Project Completion Certificate: Everything You Need to Know

Project Completion Certificate: Everything You Need to Know

Whether you are a building project developer or a home buyer, it is very necessary for you to get the project completion certificate. Otherwise, it can lead to big trouble for you. This can cause you financial loss and much worse. The good part is that it is not very difficult to get the project completion certificate. By following simple procedures and knowing about them, you can save yourself from many serious troubles.

This blog will provide you with everything you need to know about the project completion certificate and also guide you on how to get one for your building project.

What is a Project Completion Certificate?

A project completion certificate or work completion certificate is a legal document that is provided once the Municipal Corporation or Local Development Authorities state that the building project has been completed as per the approved building plan.

A project completion certificate is provided after the inspection of the building project. A building project for which a project completion certificate is requested must follow all the standards set by the Municipal Corporation.

 

Importance of Project Completion Certificate 

A project completion certificate is important for home buyers as well as project developers because of the following reasons:

 

1. A project completion certificate is a very important document for getting an Income Tax rebate on home loans.
2. One cannot sell properties without a project completion certificate.
3. One cannot get an occupancy certificate without a project completion certificate. An occupancy certificate is something without which it is illegal to occupy a building.
4. A project completion certificate is an assurance that the building project is made as per the approved plan.
5. A project completion certificate is necessary to get an electricity and water connection.
6. The project completion certificate contains all the information of the building project such as the developer's name, location of the project, measurements of the building, material used in the building, etc.

 

How to obtain the Project Completion Certificate?

A project completion certificate is provided by the Municipal Corporation or development authority of that city. To get a Project Completion Certificate, visit their nearest offices and file an application.

 

Documents required for the Project Completion Certificate

Given below are the documents required to get a project completion certificate:

 

1. Filed application of project completion certificate
2. Copy of approved building plan
3. Building plan
4. Copy of paid tax receipt
5. Copy of water tax receipt
6. NOC from the fire department, if applicable
7. NOC for lift installation, if applicable
8. NOC for the sewage system

 

Details provided in the Project Completion Certificate

Given below are the details provided in the project completion certificate:

1. The name of the developer
2. The information about the location
3. The identification of the land
4. The details about the approved building plan
5. The height of the building
6. The other information of the local building standards

 

Who provides a Project Completion Certificate?

The Municipal Corporation or Development Authority of the city is responsible for providing the Project Completion Certificate. First, they inspect the building and verify if the building is made as per the approved plan and the rules and regulations or not.

 

How long does it take to get a Project Completion Certificate?

After the inspection, if everything is as per the approved plan and rules and regulations, Authorities provide the Project Completion Certificate in 3-4 weeks. 

 

Should one buy a property if the Developer does not have the Project Completion Certificate?

It is a good practice to ask for the Project Completion Certificate while buying a property. It shows that the building project is legal and approved by the authorities. 

 

If the developer refuses to provide the Project Completion Certificate of the building project, then you should definitely not buy it. Otherwise, you can face many legal difficulties in the future.

 

The provided information can save you from legal issues, fraud, and loss of money. If you are a home buyer, then you confirm if the building has a Project Completion Certificate or not. If you are a building developer then you must get the Project Completion Certificate for future security and to follow further legal formalities. 

 

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