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%

Bengaluru homeowners get occupancy certificate relief

#Law & Policy#Residential#India
Synopsis

The Karnataka government has exempted a large category of homeowners in Bengaluru from obtaining Occupancy Certificates (OCs), providing relief to thousands of residential property owners facing challenges in securing the mandatory document. The decision extends the OC exemption to houses built on plots measuring up to 2,400 sq ft within the Greater Bengaluru Authority (GBA) limits, subject to prescribed building parameters. Previously, the relaxation was available only for smaller plots of up to 1,200 sq ft. The move is expected to benefit owners of independent houses who have struggled with procedural delays and compliance issues linked to occupancy certification. The government said the measure is intended to simplify regulatory processes while easing access to civic services and property-related documentation for eligible residential buildings.

The Karnataka government has expanded the scope of occupancy certificate exemptions in Bengaluru, allowing owners of residential houses built on plots measuring up to 2,400 sq ft to occupy and utilise their properties without obtaining a mandatory Occupancy Certificate (OC). The decision, announced in the past week, extends a relaxation that had previously been available only for houses constructed on plots of up to 1,200 sq ft within the Greater Bengaluru Authority (GBA) jurisdiction. 
An Occupancy Certificate is typically issued by the local authority after verifying that a completed building complies with approved plans and is fit for habitation. The document is often required for securing utility connections, property transactions and other regulatory approvals. 
Under the revised framework, individual residential buildings on plots up to 2,400 sq ft will no longer be required to obtain an OC, provided they conform to the conditions specified by the government. The exemption applies primarily to standalone residential houses and is aimed at reducing procedural hurdles faced by homeowners seeking to regularise and occupy completed properties. 
The move follows an earlier policy introduced in Bengaluru that exempted houses built on 30x40 ft plots, equivalent to around 1,200 sq ft, from the OC requirement. That decision was viewed as a significant relief for owners of smaller residential properties, many of whom faced delays in obtaining occupancy approvals despite having completed construction. 
Government officials indicated that the expanded exemption is intended to address long-standing concerns raised by property owners regarding the complexity of obtaining occupancy certificates. The decision is also expected to benefit homeowners whose properties meet prescribed development norms but have encountered administrative challenges during the certification process. 
The policy comes amid broader discussions in Karnataka regarding occupancy and completion certificates, particularly in Bengaluru where thousands of residential properties have faced difficulties linked to documentation and compliance requirements. Industry stakeholders and homebuyer groups have previously sought greater clarity on certification norms and their application across various urban development laws. 
The relaxation is expected to provide relief to a substantial segment of Bengaluru’s independent housing market, especially in areas dominated by low-rise residential development. While the exemption removes the requirement for obtaining an occupancy certificate in eligible cases, homeowners will still be required to comply with applicable planning regulations, zoning provisions and other statutory building norms. 
The latest decision forms part of the Karnataka government’s wider efforts to simplify property-related approvals and address regulatory bottlenecks affecting homeowners across Bengaluru. 
Source - PTI

Discussion

Have something to say? Post your comment