The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has directed authorities to stop issuing temporary completion certificates (C.C.) or occupancy certificates (O.C.) as they are not allowed under current laws.
UP-RERA has also required all industrial and housing development authorities to clearly specify the names of the towers or blocks for which a part-C.C. or O.C. is issued. They must list the names of all towers or blocks within the project or project phase.
The authority noticed that some part-C.C. or O.C. documents did not match the project details provided by promoters during RERA registration or in sale agreements with homebuyers.
Sanjay Bhoosreddy, Chairman of UP-RERA, stated, ‘It has come to our attention that the names of completed towers, blocks, or units listed in part-C.C.s or O.C.s issued by some planning authorities do not match the names given by promoters to UP-RERA at registration. This discrepancy creates doubts among homebuyers and the regulatory authority. With due diligence at the planning authorities’ level, this issue can be easily resolved.’
These mismatched certificates cause homebuyers to question the completion status of their units or towers when executing conveyance deeds and taking possession. To avoid these issues, UP-RERA advised planning authorities to obtain the marketing names of the project, its towers, and blocks, along with the number of units from the promoter. This information should be included in the application for map sanctioning and when granting completion or occupancy certificates. This approach aims to eliminate any doubts regarding the project’s or its towers’ and blocks’ completion status.
Navigating the complexities of real estate regulations can be challenging for both developers and homebuyers. With UP-RERA’s new directives aimed at enhancing transparency and accuracy in documentation, it’s crucial to stay compliant and informed.
Vakilsearch offers expert legal services to help you adhere to these updated guidelines seamlessly. Whether you’re a developer needing assistance with proper documentation or a homebuyer seeking clarity and protection, our experienced team is here to support you.
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