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18 TOWERS IN TILAK NAGAR Stand STILL for the last 4 years even without the “OCCUPATION CERTIFICATE”

No Comments Sub Category:Realty News Posted On: Feb 05, 2014

Though, buildings without an occupation certificate (OC) aren’t unheard of in the city. Nevertheless, in the Tilak Nagar area of Kurla, a bunch of about 18 societies stand without any OC despite them being built around four years earlier. These are renewed buildings of the Maharashtra Housing and Area Development Authority (MHADA). The housing authority hasn’t issued its NOC for the funding of an OC as the developers or the societies have not completely made the payment for the incentive floor-space index (FSI) issued to them. FSI refers to the quotient of the total floor area of the building to Plot’s size.

Source : The Indian Express

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