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Consequences on property resale due to partial OC by the builder
02-Jul-2023 (In Property Law)
Hi sir, around 2 years back i purchased flat in multistorey building on 11th floor,its a resale property bought from builder,construction is four years old,while purchasing property OC was not issued by Coropartion,builder assured us for the same even penalty clause is put in an aggrement to produce us with OC within 5 month, recently builder got the partial OC but only up to 9th Floor,what will be the consequences of the same on my property?what would be worst case scenario?
Whether the entire building construction is completed? If yes, then it is the responsibility of the builder to get the OC for the building, till then they cannot give possession. Around within 3 months os completion of construction builder has to get OC for the building. You can go to court and claim interest from the builder if there is a delay in construction and possession.
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11+
11+
Adv. Bankim Mehta
Mumbai | 200+ Answers
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You can ask him for OC by giving him notice as the time period is already passed and mark cc to all the relating govt. officials where your property is located.
The worse case may be the the building is not regularized and may be considered illegal by the authorities
You may file your complain against builder online on RERA site or may send him a legal notice first.
The worse case may be the the building is not regularized and may be considered illegal by the authorities
You may file your complain against builder online on RERA site or may send him a legal notice first.
Helpful?
15+
15+
Adv. Prerna Jain
Navi Mumbai | 100+ Answers
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