Delays in handing over the possession of flats has become a rampant practice in the Indian real estate industry, due to which numerous innocent home buyers are being penalised. With developers indulging in the delay tactics in handing over possession of flats, home buyers are not only left in the lurch, but are also being forced to pay ‘equated monthly instalments’ (“EMIs”) on home loans. However, over the years various forums have come to the rescue of the flat buyers.Continue Reading Relief to Affected Home Buyers For Delay In Possession

Shalini Singh
Associate in the Real Estate Practice at the Mumbai office of Cyril Amarchand Mangaldas. Shalini experiences in handling property/land related transaction. She can be reached at shalini.singh@cyrilshroff.com
No Occupancy Certificate: No Maintenance Charges
An Occupancy Certificate (“OC”) is a document that is issued by a local government agency or planning authority, upon completion of construction of a new project. The certificate is proof that the project has been built, by adhering to applicable building codes, relevant regulations, and laws. It is the responsibility of the developer to obtain an occupancy certificate once the project has been completed. The certificate is an indication that the building is suitable for occupancy.Continue Reading No Occupancy Certificate: No Maintenance Charges