More On Common Regulatory Approvals in Real Estate by litiexpert – Real Estate Lawyer in Bangalore
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1) Occupancy Certificate (OC)
a) Purpose: Certifies that the building is fit for occupation and has complied with all regulations.
b) Issuing Authority: BBMP or local authority.
2) Encumbrance Certificate (EC)
a) Purpose: Verifies that the property is free from financial or legal liabilities.
b) Issuing Authority: Sub-Registrar’s office.
3) No Objection Certificates (NOCs):
NOCs may be required from various departments, including: Fire Safety Department, Pollution Control Board, Electricity and Water Supply Departments.
4) RERA Registration
a) Purpose: Mandatory for real estate projects to ensure transparency and accountability under the Real Estate (Regulation and Development) Act, 2016.
b) Issuing Authority: Karnataka RERA Authority.
5) Khata Certificate and Extract
a) Purpose: Proof of property registration in the municipal records for tax purposes.
b) Issuing Authority: BBMP or local panchayat office.
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