IOD means Intimation of Disapproval. This is issued by the office of the Municipal Corporation before the start of the work.
CC means Commencement Certificate. Municipal corporation on receipt of all the required documents & compliances made by the Builder/Developer issues the Work Commencement Certificate.
The Construction work done by the Builder/Developer without IOD & CC amounts to Illegal . and liable for demolition.
Built-up area is arrived by loading 20% on the Carpet Area.
Any area over and above the built-up area is called the super built-up area.
Floor Space Index is called FSI. This means how much construction is allowed on a particular land-based on FSI.
OC means Occupation Certificate. Municipal Corporation grant the OC after getting satisfied with the completion of Construction work in all respect.
Yes, now the Registration of Agreement is compulsory. This is also very safe as the Agreement cannot be registered if there is any irregularity.
Yes, Property can be purchased in the name of Minor. However, all the documents are to be signed by the Parents/Guardian on behalf of Minor.
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