There are a number of homebuyers who take the possession of the property even when the completion certificate has not been issued to the builder in respect of that property. But, should one really go ahead in such a case? The dilemma is not really worth it.

A Completion certificate is a legal document that attests the fact that a building has been constructed in line with construction norms. A completion certificate should include all the information about project – from the building height to quality of the material used. To summarize, a completion certification is an assurance that the building in which you are going to stay has not violated any norms. It is mandatory for all developers to show completion certificate to have water and electricity connection in the building.

It is not advisable to take possession of a new property that does not have a final completion certificate. Without a valid certificate, a project or a building is deemed to be illegal and can, therefore, invite penalties or even eviction from the property. In cases where the developer has not obtained the completion certificate yet, a buyer can approach the local municipal authorities individually, or form a residents’ welfare association (RWA), to ensure that the process is completed before they take possession of their properties.

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Qualification: CA in Practice
Company: Agrawal Gupta & Sahu (http://www.caags.net/)
Location: DELHI, New Delhi, IN
Member Since: 12 Jul 2017 | Total Posts: 14

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