A property located in Mumbai, constructed in 1980's with a Co operative Society established in 1986, does not have an occupancy certificate. THE Commencement Certificate is available.
Agent provides with photocopy of the blueprint of the building and says the blueprint can be substituted for OC along with CC.
Although the Building is 4 floor building Blueprint says layout for ground floor and first second third typical layout. How important is the OC in respect with the Mumbai property law. Does it hinders the value of the flat?
I am looking for a bank loan. Would Bank do all the checks in the title verification and the validity of the flat, before I go for the sale agreement registration.
Please throw some light.