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Home / Legal / Meda greens' RERA has expired and it has no OC. Will it be safe to buy an apartment here?
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Meda greens' RERA has expired and it has no OC. Will it be safe to buy an apartment here?

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0 2024-03-26T14:16:41+00:00
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It is risk and illegal to stay without OC. It is bbmp byelaw 5.7 violation. If you are staying without OC , then concerned authority bbmp can do inspection and resident can be fined upto 10,000 Rs or more. More over it is not advised to stay without OC. Also it was heard there was fire explosion  in  Meda greens ,few flats got damaged due to fire incident some 3 months back. Without OC, there wont be coverage for these type of damages. Reach out to builder immediately and ask to provide OC.

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2 2023-03-23T18:03:55+00:00
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Hi there,

As far as I know, RERA's primary goals are to safeguard purchasers of homes that are still under construction, to guarantee prompt and accurate apartment delivery, and to ensure that all legal procedures have been followed up until the property is handed to the purchaser. Once OC is secured, RERA is no longer applicable to the flat. A check is made by OC to make sure all legal procedures have been followed. So, you may move forward with the apartments that gained OC.

But if Meda Greens has no OC then keep in mind that without OC, the structure could be destroyed at any point. Basic sanitary facilities can be taken away. You may receive an eviction notice from the government. Regularisation may be permitted if the builder pays the fine, but suppose the buyer, or owner, ends up paying the fine. In that situation, you would suffer. Banks and other financial organisations may occasionally refuse to lend money for properties without OC. Additionally, no sensible buyer would ever agree to buy such a home in the first place.

Likewise, if your property lacks OC, there won't be any value when you sell it.

I think now you can make your decision more clearly.

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Meda greens' RERA has expired and it has no OC. Will it be safe to buy an apartment here? Is staying in Meda Greens without an OC for one year legal?
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