Understanding Occupancy Certificates for Property Investors
UNDERSTANDING OCCUPANCY CERTIFICATES: ESSENTIAL INFORMATION FOR BANGALORE PROPERTY INVESTORS Occupancy Certificates for Property Investors If you’re planning to invest in a property in bangalore , it’s essential to understand the significance of an Occupancy Certificate (OC). In this blog post, we’ll explore the critical aspects of Occupancy Certificates and why they are crucial for property investors in Bangalore. What is an Occupancy Certificate (OC)? An Occupancy Certificate, commonly known as an OC, is an official document issued by local municipal authorities, such as the Bruhat Bengaluru Mahanagara Palike (BBMP) in Bangalore. It serves as proof that the property has been constructed according to the approved building plans and complies with the necessary regulations and safety standards. In simpler terms, it indicates that the property is ready to be occupied. How to Get an Occupancy Certificate in Bangalore The responsibility of applying for an OC lies with the property ow...