More than 700 projects have delayed OC in Maharashtra
Real Estate

More than 700 projects have delayed OC in Maharashtra

More than 700 projects have delayed occupancy certificate (OC) in Maharashtra, although developers had applied for OC on time, informed Gautam Chatterjee, Chairman, MahaRera, as he spoke at CREDAI’s YouthCon-19, recently held in New Delhi. 

According to him, there were 700 projects in Maharashtra alone where developers had submitted all the documents and applied for OC well in time but all their efforts were stonewalled by a single officer who had the authority to grant the OC.

Although the approvals had been given by the same planning authority, Chatterjee stated that he failed to understand why the officer representing the same planning authority took so much time to grant the OC to the project, which had been built in accordance with the commencement certificate. He suggested the mechanism of outsourcing the process of granting OCs to multiple agencies with a panel of planners and architects to check and grant OCs to projects, so as to break the monopoly of the single officer who had the power to delay the OC without any reason owing to his lacklustre attitude. 

In fact, he offered this opinion in response to a query by Nayan Shah, President CREDAI-MCHI, who expressed the view that developers are looking for the day when approval authorities could come under the ambit of RERA. 

More than 700 projects have delayed occupancy certificate (OC) in Maharashtra, although developers had applied for OC on time, informed Gautam Chatterjee, Chairman, MahaRera, as he spoke at CREDAI’s YouthCon-19, recently held in New Delhi. According to him, there were 700 projects in Maharashtra alone where developers had submitted all the documents and applied for OC well in time but all their efforts were stonewalled by a single officer who had the authority to grant the OC.Although the approvals had been given by the same planning authority, Chatterjee stated that he failed to understand why the officer representing the same planning authority took so much time to grant the OC to the project, which had been built in accordance with the commencement certificate. He suggested the mechanism of outsourcing the process of granting OCs to multiple agencies with a panel of planners and architects to check and grant OCs to projects, so as to break the monopoly of the single officer who had the power to delay the OC without any reason owing to his lacklustre attitude. In fact, he offered this opinion in response to a query by Nayan Shah, President CREDAI-MCHI, who expressed the view that developers are looking for the day when approval authorities could come under the ambit of RERA. 

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?