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Real Estate Forum on Kesar Exotica

Real Estate Property Discussion Forum and Guide to Real Estate Queries

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Q: Kesar Exotica has still not received oc.Can we buy in this property?What are the risks involved?
Latest Answer: Hi Abdeali!! Don't purchase any flat in such projects. The banks and financial institutions are most unwilling to give loan in respect of properties which do not have OC. Besides, no wise buyer will agree to purchase such property.
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Q: The builders claimed to handover 2 years back.Claim to have not received the OC.

Latest Answer: If there is no OC, the Local Body can also take action against the flat owners, as the law says no person can move into a building without the OC. Such cases have been seen in Mumbai and Delhi real estate markets. The classic example is the Campa Cola case in Mumbai.
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