SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Bhubaneswar: BMC launches drive to raise awareness on Completion and Occupancy Certificates

#Law & Policy#India#Odisha
Synopsis

In response to rising homebuyer complaints, the Bhubaneswar Municipal Corporation (BMC) has launched an awareness campaign highlighting the importance of Completion Certificates (CCs) and Occupancy Certificates (OCs) in housing projects. These documents are essential for accessing basic services like water, electricity, and sewerage. BMC officials noted that many developers hand over properties without securing the required approvals, leaving residents without essential amenities. The campaign aims to educate buyers on the legal and safety implications of missing certifications. This initiative aligns with RERA's intent to enforce accountability in real estate, reinforcing BMC's push for better compliance and buyer protection.

In a bid to address a growing number of grievances from homebuyers, the Bhubaneswar Municipal Corporation (BMC) initiated an awareness campaign earlier this week, focusing on the importance of Completion Certificates (CCs) and Occupancy Certificates (OCs) for housing projects. The civic body aims to sensitise citizens about the legal and practical significance of these documents, which are mandatory for availing basic services such as water supply, sewerage, and electricity connections.


According to BMC officials, several property developers have been handing over housing units to buyers without obtaining the requisite CCs and OCs. As a result, many homeowners have found themselves unable to access essential civic amenities.

The two focal documents of the campaign-Completion Certificate and Occupancy Certificate-are issued at different stages of a housing project. The CC is provided by an authorised architect or engineer certifying that the construction has been completed as per the approved plan. The OC, on the other hand, is issued by the competent authority after verifying that the building is safe for occupancy and complies with all civic and safety norms. The absence of these documents can severely impact homeowners.

Historically, the issue of developers neglecting mandatory certifications has plagued several housing markets across India. In many cities, residents have been left without access to utilities for years, simply because buildings lacked OCs. The Real Estate (Regulation and Development) Act, 2016 (RERA) was enacted to combat such practices, but enforcement has varied across regions. BMC's latest drive appears to be an attempt to align the local housing market with national regulatory expectations.

Discussion

Have something to say? Post your comment