Wednesday, December 1, 2010

Spurt in applications seeking Occupancy Certificate

HYDERABAD: There is a spurt in applications seeking occupancy certificate (OC). As many as 183 building owners/builders have obtained OC from the Greater Hyderabad Municipal Corporation (GHMC) so far this year. On the contrary, only 10 OCs were issued last year. Prior to that only two builders had taken OC from the GHMC.

Four years after the mortgage rule came into force for building permissions and occupancy certificate made mandatory for release of mortgaged portion with the GHMC, builders/owners are queuing up before the corporation for getting their mortgaged portion released.

In 2010, 322 builders have applied for OC after completing buildings, while 183 buildings were inspected and issued certificates. Another 107 applications were rejected and 12 builders were asked to provide some information. Interestingly, 86 buildings got OC in West Zone, which comprises areas like Kukatpally, Serilingampally 1 & 2 and Qutubullapur.

"Most buildings which were permitted after 2007 are getting completed now and applying for OC for release of the mortgaged portion. The other reason is any building permitted has to be completed within three years," as told by GHMC additional commissioner (Planning) K Rajendra Prasad.more


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