“OC” stands for “Occupancy Certificate”. It is an important document that is issued by the local municipal authority or the relevant government agency, after the completion of construction of a building.
The Occupancy Certificate serves as a proof that the construction has been completed as per the approved building plan and that the building is safe and suitable for occupation. It confirms that the building has been constructed in compliance with all the relevant laws and regulations, and that it meets the required safety standards.
The importance of OC lies in the fact that without this certificate, it is illegal to occupy or use a building for any purpose, including residential or commercial use. Hence, it is a crucial document that is required for various purposes such as obtaining a home loan, registering the property, or getting water and electricity connections.
Therefore, it is essential for property buyers to ensure that the property they are planning to buy has obtained an Occupancy Certificate before taking possession. Additionally, it is also important for property owners to ensure that they obtain the OC for their buildings, to avoid any legal or regulatory issues in the future.
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