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Onus on builder to do entire documentation

The law does not permit a builder to handover possession under any situation, not even for 'fitout' unless the building completion certificate is obtained

society formation charges
premium

RBI has said banks and HFCs need to strengthen their screening process in respect of lending to the segment

Jehangir B Gai
Shree Saidham Co-operative Housing Society, comprising  112 flat purchasers, filed a complaint before the Maharashtra State Commission against builder Vaibhav Development Corporation and its partners Nitin Nagraji Mehta and Narendra Shah for failure to comply with various statutory requirements.

The grievance: Flat purchasers were given possession of their respective flats during the period 1994 to 1997, without obtaining the occupation certificate (OC). This also resulted in having to pay for water at commercial rates. The builder also failed to form the cooperative for the housing society, and the flat purchasers got it registered on their own at their expenses. The builder