Everything you need to know about Completion Certificate (CC) in Residential Building
A completion certificate (CC) refers to a legal document allocated to a housing project after it has been completed as per a sanctioned building plan. After evaluating the site and all the paperwork, the relevant authorities issue it.
It is important to issue this certificate because it promises potential buyers, lenders, tenants, and insurance firms that the residential building is safe, conforms to laws and can be insured/financed. A housing project is issued with this certification if it hasn’t breached any relevant building bylaws. If you want to buy the best property in Gurgaon, you must first know the key information about the completion certificate (CC).
When is a completion certificate (CC) required?
Usually, this certificate is required before a building can be rented or sold. This is because it assures potential buyers/tenants that the residential building to safe to occupy and obeys the applicable laws.
What information does a completion certificate (CC) provide?
The certificate presents all the details about a particular residential building. It includes details like the location and owner of the property, the building’s height, the land’s identification, information about the owner or developer, and the quality of the materials used.
It also denotes if the particular project has been constructed in agreement with the building plans and following the guidelines released by the local municipal authorities. Moreover, it shows that the building conforms to all construction criteria such as distance from the road, building height, and distance from other structures.
Importance of CC to builders:
The following points justify the significance of CC to builders and real estate companies in Gurgaon.
- Builders must get a completion certificate to legally validate their construction.
- Builders need to get this certificate before they provide the buyer possession.
- This certificate allows builders to provide necessities like electricity, water, drainage, etc.
How to obtain a completion certificate (CC)?
A builder can apply for a completion certificate after the project’s completion. After a developer submits the application form, the municipal authorities will inspect the building. A group of officials from the neighboring Municipal Corporation or local development authority would check the construction as per the schedule. After approval that the building has conformed to all applicable rules and regulations, the CC will be issued in 3–4 weeks. Contacting Laburnum Developers can provide thorough guidance on choosing a suitable real estate property.
Note: The inspection team may deliver a letter indicating directions for demolition in case they detect a serious breach of the rules. This team oversees a suitable penalty for minor violations.
Documents required:
The requisites for submitting applications for completion certificates vary by state. Each state has its unique set of laws. The following list shows the documents to be submitted:
- A filled-out application
- Copy of the building plan’s letter of approval
- Income from property taxes Certificate of structural safety or a letter from concerned technical staff members
- A letter of authorization (NOC) (if applicable) to install a lift
- NOC for the sewage systems and water supply
- A letter of authorization from the fire department (if applicable)
- A certificate of electricity supply
- An affidavit that accompanies the application for a provisional completion certificate
- Other applicable documents
Importance of CC to homebuyers:
Usually, a CC is considered to be exclusive to builders or developers. Many homebuyers overlook checking whether the builder has a CC or not. However, homebuyers should also have a completion certificate due to the following reasons. A CC proves to be useful if you want to sell a residential building in luxury projects in Gurgaon.
- CC guarantees that the homebuyer is not living in an unlicensed building.
- Homebuyers willing to get an occupation certificate should first get CC. It is a violation of the law if somebody lives in a building without a certificate of occupancy.
- It guarantees a reliable supply of electricity and water.
- Homebuyers can get the benefits of the property tax only after obtaining CC.
- With a CC, it becomes easy for a homebuyer to find a buyer for his/her property in the future.
- Homebuyers need CC to switch from non-domestic to domestic water rates
- A homebuyer may have to pay fines or face eviction from the property by the authorities in the absence of a CC
Conclusion:
Before renting or selling a residential building, a builder must ensure that it has acquired its completion certificate (CC). By submitting the required documents and following the relevant steps, they can easily get this certificate. Buying a suitable residential property is easy after contacting Laburnum Developers.