A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • Project Completion Certificate

    The Project Completion Certificate is a legal document that is given after the builder states that the construction of the project or property has been completed as per the approved building plan.
    More

    The Project Completion Certificate is a legal document that is given after the builder states that the construction of the project or property has been completed as per the approved building plan. And that the project meets all the regulations and bye-laws set by the local municipal body or corporation.

    Importance of a Project Completion Certificate

    As a homebuyer, you need to be aware of several documents required for the legality of the project. One of the important documents is the Project Completion Certificate. Find out why Project Completion Certificate is important here.

    • The certificate has all the details of the building, identification of the land, the location, information about the builder/developer, the quality of materials utilised, and the height of the building.
    • The document also confirms if the project has been constructed according to the regulations and rules set by the local municipal body or corporation which includes the distance from the road, the distance between neighbouring buildings, etc.
    • In several states, a Completion Certificate is required for the builder to obtain electricity and water connection.
    • As a homebuyer, it’s advisable not to take the Possession Certificate without the Project Completion Certificate as in the absence of a completion certificate, the building or project is considered illegal and could invite penalties.
    • In case the builder/developer has not obtained a Project Completion Certificate, then as the owner of the property, you can approach the local municipal body and apply for the same.

    How to Obtain Project Completion Certificate

    A Project Completion Certificate can be obtained from the local municipal corporation/development authority of your city.

    Documents required for Completion Certificate

    While applying for this certificate, the following documents are required to be submitted along with the application:

    • Copy of the lease deed or sale deed.
    • Building plan.
    • Copy of the building plan approval and the permission letter.
    • Up-to-date tax paid receipt (photocopy).
    • Water tax receipt (photocopy).
    • Under Ground Drainage (UGD) connection charges receipt (photocopy).
    • Borewell permission fees receipt, if any (photocopy).
    • Electricity cable and road cutting charge receipts (photocopy).

    Once you apply for the Project Completion Certificate, a joint inspection by the local authority will be scheduled. Upon the completion of the inspection by corporation officials, and the building/project is built in accordance with all specifications, rules and regulations set by the municipal body, then the Project Completion Certificate will be issued duly signed and stamped by the concerned authority.

    Screenshot of a Sample Project Completion Certificate

    Here is the screenshot of a Project Completion Certificate for your reference.

    Project Completion Certificate
    Project Completion Certificate

    Who Provides the Completion Certificate?

    The local development authority or the municipal corporation will provide the certificate after the project is found to be constructed in accordance with the local bye-laws and regulations.

    How Long Does It Take to Get a Project Completion Certificate?

    Once the application is submitted to the local authority, the concerned corporation officials will inspect the building or project to check if the construction is as per the laws and regulations set by the local development authority or municipal corporation. Once the officials are satisfied that the building is built as the per the rules and regulations, the certificate is usually issued within 3 to 4 weeks, with the signature and stamp.

    However, if the building construction is in violation of the bye-laws, the authority will usually issue a letter with instruction of demolition in case of major violation or payment of penalties in case of minor violations. The developer/builder is required to adhere to the compliance post which the Project Completion Certificate will be issued.

      

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.