A Project completion certificate is essentially a legal certificate that is provided if the project meets all the prescribed rules set by the local municipal body or corporation. The fundamental stipulation demands that the construction of the property or the project be completed in accordance with the permitted building plan. After the Municipal Corporation or local development authority inspects a project, they prepare an inspection report. In case of the absence of a work completion document, the builder could invite severe penalties and be fined by the municipal body.
If you are looking to purchase a home, a very crucial prerequisite is being aware of certain documents required by law. And the primary document is the project completion certificate. But what makes this document so essential to a homeowner? Let’s understand more about the importance of this document here:
Acquiring the certificate is a must as it includes all the key details related to the property and its construction like the land identification document, location, details about the builder or the property developer, particulars about the material used in the construction and its quality, and lastly, how high the building is.
The certificate can be a very significant document required in several states by the builder in order to procure electricity and water facilities in the building. Hence it makes it even more imperative to obtain a project completion certificate.
The document is proof that the construction of the property has followed all the basic rules and guidelines as provided by the local municipal body or the local corporation. Some of the basic parameters include the minimum distance from the adjoining street, maintaining a certain distance from neighboring properties, and more.
In some rare cases where the builder fails to obtain a Project Completion Certificate, then being the owner of the house, you can personally request the local municipal corporation and apply for the certificate.
While taking possession of the property, it is strictly advised not to do so without a possession certificate as you could be breaking the law and can be charged a penalty for non-possession of the document.
Let’s check out the various documents that are required to submit along with your property application in order to obtain a completion certificate:
A valid copy of the lease deed or sale deed
Documents like the building plan
A copy of the building plan approval as well as the permission letter
A copy of the latest tax paid receipt
An authorized copy of the Under Ground Drainage (UGD) connection charges receipt
·One of the necessary documents is the borewell permission fees receipt
An official copy of the Electricity cable and road cutting charge receipts
As per the rules, once a property owner or developer applies for a project completion certificate, someone from the local municipal office will visit the site for an inspection. Only if they are satisfied with the examination and convinced that all the rules have been followed, will they issue a signed and stamped project completion certificate.
You may be wondering how long it would actually take to acquire a Project Completion Certificate, as it sounds like a tedious process. But in reality, the process is quite straightforward. On submitting the application to the concerned local authorities, the executives will then be required to closely examine the property and make sure that all the rules and regulations have been respected. If the officials are convinced that the property is constructed within the set boundaries and procedures, they will sign and stamp the certificate and issue it within three to four weeks of the examination.
But, in some cases, if the officials find out that the property has not followed all the rules and regulations, they are authorized to take action. In case of any major changes, they can release a letter that states that the property should be demolished. However, in case of a minor violation, the property owner will be penalized.
As mentioned earlier, a completion certificate is a document that proves the construction of the said property has followed all the basic guidelines as laid down by the municipal or local corporation. As for the format, it includes some very pertinent details related to the property and its construction like the name and other details of the builder or the property developer, information about the location, identification of the land, details about the approved building plan, particulars about the material used in the construction, how high the building is, and lastly, some data on local building standards like the property’s distance from the road, etc.
Here is a sample format of a project completion certificate for your reference and understanding:
Completion certificate format
BUILDING COMPLETION CERTIFICATE BY CONSTRUCTION ENGINEER ON RECORD
To ……………………………………………… ………………………………………………
The building/s has/have been constructed according to the sanctioned plan.
The building/s has / have been constructed as per:
*The detailed structural drawings and structural specifications prepared by the Structural Engineer on Record
*The detailed Architectural drawings and Architectural specifications prepared by the Architect on Record.
*Detailed drawings and specifications of all services
All materials used in the construction have been tested as provided in specifications and a record of test reports has been kept.
Signature of the Owner
Signature of Construction Engineer on Record
Name in block letters: _____________________________
Name in block letters _________________________
Purchasing a home is a dream that every individual harbours. However, you must note that when it comes to buying and selling a property, you must follow the due process, and ensure proper documentation is mentioned. One such document that you must necessarily obtain is the project completion certificate. This certificate is vital, as it authenticates that your property follows all the prescribed rules set by the local municipal body or corporation. If you are looking to purchase a property, and wish to avail of a Home Loan, Bajaj Markets is the website to visit. We have partnered with a wide network of loan providers, all of whom will offer you a home loan, at cost-effective rates of interest.
The contractor or builder is required to obtain the completion certificate on completion of the building project. In order to get a building permit, the builders need to apply to the local civic body, such as the Municipal Corporation or local development authority that will issue the completion certificate to the contractor after a thorough evaluation of the building.
Some documents are mandatory to prove your ownership of the property when you resell it or when you apply for a loan. A completion certificate is one such document. Hence, a completion certificate is mandatory when applying for a home loan.
If you move into your home without a legal completion certificate, you might be penalised by municipal authorities on charges of violation. In addition, municipal authorities may issue eviction notices if they discover that your building is illegal or does not possess a completion certificate.
It is absolutely essential that you obtain a copy of a completion certificate while buying a home or moving into a new home from the developer.
While applying for a completion certificate, the builder is required to pay a certain amount as a security deposit. The amount is refunded if there is no violation of the standard. Security deposits, however, cannot be refunded if there is a deviation from the plan.
If your property or home does not have a completion certificate, there are chances that it can be considered illegal by the Municipal Corporation or local development authority. Moreover, it is proof that the building work has been inspected by the development authority and complies with all the necessary safety norms. Hence, it will be impossible to sell a house without having a valid project completion certificate.