
