CC Full Form in Real Estate

When investing in real estate, there are a lot of technical terms that can confuse you. One of them is “CC”. If you are new to real estate, you might not know what CC means and why it is so important. In this blog post, we will talk about CC in detail and understand how it plays a vital role in your real estate investment.

What is the full form of CC?

The full form of CC is “Completion Certificate”. It is an important legal document that certifies that a structure has been built in accordance with all the specified standards and the master plan of the city. This document contains all the relevant information of the project, including the construction material used, the height of the building, the building plan, and other details such as green belt provisions. This document confirms the building’s compliance with all applicable building bylaws and shows that no standards have been violated.

Why is CC important?

CC is an important document as it ensures the safety of your investment. Without a CC, the property may be illegal and create many problems in the future. CC is significant for the following reasons:

Legal protection: CC ensures that the property has been constructed as per all the necessary rules and regulations. This helps you ensure that you are buying a legitimate property and will not have any legal issues in the future.
Basic amenities: Only after getting a CC, the property can be connected to electricity, water, and other basic amenities.
Finance: Many banks and financial institutions may refuse to lend a loan for a property without a CC.
Insurance: Some insurance companies may refuse to insure a property without a CC.

How to get a CC?

The process of getting a CC can be a bit complicated and requires submitting several documents with the local authorities. Here are some key steps:

Contact the builder: First of all, you should contact your builder and ask about the process of getting a CC.
Submit required documents: The builder must submit all the required documents, such as building plans, construction permit, and other related documents.
Contact the local authority: The builder must contact the local authority and apply for a CC.
Inspection and verification: The local authority will inspect the building and ensure that it follows all the required standards and regulations.
Issuance of CC: If everything is fine, the local authority will issue a CC.

How much time does it take to receive a CC?

The time taken to get a CC depends on several factors, such as the complexity of the building, the efficiency of the local authority, and other factors. Generally, it can take 3 to 6 months to get a CC.

Consequences of not having a CC

If a property does not have a CC, it can lead to several problems:

Illegal construction: Construction without a CC is considered illegal.
Lack of basic amenities: Without a CC, the property cannot be connected to electricity, water, and other basic amenities.
Difficulty in financing and insurance: Without a CC, it may be difficult to obtain a loan and get insurance for the property.
Difficulty in selling: Without a CC, it may be difficult to sell the property as buyers want to buy a legitimate property.
Other legal problems: Without a CC, the property may face legal problems, such as seizure or demolition.

Conclusion

CC is an important document that ensures the safety of real estate investment. It ensures that the property is legitimate and follows all the necessary standards and regulations. Therefore, when you invest in real estate, it is important that you ensure that the property has a CC. If the property does not have a CC, you should be careful and be aware of the potential problems.