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commencement certificate

Querist : Anonymous (Querist) 23 July 2011 This query is : Resolved 
If the developer in Mumbai has received commencement certificate for 6 floors for their 26-storey towers....

1. Is the CC issued stage by stage, i.e., will the CC for rest of the storeys be issued after completion of a few floors? Is that the norm?
OR
Should the entire CC be issued after foundation is complete?

2. This is a redevelopment project and new buyers get above 16th floor.
So will bank give me a loan if the CC is only upto 6th floor right now and I book on 16th floor?

3.What about building plan is that also approved by authorities in stages or the plan has to be get approved for all the floors first??
Ajay Bansal (Expert) 25 July 2011
See A.I.R. Manuals.


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