Why an OC is Mandatory for this Specific Project
- Apartment complex rules: While recent government exemptions may apply to small, independent houses on plots up to 1,200 sq. ft. (G+2 or stilt+3 floors), these exemptions generally do not cover large apartment complexes. Confident Atik has multiple towers and units, so standard municipal laws requiring an OC apply.
- Panchayat vs. Municipal area: Even if the land was originally under a Gram Panchayat, apartment projects often need sanctions from higher authorities like the BDA (Bangalore Development Authority) or have to adhere to the rules that align with municipal corporation areas, especially when dealing with a large number of units.
- RERA Compliance: If the project is registered under RERA (Real Estate (Regulation and Development) Act), an OC is a mandatory requirement from the builder before handing over possession.
- Project Size: The project area for Confident Atik is 2 acres with 576 units, which is far beyond the small plot size exemptions.
- Illegality: Occupying a building without an OC is illegal, and authorities can issue eviction notices or even order demolition in cases of major violations.
- Utility Connections: Essential amenities like permanent water, electricity, and sanitary connections can be difficult to obtain or may even be disconnected without an OC.
- Resale Value and Loans: Properties without OCs have significantly less appreciation, poor resale value, and nationalized banks are generally reluctant to provide home loans for such properties.
- A-Khata Issuance: An A-Khata, which is crucial for clear property ownership records and further transactions, will not be issued without a valid OC.