Home-buyers to benefit as Noida speeds up occupation certificates
The Noida Authority is all set to issue occupation certificates (OC) to eight residential buildings in next one month benefiting around 10,000 home-buyers.noida Updated: Apr 29, 2016 14:18 IST
The Noida authority is all set to issue occupation certificates (OC) to eight residential projects in a month benefiting around 10,000 home-buyers.
The authority team is also checking papers of around 10 more projects to issue occupation certificate subject to builders furnishing mandatory documents.
“We will issue OC to these eight residential towers within a month because the process of doing it is in advanced stage. We want home-buyers should not suffer at all now. We are expediting the process but the respective builders will have to furnish all required documents at the earliest,” said SC Gaur chief architect and town planner of the Noida authority.
Issuance of occupation certificate is an important step as it enables a builder to offer possession of housing unit to a buyer and also execute property registration.
Without an occupation Certificate, a builder can neither offer possession to the buyer nor execute property registration of a housing unit.
As per Noida’s building by-laws occupancy certificate, which is also called completion certificate, is issued after detailed investigation by the planning department. A buyer can shift to his dwelling unit and also execute registry only after OC. The Noida authority also issues temporary occupation certificate (TOC) to a building for a certain period with some riders. But with TOC a buyer can take possession of dwelling unit for limited time, but cannot execute registry a means to transfer property title.
Because of delay in getting OC, around one lakh home-buyers in different residential projects in Noida are suffering. The buyers are also staring at a hike of property registration fee in Noida and Greater Noida.
On March 2 the Uttar Pradesh government in a cabinet decision increased the property registration fee from existing 5 per cent of total property cost to 7 per cent in Noida and Greater noida bringing it on par with other districts of Uttar Pradesh. However, the hike will be effective only when the UP Governor issues a notification which is yet to happen.
“We have expedited the process of issuing occupation certificate to a building, which is ready and has obtained all necessary permissions,” said Gaur.
The eight projects to get Occupation Certificates, provided the respective builders furnish required documents, are Exotica Fresco and Paramount Floraville in sector 137, Paras Seasons in sector 168, Gulshan Ikebana in sector 143, Prateek Stylome in sector 45, Sunshine Helios in sector 78, Antriksh Golf View sector 78 and phase I of Logix Blossom County in sector 137.
According to the Noida authority, once a building’s civil work is ready, a builder has to obtain clearances from fire department, develop required civic facilities before applying for OC.
“Once the application of the builder is with us for OC. We check all necessary documents. We also issue a public notice in newspapers inviting objections from buyers. We address buyers’ objections if there is any and issue OC,” said Gaur.
Earlier, the authority was taking 2-3 months in issuing OC. But under-pressure from the home-buyers, who are staging protests for delay in residential projects, the authority is issuing the same in 1 month. Also, the authority has formed two teams to carry out inspections at the site, where work by the builder is slow.
“The authority should ensure other builders also complete paper work and construction work to be eligible for OC,” said Shashank Mishra a buyer.